Counteraction against money laundering and “Know your customer” procedure

JSC "Alfa-Bank" was founded and conducts its activity under the effective legislation of Ukraine, as well as according to generally accepted international rules and principles.

The main regulatory legal documents concerning counteraction against laundering money received from crime on which basis internal regulatory documents and policies of Alfa-Bank Ukraine are developed include:

  • Law of Ukraine “On prevention and counteraction to legalization (laundering) of proceeds from crime, terrorist financing and financing of WMD proliferation” with changes and additions;
  • Regulation on implementing the financial monitoring by banks approved by Resolution of the Board of the National Bank of Ukraine No.65 dated 19.05.2020;
  • Recommendations of the Financial Action Task Force (FATF) on Money Laundering;
  • Standards of Wolfsberg Group.

Internal rules, procedures and policies are renewed in strict compliance with national legislation and the best examples of international practice. Adequacy of such policies and procedures, as well as their compliance with the effective legislation is audited and regularly inspected for compliance with modern challenges in the fight against legalization of funds received from crime.

Additional information:

Financial Institutions
 Interbank Business
 +38 044 239 91 43