Know-Your-Client, Prevention of Money Laundering and Terrorism Financing Idea Bank S.A. fully complies with the applicable regulations in terms of know-your-client and the prevention of money laundering and terrorism financing. Thus, our bank pursues a prudential management of risks and efficient internal control systems, including the prevention of money laundering and terrorism financing.
Internal rules have been drafted according to the requirements of Law no. 129/2019 on the prevention and sanctioning of money laundering and on establishing measures to prevent and combat terrorism financing, as republished, with the provisions of NBR Regulation no. 2/2019 on know-your-client in order to prevent money laundering and terrorist financing and other legal regulations into force applicable in this area.
Also, Idea Bank S.A. operates according to the provisions of NBR Regulation no. 28/2009 on supervising the implementation of international sanctions of asset freezing and to Emergency Ordinance no. 202/2008 on the implementation of international sanctions, as subsequently amended and supplemented.
Transactions performed in the operational units of Idea Bank SA comply with the provisions of article II of Government Emergency Ordinance no. 128/2010 for the amendment and supplementation of Government Emergency Ordinance no. 202/2008 on the implementation of international sanctions and regulating the enforcement of restrictions on certain transfers of funds and financial services to and from Iran, established by Council Regulation (EU) no. 961/2010 of 25 October 2010 on restrictive measures against Iran and repealing Regulation (EC) no. 423/2007 (Regulation no. 961/2010) and the Order of the President of the National Office for Prevention and Control of Money Laundering no. 95/2011 approving the Methodological Norms for the submission of notifications and for handling requests for authorization to carry out certain financial transactions.