AML Compliance

Swift Remita Approach to Correspondent Banking AML Compliance

Swift Remita Bank Limited ("SRB"), its branches in and outside the United Kingdom and subsidiaries ("SRB Group entities") are committed to complying with the regulations of Monetary Authority of the United Kingdom and applicable laws, rules and regulations in the jurisdictions in which SRB Group entities operate.

SRB Group entities do not open accounts; continue customer relationships; provide products or services; execute or facilitate transactions (directly or indirectly); or engage in any correspondent banking activity involving anonymous accounts, shell banks and payable through accounts. SRB Group entities may also, at their sole discretion, decide not to process or to facilitate transactions or to provide correspondent banking activity even where permissible by Anti-Money Laundering/Countering Financing of Terrorism (“AML/CFT”) regulations, if these activities fall outside SRB's risk appetite.

In addition, SRB Group entities may restrict certain correspondent banking activities involving (directly or indirectly) countries, individuals or industry sectors that are the target of AML/CFT enforcement or regulatory actions by authorities.

We wish to inform our customers that by applying for products and services and continuing a banking relationship with SRB, you shall be required to represent and to warrant that at all times, you shall not use SRB Group entities, its products or services (regardless of currency) for the benefit of money laundering/terrorist financing activities. Where required, SRB Group entities will take necessary actions, including terminating relationships that appear to violate AML/CFT regulations. By upholding a strict stance on AML/CFT in correspondent banking activities, SRB is protecting the interests of our customers against risks arising from money laundering and terrorism financing.

If you have any question, you may contact us via the SWIFT Registry platform.