Compliance
Information about measures to combat money laundering
Many banks around the world disclose their key measures to counter money laundering, as they join the increasing global drive to eradicate and prevent such practices, and to fight the financing of potential acts of terrorism. As a global Transport Finance specialist, DVB participates in such activities.
German Criminal Code
Money laundering is a criminal offence that is punishable under section 261 of the German Criminal Code (Strafgesetzbuch "StGB"). The German Money Laundering Act ("Act on the Detection of Proceeds from Serious Crimes“, Geldwäschegesetz) contains detailed provisions for the combat against money laundering. We have selected the important piece of code for download:
Translation of the section 261 ot the StGB, as amended on 22 December 2003
German text of the Money Laundering Act, as amended on 25 October 1993, published by the German Federal Financial Services Supervisory Authority (BAFin)
Joint declaration from DVB Bank AG and DVB Group on measures taken to combat money laundering
Criminal Code of the USA
In response to the 11 September 2001 terrorist attacks the US enacted into law the USA PATRIOT ACT (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act). The PATRIOT ACT takes measures and sanctions against terrorist attacks.
USA PATRIOT ACT from 26 October 2001
The "Certification regarding Correspondent Accounts for Foreign Banks" is part of it. This Certification should be completed by any "Foreign Bank" that maintains a correspondent account with any US bank or US broker-dealer in securities. A "Foreign Bank" is a bank organised under foreign law and located outside of the US.
Certification signed by the Board of Managing Directors
In addition we updated the Certification by adding "Appendix B to Subpart I of Part 103 Recertification regarding Correspondent Accounts for Foreign Banks (OMB Control Number 1505-0184)" in order to confirm that all information contained in the original Certification remain true and correct.
Appendix B to Subpart I of Part 103 Recertification
Should you have additional questions do not hesitate to contact our Group Compliance Office.
