7 december 2019
  Buy Buy
USD 62.30 65.30
EUR 69.20 72.20
GBP 82.20 85.20
CHF 63.00 66.00
JPY* 57.20 60.20
* 100 units 
  Buy Buy
USD 62.21 65.21
EUR 69.02 72.02
GBP 82.06 85.06
CHF - -
JPY* - -
* 100 units 
The current exchange rates should be specified in the Bank offices.
8 december 2019
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USD
EUR
GBP
CHF
JPY*
* 100 units 

phone: + 7 (495) 232-2067
fax: + 7 (495) 232-2067
e-mail: info@interprombank.ru


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 AboutAML/FT

AML/FT

JSCB INTERPROMBANK POLICY ON COMBATING LEGALIZATION (MONEY LAUNDERING) OF PROCEEDS FROM CRIME AND FINANCING OF TERRORISM.


I. Introduction
Recognizing the importance and the special significance of the worldwide efforts to combat legalization of proceeds from crime, and also fully realizing the threat to global community posed by terrorist and terrorism-linked organizations, INTERPROMBANK (hereinafter referred to as ‘the Bank’) has developed and implements a set of measures aimed at timely detection of any suspicious transactions.
The Bank takes all possible measures to prevent its involvement in any transaction or operation directly or indirectly linked to legalization (money laundering) of proceeds from crime, and to exclude any possibility of carrying out within the Bank of transactions related to financing of terrorism.
The Bank maintains a prudent approach to choosing its customers and forming its customer base by performing a thorough analysis of each potential customer, its interests and lines of business, and seeks to establish relations based on transparency and full understanding of the customers business activities and transactions.

II. The Banks policy on combating legalization (money laundering) of proceeds from crime and financing of terrorism
As a bank offering its customers modern and high-quality services, the Bank seeks to establish reliable correspondent and partner relations with foreign banks.

The Bank also understands that the establishment of this kind of relations requires, apart from certain liquidity, reliability and capital adequacy ratios, a sound business standing, which is not possible to achieve unless the Bank duly performs its obligations in terms of combating legalization of criminally gained incomes.

The key purpose of the Banks policy is:

• To prevent any involvement of the Bank or its staff in any operations by its customers using banking products and services when the Bank or its employees can be used as legal instruments for carrying out illegal transactions linked to legalization (money laundering) of proceeds from crime and financing of terrorism.
Low effectiveness of procedures to detect and prevent cases of legalization of criminally gained proceeds might entail the following risks:
Risk of violating applicable Russian laws;
Risk of violating laws of a foreign state, on whose territory the Bank carries out its operations;
Risk of damaging the Banks business reputation;
Financial losses resulting from any funds being blocked as part of the efforts to implement the laws of a foreign state;
To minimize such risks and to ensure that no criminally gained proceeds are involved in the Banks operations, the Bank has developed Internal Control Rules to counter legalization (money laundering) of proceeds from crime and financing of terrorism (hereinafter referred to as the Internal Control Rules”).
The key objectives of these Internal Control Rules are as follows:
Identifying mechanisms of the system to counter legalization of proceeds from crime;
Identifying means and procedures behind the mechanisms to protect the Bank from penetration of any criminally gained proceeds;
Implementing within the Bank a single approach to detecting operations subject to mandatory control and verification, and spotting suspicious transactions;
Identifying information to be submitted by the Bank with the Federal Service for Financial Monitoring (FSFM) in accordance with the law and regulations of the Bank of Russia;
Identifying methods and ways of dealing with problem customers.
In accordance with legislative requirements, and considering the experience of international financial institutions and leading Russian credit institutions in countering legalization (money laundering) of proceeds from crime and financing of terrorism, the Bank relies in its work on the following principles:
Identification and authentication of each and every customer serviced by the Bank;
Assessment of customers in terms of potential risks related to money laundering and financing of terrorism;
Investigation of operations that can be suspected as involving legalization of criminally gained proceeds and financing of terrorism;
Refusal to open an account or carry out a transaction in case a customer fails to file with the Bank all the necessary documents or files invalid documents, as well as in cases when there is information on the possible involvement of a potential customer in terrorist activities;
Blocking operations involving individuals from terrorist list;
Refusal to open a numbered (anonymous) account;
Establishment of contractual relations only with those credit and financial institutions that implement measures to counter legalization of criminally gained proceeds and financing of terrorism;
Submission with the Federal Service for Financial Monitoring of accounts in a timely manner;
Regular staff training and development.
The Chairman of the Management Board appoints a responsible employee to ensure:
Operation in the Bank of a system to counter legalization (money laundering) of proceeds from crime and financing of terrorism;
Coordination of work of the Banks subdivisions and units and supervision of Internal Control Rules compliance;
Training and consulting the staff on issues related to countering legalization of proceeds from crime and financing of terrorism;
Submission with the Federal Service for Financial Monitoring of accounts in a timely manner.

Adequate functioning of the system to counter legalization (money laundering) of proceeds from crime and financing of terrorism depends on due implementation of applicable schemes and procedures, regular review and update of their number and content.

The relevance and adequacy of the Banks monitoring procedures are analyzed as new ways of legalizing criminally gained proceeds appear and spread, legislation is amended, and international practice spreads on.


JSCB Interprombank

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