Policy of JSC «OTP Bank» on Counteracting Money Laundering and Terrorist Financing

In accordance with the established Russian and international banking practice and pursuant to the requirements of Federal Law № 115-FZ dated August 7, 2001 «On Counteracting Legalisation (Laundering) of Criminal Proceeds and Terrorist Financing» JSC «OTP Bank» monitors financial operations of customers and implements measures aimed at counteracting legalisation (laundering) of criminal proceeds and terrorist financing.

JSC «OTP Bank» has developed and approved the Internal Control Regulations of JSC «OTP Bank» for the purposes of counteracting legalisation (laundering) of criminal proceeds and terrorist financing.

Activities on counteracting legalisation (laundering) of criminal proceeds and terrorist financing are arranged and supervised by the Financial Monitoring and Currency Control Service. A designated officer has been appointed to supervise the implementation of the Internal Control Regulations of JSC «OTP Bank» for the purposes of counteracting legalisation (laundering) of criminal proceeds and terrorist financing; in the branches the implementation of the Regulations is supervised by the authorized staff.

JSC «OTP Bank» is committed to maintaining good business reputation and mitigating the risks of the Bank being involved in suspicious schemes of unscrupulous customers. Given this JSC «OTP Bank» applies the KYC («Know Your Customer») Policy.

JSC «OTP Bank» neither establishes nor maintains relations with banks which do not have the permanent corporate bodies in the territories of the states where they are incorporated and banks incorporated in the territories granting  preferential tax regime and (or) not requiring the disclosure and provision of information on financial transactions (offshore zones).

Documents of JSC «OTP Bank»:

USA PATRIOT Act Certification

Form W-8BEN-E

Wolfsberg Questionnaire

Questionnaire of a credit organisation (rus)

Identification of correspondent banks and counterparties

In accordance with the requirements of Regulation of the Bank of Russia № 499-P dated October 15, 2015 «On identification of customers, representatives of customers, beneficiaries and beneficial owners by credit organisations for the purpose of counteracting legalisation (laundering) of criminal proceeds and terrorist financing », in order to establish business relations with JSC «OTP Bank» financial institutions are requested to provide information as per form of JSC «OTP Bank»’s Questionnaire designed for credit institutions. The Questionnaire of a credit institution is to be updated at least once a year or upon any changes of the data contained therein.

Questionnaire of a credit organisation (for residents)

Questionnaire of a credit organisation (for non-residents)