Joint-Stock Company Commercial Bank «Solidarnost» («the Bank») implements measures aimed at anti-money laundering, counter-terrorist financing and counter-proliferation financing («AML/CTF/CPF») in accordance with requirements of Federal Law of 07.08.2001 № 115-FZ "On Countering the Legalization (Money Laundering) of Illegal earnings and the Financing of Terrorism".
The Bank has developed and implemented Internal Control Regulations «AML and Financing of Terrorism & Proliferation».
The Bank has established client identification and risk management programme (including identification of the client’s representative, beneficiary and beneficial owner).
AML/CTF/CPF training of the Bank’s employees and examination of their knowledge.
In accordance with risk management programme, the Bank takes measures against the Bank involvement in clients’ suspicious transactions.
The Bank has appointed an authorized employee to ensure compliance of the Bank with legislation and regulatory requirements relating to AML/CTF/CPF.
The Bank does not establish or maintain relations with non-resident banks that do not have any standing regulatory bodies on the territory of the countries of their incorporation.
The Bank has no accounts in banks registered in those countries that do not abide by regulations to AML/CTF/CPF (as can be understood from international sources).
