Policies, Certifications, Principles

Note, the KYC/CDD/EDD related information and documents are available on The KYC Registry.
To access KYC data of AO ALFA-BANK, please create an access request directly in The Registry, which, upon receipt, will be approved in a timely manner.

Patriot Act Certification

We have prepared a global certification for use by any financial institution that believes it requires a Patriot Act Certification for OJSC Alfa-Bank.

Anti-Money Laundering Policy

The Policy on Prevention of Money Laundering and Terrorist Financing (hereinafter — «the Policy») outlines the minimum general unified standards of anti-money laundering and combating terrorism financing which should be adhered to by the whole Alfa Banking Group.

In any country where the applicable anti-money laundering laws and regulations require the Group` s companies to establish higher standards, they must meet those standards.
Adherence to this Policy is absolutely essential for ensuring that all Alfa Banking Group companies, regardless of geographic location, fully comply with applicable anti-money laundering laws and regulations.

Alfa Banking Group is committed to examining its anti-money laundering strategies, goals and objectives on an ongoing basis and to maintaining an effective Policy for the Group’s business.

The Wolfsberg Group Principles

ALFA-BANK believes that adherence to the Wolfsberg Principles promotes effective risk management, enables to exercise sound business judgements and endeavours to prevent the use of financial institutions for criminal purposes.

FATCA/CRS

FATCA

Due to the entry into force on July 1, 2014 of the Foreign Account Tax Compliance Act (hereinafter – FATCA), the Bank has registered with the Internal Revenue Service (IRS) as a financial institution that complies with the FATCA requirements (Participating Foreign Financial Institution (PFFI)). Upon registration, the Bank has received a Global Intermediary Identification Number (GIIN): F50PGN.00007.ME.643.

On June 8, 2017 the Bank has renewed the agreement with the IRS with the same FATCA Status and GIIN.

According to the requirements of the Federal Law of June 28, 2014 No. 173-FZ (hereinafter – 173-FZ) the Bank shall take reasonable measures to identify among its clients those who are subject to FATCA.
 
The Bank shall have the right in accordance with the provisions of 173-FZ to:

  • refuse to conclude a bank account (deposit) agreement or other agreement providing for the execution of financial services (hereinafter – the Agreement);
  • refuse to perform operations carried out in favor of or on behalf of the client under the Agreement;
  • terminate the Agreement unilaterally and notify the client of the decision of termination no later than the day following the day of the decision.

CRS

As part of cooperation within the framework of the Common Reporting Standard (CRS), the Russian Federation signed on October 29, 2014 the Multilateral Competent Authority Agreement on automatic exchange of information.

For the purpose of fulfillment of the above-mentioned international obligations, the provisions of CRS were implemented in the legislation of the Russian Federation (chapter 20.1 of the Tax Code of the Russian Federation and Resolution of the Government of the Russian Federation of 16.06.2018 No. 693).
The Bank hereby confirms that it is acting as a Financial Institution for the purposes of CRS.

The Bank shall execute all necessary measures to establish the tax residency of its clients, beneficiaries and persons directly or indirectly controlling them, and to send information on all duly identified tax residents of foreign jurisdictions to the Federal Tax Service of the Russian Federation.

According to clause 2 of article 142.4 of the Tax Code of the Russian Federation, the clients of the Bank shall provide information about their tax residency, as well as about the tax residency of the persons directly or indirectly controlling them.

The Bank uses reasonable efforts to obtain the Tax Identification Number (TIN) of the following account holders:

  1. Their foreign tax residence has been established on the basis of foreign jurisdiction indicia and the Bank does not have the their TIN;
  2. They have previously provided their TIN, but it does not match the TIN format available on the official website of the Organisation for Economic Co-operation and Development (OECD);
  3. They have indicated the reason of the unavailability of their TIN, which is either not applicable for the relevant jurisdiction or implied a later provision of the TIN, i.e. one of the following reasons has been indicated:
    • «An application for obtaining / renewing the TIN has been submitted»;
    • «The TIN will be provided by the client later».

The clients may provide the information on their tax residence and TIN by visiting a branch of the Bank.

In case the client fails to provide the requested information, or in case the client provides false or incomplete information, the Bank shall have the right in accordance with article 142.4 of the Tax Code of the Russian Federation to:

  • refuse to conclude a bank account (deposit) agreement or other agreement providing for the execution of financial services (hereinafter – the Agreement);
  • refuse to perform operations carried out in favor of or on behalf of the client under the Agreement;
  • terminate the Agreement unilaterally.