Declaration of the bank with respect of prevention of money laundering and protection against financing terrorism
Poštová banka, a.s. and its statutory representatives, managers and ordinary employees are aware of seriousness and social danger of money laundering and financing of terrorism (hereinafter referred to as "money laundering") as well as topicality and seriousness of fulfilment of tasks lain down by law and in order to secure them, the bank has prepared concept of prevention of money laundering and program of activity focused against money laundering prepared pursuant to law, an important part of which is, in particular:
- basic factors for assessment of riskiness of clients, business relationships, types of business, as well as risk factors of particular business operations, which are reflected in review of forms of unusual business transactions,
- requirements for taking care of client depending on money laundering risk,
- methodology of procedure in prevention of money laundering and in revealing them, the base of which is reliable execution and verification by method prescribed by law in physical presence of client, methods for assessment of usualness of business operations and monitoring of clients and their business transactions,
- procedures for refusal, stopping and reporting of unusual business transaction, if carrying out such transaction could result in money laundering,
- content and time schedule of professional training of employees.
The Bank in respect to taking basic care in relation to clients
- will not conclude a relationship and will not make a deal with anonymous client or so called "shell bank",
- searches whether client is not a politically exposed person or person to which international sanctions were declared
- § in the event of legal entities - entrepreneurs and associations of assets, the bank may, depending on money laundering risk, require identification of end beneficiaries, inspect ownership structure and managing structure of client and require verification of identification in physical presence at the bank or by other method defined by law,
- finds out information on purpose and planned nature of business relationship, carries out monitoring of business relationship and business transactions, finds out origin of funds used in business transaction and requires relevant documents and information on clients for this purpose.
The above measures are focused mainly on prevention. The Bank approaches them in all seriousness and carries them out due to its protection form misuse for money laundering and all-society urgent need for protection against terrorism.
Consistent identification and verification of identification of clients and requiring related documents and other information may cause that you feel undue administrative loading, but we want to see it as our common contribution for purposes of safety of every one of us and also as a protection from misuse of your funds by persons using illegal and fraudulent practices.