Preventing Money Laundering and Terrorist Financing: BNA’s Comprehensive Approach
In its commitment to regulatory compliance and preventing the misuse of financial services, Banco de la Nación Argentina (BNA) has established a robust system to detect and prevent money laundering and terrorist financing.
Annual Training Plan
To ensure that employees are equipped with the necessary knowledge and skills to identify and report suspicious transactions, BNA develops an Annual Training Plan. The plan includes training sessions on regulatory standards, AML/CFT policies, and procedures, tailored to each employee’s function and exposure to AML/CTF risks.
Document Preservation
BNA has implemented a policy for preserving documents submitted by customers. These documents are safeguarded as proof in any investigation related to AML/CTF and enable the bank to rebuild transactions. The documentation is available upon request from relevant authorities.
Appointment of Compliance Officer
The Board of Directors of BNA has appointed a Compliance Officer, responsible for ensuring compliance with laws and regulations on control and prevention of money laundering and terrorist financing. The officer implements procedures and duties set forth by the highest authority of the institution.
AML/CFT System Review
To ensure the effectiveness of its AML/CFT system, BNA conducts an annual comprehensive assessment of the Prevention System, conducted by an independent external agent with recognized expertise in the matter.
Other Policies
BNA has established policies for:
- High-risk customers
- Public sector entities
- Cash transactions
- Transactions with high-risk jurisdictions subject to call for action by FATF
- New products and services
- Penalizing non-compliance
These policies aim to mitigate AML/CTF risks and ensure the bank operates in a transparent and accountable manner.
Penalties for Non-Compliance
The bank’s Personnel Regulations outline penalties for non-compliance with duties and responsibilities set forth by the institution. These penalties are designed to deter employees from engaging in illegal activities and promote a culture of compliance within the organization.
By establishing these measures, BNA demonstrates its commitment to preventing money laundering and terrorist financing, ensuring the integrity and reputation of the bank.
Contact Information
For more information on BNA’s AML/CFT policies and procedures, please contact:
Guillermina Bertoni AML Deputy Manager I/ C AML Unit Banco de la Nación Argentina
Phone: [insert phone number] Email: [insert email]