Anti-Money Laundering and Countering the Financing of Terrorism

SberBank has Internal Control Policies on anti-money laundering, countering the financing of terrorism and spread of weapons of mass destruction comprising the following programs:

  • Organization of internal controls and systems
  • Identification of customers, their representatives, beneficiaries, and beneficial owners
  • Managing AML and CFT risks
  • Detection of customers’ transactions subject to mandatory control and suspicious transactions;
  • Implementation of procedure to refuse opening bank accounts, executing payment instructions, and terminating an agreement
  • Interaction with people responsible for the identification procedure
  • Implementation of procedure to review a previously made decision to refuse service to a customer
  • Training of employees in AML/CFT