BANCO CAIXA GERAL ANGOLA

Transcription

1 BANCO CAIXA GERAL ANGOLA 1. Institutional Information AML Policy Name: Banco Caixa Geral Angola, S.A. (BCGA) Address: Avenida 4 de Fevereiro, n.º99 Swift Code: BCGAAOLU Legal Status: Joint Stock Company of Mixed Capital Shareholders: PARTANG SGPS, S.A., SONANGOL E.P., SONANGOL HOLDINGS, ANTÓNIO MOSQUITO and JOSÉ JAIME AGOSTINHO DE SOUSA FREITAS. Regulator: Banco Nacional de Angola (BNA). Institution s Code: 004 External Auditors: Ernest & Young Contact: Compliance Officer - Support Compliance Office. Telephone: Fax: compliance@caixaangola.ao 5 6

2 2. Relevant National and International Standards International Standards and Recommendations 40 Recommendations of FATF/GAFI on money laundering and financing of terrorism and combating the proliferation of massive weapons. The United Nations Convention against Illicit Traffic in Narcotic Drugs and psychotropic substances. The United Nations Convention against transnational organized crime. United Nations International Convention for the Suppression of the Financing of Terrorism. Law and National Regulations Law N.º 34/2011 of 12 December (Law of Combating Money Laundering and Financing of Terrorism - AML/FT). Law N.º 19/2017 of 25 August (Law on Preventing and Combating Terrorism) Law N.º 01/2012 of 12 January (Law on the Designation and Execution of International Law Acts). BNA s Notice Nº 22/2012 of 13 April (Regulates the Exercise Conditions of the Obligations set under Law N.º 34 / AML Law / FT). Directive N.º 03/DSI/2012 July 24 (Identification and Communication of People, Groups and Designated Entities), which regulates the exercise conditions of obligations set under the Law N.º 01/2012. Directive N.º 04/DSI/2012 July 24 (Funds and Asset Freeze), which regulates the exercise conditions of the obligations established by law N.º 01/

3 3. BCGA s Measures of Combating Money Laundering and the Financing of Terrorism. BCGA has implemented internal procedures to ensure compliance with national legislation on Combating Money Laundering and Terrorist Financing. The BCGA has AML/FT program, duly approved by the Executive Commission, which identifies, mitigates and manages the risk of money laundering and terrorist financing. Know Your Customer KYC and Customer Monitoring: BCGA has internal policies and procedures that ensure compliance with the Obligation to identify its clients and makes use of technological tools. The monitoring of the transactions carried out by their customers who are screened regularly by comparison with the relevant listings for identifying individuals and Politically Exposed Persons (PEP s). Politically Exposed Persons (PEP s): BCGA closely monitors transactions in which customers or beneficiaries are PEP s. Holders of Other Political or Public Positions: BCGA monitors to a greater extent the transactions in which customers or beneficiaries exercise or have held political or public positions as defined in Law N.º 34/2011 of 12 December. Anonymous or Numbered Accounts: BCGA does not provide its customers with products and services consubstantiated in the form of anonymous or numbered accounts. Document Conservation: Documents relating to the identification of their customers, as well as transaction evidence are kept for a period of 10 years and 5 years respectively after the completion of the transaction. 5 6

4 Correspondent Banking: BCGA has risk-based due diligence procedures, which includes the knowledge of the relevant correspondent business nature, its license to operate, the quality of its management, ownership and effective control on its AML/FT policies. Additionally, continuous monitoring of the correspondent accounts is performed when establishing of correspondence relationships, regardless of their degree of risk, is subjected to the deliberation of the Executive Committee, with the prior opinion of the Compliance Support Office. Wolfsberg AML Questionnaire: The Wolfsberg AML Questionnaire of BCGA is available on the Bank's instutucional website: USA Patriot Act Certifcate: In accordance with Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act 2001 (USA Patriot Act), it may be required to BCGA to provide, when necessary, the Certification Regarding Accounts for Foreign Banks. The USA Patriot Act Certificate is available on BCGA's institutional website: Shell Banks BCGA does not establish or maintain business relationships with shell banks, as defined in Law N.º 34/2011 of 12 December. Payable Through Accounts: BCGA does not provide this type of service. Transfers evaluation against International lists: BCGA is equipped with a software solution to filter incoming and outgoing transfers against the EU lists, UN and OFAC. 6 6

5 Sanctions Policy BCGA has implemented a set of policies and procedures with the purpose of certifying that the institution does not establish or maintain a business relationship, or process operations to/for the benefit of individuals, entities or sanctioned countries. BCGA s Sanctions Policy is available on institutional website: BCGA s employees, carry out the monitoring of suspicious transactions through a risk-based approach as well as by a technological solution. Communication of Suspicious Operations: BCGA has internal policies and procedures to enforce the legal obligation of reporting to the Financial Intelligence Unit, operations suspected of forming money laundering and terrorist financing. Communication of relevant banking transactions in the accounts and verification of transfers: BCGA communicates banking operations of amounts equal to or greater than the equivalent in Kwanzas to $ 15,000 to the Financial Information Unit. Training: BCGA ensures training on Combating Money Laundering and Financing Terrorism to all its employees and managers. Employee Monitoring: BCGA has implemented policies and procedures that ensure the safety of the identity, honesty and integrity of the employees. 5 6

6 Independent Audit and Review of the Compliance Function: The Internal Audit has review programs with the purpose of evaluating the Compliance and, the BCGA Compliance Support Office ensures compliance with all policies and operational procedures related to Combating Money Laundering and Terrorist Financing. The Audit and Compliance programs are approved by the Executive Committee of BCGA, with the prior opinion of the Internal Control Committee. July 2018 Manager of the Compliance Function [António Silva] 6 6