Declaration of Sparkasse Osnabrück concerningKnow-Your-Counterparty, Anti-Money-Laundering andCounter Terrorism Financing & Proliferation compliance

  • Our bank/institution regards all current laws of the Federal Republic of Germany as well as all EU-Regulations covering AML&CFT.
  • Our bank/institution does not have any branches or subsidiaries in any country which is subject to international sanctions.
  • Our bank/institution does not have any anonymous or numbered accounts which are strictly prohibited by the laws/regulations of the Federal Republic of Germany.
  • Our bank/institution does not have any ‘Payable-Through Accounts’.
  • Our bank/institution does not maintain any correspondent banking relationship with another financial institution who allows direct use of any correspondent account by third parties to transact business on their behalf.
  • Our bank/institution has specific systems and controls in place to screen transactions for customers or transactions deemed to be of significant high risk (which may include persons, entities or countries) against lists issued by government/international competent authorities which include UK, EU, US and UN.
  • Our bank/institution’s management personnel is not a political exposed person (PEP).
  • Our bank/institution is not engaged in sale of monetary instruments or funds transfer for ‘walk-in’ customers (individuals who do not have account relationship with our bank/institution). If yes, we ensure that identification documents of such ‘walk-in’ customers are obtained.
  • During the past 5 years we have not experienced any regulatory investigation, prosecution or civil penalty relating to our AML&CFT compliance.
  • During the past 5 years we have not entered into any binding undertaking or consent to any court order to rectify our AML&CFT compliance.
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