About the Bank>Compliance

Financial monitoring

To meet the requirements of Federal Law № 115-FZ dated 07 August 2001 ‘On counteracting legalization (laundering) of proceeds from crime and financing of terrorism’Expobank LLC implements measures aimed at counteracting legalization (laundering) of proceeds from crime, financing of terrorism and financing of the weapons of mass destruction proliferation (AML/CFT/WMD).

The Bank has developed, approved and put into effect the Internal Control Rules for AML/CFT/WMD Purposes.

The Bank identifies clients, their representatives, beneficiaries, beneficial owners and conducts clientrisk assessments.

The Bank’s employees are trained in AML/CFT/WMD, with their knowledge subsequently checked.

Certain risk management measures are taken to prevent the Bank's involvement in any suspicious transactions ofthe clients.

The Bank has appointed a specialist responsible for the development and implementation of the Internal Control Rules for AML/CFT/WMD.

The Bank does not establish or maintain any relationships with non-resident banks that have no permanent corporate governance bodies in jurisdictions of their incorporation.

The Bank has no accounts opened withthe banks registered in the countries (territories) that, as may be known from the international sources, do not meet the common standards of AML/CFT/WMD.