Information for customers in order to prevent account blocking

In general, compliance means conforming to a rule, such as a policy, standard or law. Regulatory compliance is an integral part of the corporate culture of Joint-Stock Company Commercial Bank «Solidarnost» («the Bank»). Due to the increasing number of regulations and need for operational transparency, the Bank has adopted the use of consolidated and harmonized sets of compliance controls. This approach is used to ensure that all necessary governance requirements can be met.

Regulatory compliance control is a part of all business processes of the Bank and aimed at:

• Conflicts of interest and anti-corruption
• AML / CTF
• FATCA / CRS
• Sanctions