Compliance at Octobank
The mission of Octobank's Compliance Department is to ensure adherence to regulatory requirements and to maintain a high level of transparency and trust among clients and partners.
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
