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Regulated and licensed entity

Gazprombank (Switzerland) Ltd. (the “Bank”) is a Swiss regulated and licensed entity and is subject to, and acts in compliance with, all relevant Swiss legal and regulatory requirements. The Bank cooperates with its regulator, the Swiss Financial Market Supervisory Authority (FINMA), in a transparent and open way.

General statement

The Bank advocates the development of sound regulations and internal procedures to combat financial crime, including tax evasion. These requirements are also intended to prevent our bank from committing or facilitating – intentionally or negligently – criminal offences.

Combating money laundering, corruption and terrorist financing

The Bank recognizes its obligation to cooperate with and support regulators and law enforcement agencies in their efforts to prevent, detect and control financial crime, and to comply with AML laws and regulation to close off the financial channels that money launderers and terrorist organizations use for illicit purposes. We have also worked to ensure that we have proper policies, processes and controls in place to deter money laundering and other financial crimes against the bank, our clients and stakeholders.

Sanctions

National authorities and supranational organisations (e.g. the United Nations and the European Union) impose restrictive measures against countries, organisations, groups, entities and individuals who infringe internationally accepted behaviours and norms, especially those who have been identified as being involved in weapons proliferation as:

  • terrorists or supporters of terrorist organisations;
  • violators of human rights; or
  • being involved in bribery and corruption.

The Bank fully adheres to global sanctions requirements. As part of its compliance program, we have established standards by which we conduct economic sanctions screaning  of both customer and transaction data to ensure that the Bank does not transact or facilitate prohibited business with, on behalf of, or for the benefit of individuals who are the target of Sanctions.

In accordance with the SECO directives of preventing the circumvention of international sanctions, the Bank in no case assists or supports its clients to avoid sanctions imposed by the US and/or EU.

Anti-bribery and Corruption

We have zero tolerance for corruption or any kind of bribery, including so-called “facilitation payments”. Our Bank is committed to complying with all applicable anti-bribery and corruption laws and regulations.

We have developed policies, procedures, and internal controls for complying with anti-bribery and corruption laws, and prohibits any improper promise, offer, or the provision of anything of value to government officials or to any other person for the purpose of obtaining or retaining business or influencing official action