ANTI MONEY LAUNDERING (AML) AND KYC (KNOW YOUR CUSTOMER/CLIENT)
At Euro Interbank we have implemented policies and procedures for the identification of client, verification of client particulars, and reporting suspicious activity and transaction. We also have a in depth procedure for training our staff to be able to complete and ascertain client legality and compliance to local and international laws.
COMPLIANCE WITH ANTI MONEY LAUNDERING & REGULATORY REQUIREMENTS
EURO INTERBANK, IS FULLY COMPLIANT WITH USA PATRIOT ACT CERTIFICATION REQUIREMENTS.
In early 2000 pursuant to the USA Patriot Act and rules issued by the U. S. Department of TREASURY, a U. S. Bank or a U. S. Broker-dealer in securities (a "covered financial institution) is required to obtain information from any "foreign bank or foreign financial institution" that maintains a correspondent account with it.
Money laundering is how criminals disguise the illegal origins of their money. Financers of terrorism use similar techniques to money launderers to avoid detection by authorities and to protect the identity of those providing and receiving the funds.