Protection against money laundering

Money laundering means that services of financial institutions are used in order to conceal the true source of funds often derived from criminal activity by the perpetrator, or other individuals.

In order to prevent such activities OTP Banka Slovensko, a.s. demands strict each client identification, whereas such client is obliged each transaction to be performed in his own name and own account. In case client is handling with souces of third party, there is need for delegation and permission for such transaction.

In field of money laundering prevention OTP Banka Slovensko, a.s. performs periodical staff trainings and has worked out internal procedures targeted for suspicious transactions revealing which are further executed in collaboration with respective authorities in accordance with valid law.

Statutory duty of bank to report suspicious business transaction is derived directly from valid law and is not considered as bank secrecy violation. Intentional misreporting of such transaction rise up criminal liability.

Supervision upon adequacy and sufficiency of procedures in field of money laundering prevention performs National Bank of Slovakia and Financial Intelligence Unit.

Anti Money Laundering - Affidativ
Patriot Act Certification