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KYC – policy
Vnesheconombank develops program «Know your customer» which include:
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Special requirements for opening personal/business/correspondent bank accounts.
For opening of personal account Vnesheconombank requires documents for identification of an applicant’s personality, address and taxpayer identification number.
For opening of business account Vnesheconombank requires constitutive documents and documents where an applicant’s name, registration number, permanent and current mailing address, taxpayer identification number appear. When opening business accounts Vnesheconombank pays special attention to the information on the applicant’s senior management and the owners (in case of privately held institutions), expected account activity and other publicly available information.
For opening of correspondent bank account Vnesheconombank requires constitutive documents and documents where applicant’s name, registration number, permanent and current mailing address, taxpayer identification number, banking licence, list of authorised signatures appear and also information on senior management, the owners (in case of privately held institutions), expected account activity and other publicly available information.
Vnesheconombank also requests information on correspondent bank’s KYC policies and AML procedures.
In case of necessity Vnesheconombank requires other additional information for opening and maintaining of personal/business/correspondent bank accounts.
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Identification of transaction profile before opening accounts (volume and main type of transactions).
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Special rules for detecting suspicious transactions (policy of monitoring large volume transactions).
Once an unusual activity is detected we make our internal investigation of the reasons of such activity and then if necessary take measures set by Russian AML legislation.
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Monitoring our customer’s accounts.
 USA PATRIOT Act Certification (480kB)
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