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Our Anti-Money Laundering Policy
Money Laundering is widely used by organized criminals and terrorists, and bank staff face serious penalties if they are caught opening accounts for people who then prove to be laundering money.
Our primary protection against being used for money laundering is our “Know Your Customer” policy. This means that we are very careful to establish the real identity of clients, the nature of their business and source of their income.
Staff are trained in, and have regular ongoing education about, how to spot suspicious activity and attempted money laundering. All suspicions of money laundering have to be reported to the authorities.
Though this may result in occasional, minor inconveniences, these procedures are not intended to be a nuisance to legitimate clients, but rather are there to help cut off financial support for terrorism.
Read or download your own copy of CIB's full (19 page) Anti-Money Laundering Policy Statement.