Anti-money laundering
In accordance with the Law of the Republic of Kazakhstan dated August 28, 2009 No. 191-IV ZRK “On Combating the Legalization (Laundering) of Proceeds from Crime and the Financing of Terrorism”, as well as regulatory legal acts of the National Bank and the Ministry of Finance of the Republic of Kazakhstan, the Subsidiary JSC VTB Bank (Kazakhstan) has implemented the “Consolidated Policy of the VTB Group on Combating Money Laundering of Proceeds from Crime and Financing
According to the above documents of Subsidiary VTB Bank JSC (Kazakhstan):
- does not open accounts (deposits) for anonymous owners, that is, without the individual or legal entity opening the account (deposit) presenting the documents necessary for identification;
- does not open accounts (deposits) for individuals without the personal presence of the person opening the account (deposit) or his representative;
- does not establish or maintain relations with non-resident banks that do not have permanent management bodies in the territories of the states in which they are registered;
- does not have accounts in banks registered in states (territories) about which it is known from international sources that they do not comply with generally accepted standards for combating the legalization (laundering) of proceeds from crime and the financing of terrorism.
In order to organize an internal control system and comply with legal requirements, Subsidiary VTB Bank JSC (Kazakhstan) has appointed a responsible employee for compliance by the Bank's divisions with the Internal Control Rules for the purpose of combating legalization (laundering) of proceeds from crime and the financing of terrorism, and the implementation of programs for their implementation, and has also developed a training and education program on an ongoing basis for employees on the issues of preventing legalization of proceeds from crime and the financing of terrorist activities.
The management of the Bank at all levels of the organizational structure exercises the necessary control corresponding to the nature and scale of the operations carried out by the bank, and does not allow the involvement of the Bank and/or its employees in financial transactions of a criminal nature.
Constant control over compliance by the Bank's structural divisions with the requirements of internal control rules and procedures to prevent money laundering and the financing of terrorist activities is carried out by the Bank's Internal Audit Service.
Additionally, we inform you that VTB Bank JSC (Kazakhstan) is registered on the portal of the US Internal Revenue Service in order to comply with the requirements of the US Foreign Account Tax Compliance Act (FATCA) as a registered conditionally compliant financial institution.