Boubyan Bank    About Bank Boubyan    Management    Anti-Money Laundry

Anti-Money Laundry

Boubyan Bank is committed to cooperate and comply with law enforcement and regulatory agencies to fight against money laundering and terrorist financing.  As such, the Bank has developed an Anti-Money Laundering and Counter Terrorism Financing Policy (AML/CTF) and put it in place along with processes, systems and controls to   identify, manage and mitigate the risk of money laundering and terrorist financing.

The Board of Directors and Senior Management of the Bank have ongoing oversight of the Bank’s AML/CTF policy and procedures. All employees must comply with these, attend specific trainings to their role and awareness sessions on new AML/CTF trends, and report suspicious transactions or behaviors.

Our AML/CTF Policy covers various pillars, including:

  • Customer Identification (KYC)
  • Monitoring Transactions and Customers
  • Identifying and Reporting of suspicious or unusual transactions
  • Continuous Training on AML/CTF
  • Risk based approach .