Bank Audi Egypt has a longstanding commitment to compliance with local and international laws and regulations pertaining to all its activities. The mission of the Compliance Department is to identify and minimize the Bank’s exposure to various compliance risks and to oversee and co-ordinate the management of compliance risks in an independent manner.
The Bank is committed to combat money laundering and terrorism financing in order to avoid being involved directly or indirectly in transactions connected with the laundering of money derived from illegal activities or the channeling of funds to be used for illicit purposes.
Bank Audi's firm commitment is the result of proper guidance and instructions of its Board of Directors and Senior Management and also due to the responsibility and awareness of the Bank employees irrespective of their rank and position. All employees have the duty to ensure that the Bank's operations are consistent with anti-money laundering laws and regulations, internal policies and procedures, the industry best practices, as well as the highest level of morality. This is the result of a compliance culture that is forged at all levels across the Bank.
The AML Policy is designed to meet the anti-money laundering and combating the financing of terrorism (AML/CFT) requirements as set out in local regulations and Group Audi Policies.
- Terms of Reference of the Compliance Department
- Group AML/CFT Policy.
- Recommendations of industry groups including:
- The Financial Action Task Force (FATF).
- The Basel Committee on Banking Supervision.
- The Wolfsberg Group.
Bank Audi Egypt ensures that all its staff members are aware of and have undergone appropriate training in connection with the Policy. All Bank employees are required to fully adhere to the provisions contained in this the AML Guide.
Key documents pertaining to our AML/CFT policies and practices are available below.
KYC/AML (Wolfsberg) Questionnaire U.S. Patriot Act W8 BenE-Form