Money laundering means the actions of companies, organizations or individuals intended to conceal businesses, income, capitals or other funds when their origins are illegal or for the purpose of tax evasion.

The EVROPEISKY Investment Commercial Bank condemns such activities and does everything necessary to oppose them in compliance with the current legislation (Federal Law No. 115FZ).

The EVROPEISKY Investment Commercial Bank also strictly adheres to these principles in relation to international practices. Because there is an international correspondent network, the bank's operations, besides the normative acts of the Bank of Russia, are indirectly regulated by the laws of states with whose banks EVROPEISKY has established correspondent relations.

According to the special legislation of some or other country, money transfers for the benefit of certain parties may be frozen and their repayment may take a lot of time and effort.

The bank recommends that it clients pay much attention to this and consider the EVROPEISKY Investment Commercial Bank as an institution whose attitude towards money laundering is well thought-out and unequivocal and whose departments are all constantly supervised in this respect.

Our reference is Federal Law No. 115 FZ.