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scheme2, 2nd Tverskaya-Yamskaya,
Moscow,125047

Controlling functions of the Bank

The policy of Joint Stock Commercial Bank "APABANK" (Closed Joint Stock Company) in counteracting the legalization of proceeds obtained by criminal means and financing of terrorism, aims to achieve the following main objectives:

  • exception of using the Bank as an instrument for money laundering and terrorist financing;
  • Safety and protection of the reputation of the Bank and its clients.

Within these goals Joint Stock Commercial Bank "APABANK" (Closed Joint Stock Company) take measures prescribed by the Federal Law of 07.08.2001 115-FZ "On Counteracting the Legalization (Laundering) of Proceeds obtained by criminal means and financing of terrorism," with subsequent amendments and additions. In Joint Stock Commercial Bank "APABANK" (Closed Joint Stock Company) approved and are realized rules for internal control to counteract the legalization (laundering) of proceeds obtained by criminal means and financing of terrorism (hereinafter the Rules). Rules are developed in accordance with the requirements of normative legal instruments and international standards on counteracting the legalization (laundering) of proceeds from crime and terrorist financing, and contain the following programs:

  • A program of identification and examination of the Bank Clients;
  • a program of detection, identification, examination and service procedure for foreign public officials;
  • a program of ascertainment and identification by the Bank of beneficiaries;
  • program for identification of customers served by using remote banking services;
  • a program of identification in customers activity operations (transactions) subject to mandatory control, doubtful and unusual transactions (transactions);
  • a program to verify information about the Customer and/or the beneficiary or transaction (the transaction) of the Client and/or the beneficiary to confirm the validity or refute suspicion of realization by the Client and/or beneficiary of the legalization (laundering) of proceeds from crime and terrorist financing;
  • a program of the documentary recording of information about transactions subject to obligatory control, questionable, unusual and "suspicious" operations (transactions);
  • a program of the organization of the Bank's refusal to conclude a contract of bank account (deposit);
  • a program of the organization of the Bank's refusal in implementing of the Customer's order on the implementation of operations;
  • a program of the organization of the Bank to suspend operations with cash;
  • a training program and education of Bank staff on countering the legalization (laundering) of proceeds from crime and terrorist financing;
  • a program for storing information and documents received from the sale of the programs of internal control with the aim counteract the legalization (laundering) of proceeds from crime and terrorist financing.

Chairman of the Bank appointed a responsible employee, which provides:

  • Functioning in the Bank of the system of combating money laundering and terrorist financing;
  • Coordinating the work of the Bank's units and monitoring the implementation of rules and programs of internal control in this area;
  • representation of information to the Federal Service for Financial Monitoring.

In accordance with the regulation of the Bank of Russia from 05.01.1998 14-P (The rules of the organization of cash circulation in the territory of the Russian Federation") Bank at least once every two years verifies compliance with the company the order of cash transactions and work with cash established by Bank of Russia. Materials of inspections certificate are issued in the form of 0,408,026.

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