Anti-Money Laundering (AML) and Counter-Terrorism Financing

Sberbank has developed and implemented the AML/CFT Internal Control Policy comprising the following programs:

  • Organization of Internal Controls and Systems;
  • Customer Due Diligence;
  • Managing the Risk of ML/FT;
  • Detection of suspicious transactions in customers activity;
  • Implementation of procedure to refuse opening accounts and /or executing payment instructions;
  • Dealing with persons under special control;
  • Training of Employees.

In December 2016 Sberbank has been assessed and certified as meeting the requirements of ICA’s conformity certification for compliance management systems, which is based upon ISO 19600:2014: Compliance Management System (CMS) associated with Anti-money laundering (AML)/Counter terrorist financing (CFT), Gifts & hospitality/anti-corruption, Insider trading, Conflict of interest.

Press release about ISO 19600:2014 standard compliance certificate issued by ICA

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