Compliance at Octobank
The mission of Octobank’s Compliance Department is to ensure strict adherence to legal requirements, international standards, and the Bank’s internal policies, while promoting a culture of ethics, transparency, and sustainable development. We are committed to minimizing legal and reputational risks, safeguarding the interests of our clients and partners, and strengthening trust in the Bank at both
What is compliance?
Compliance is a set of measures designed to prevent financial loss and reputational damage that could arise from violations of laws, internal regulations, international standards, or from sanctions and other enforcement actions imposed by regulators.
Octobank’s compliance framework
Sanctions compliance
Сontinuous screening of customers, transactions and counterparties against global sanctions lists.
Anti-corruption compliance
A zero-tolerance policy toward bribery; monitoring gifts, expenses and conflicts of interest; confidential whistle-blowing channels.
AML/CFT/CPF
Risk-based customer due diligence, transaction monitoring and regulatory reporting to prevent money-laundering, terrorist financing and proliferation financing.
Сompliance
Management statement on sanctions compliance
AO Octobank is a fast-growing Uzbek bank that has operated successfully since 2001. We maintain correspondent relationships with leading international financial institutions and have passed multi-layered compliance reviews to establish and retain these ties.
Strict adherence to international compliance standards underpins our long-term partnerships.
Octobank fully observes the following primary sanctions lists:
Consolidated United Nations Security Council list;
U.S. OFAC consolidated sanctions list;
Sanctions regulations of the European Union, the United Kingdom and other G7 jurisdictions.
We kindly request all clients to comply with the Compliance Clause in Octobank’s public offers. Observing these requirements secures your funds and sustains the Bank’s impeccable reputation in global markets.
Sanction Lists We Adhere To
Feedback
«SpeakUp» Support Line
Contact Information:
Whistleblower Hotline: +998 71 202-33-33
Call Center: +998 71 202-33-33
Email: compliance@octo.bank
Confidentiality and Whistleblower Protection
Octobank handles all reports with strict confidentiality.
The identity of the reporting individual will not be disclosed without their consent, except in cases expressly provided for by the laws of the Republic of Uzbekistan.
The Bank fully complies with the Law of the Republic of Uzbekistan "On Appeals of Individuals and Legal Entities" (as amended on September 11, 2017, No. ZRU-445), which prohibits the disclosure of information about a complainant without their consent, unless otherwise stipulated by law.
Octobank guarantees protection against any form of retaliation, pressure, or discrimination against individuals who, in good faith, report violations — including potential cases of corruption, legal non-compliance, or breaches of the Bank’s internal regulations.
