AIB Group’s money laundering policy is to ensure that the highest standards of due diligence apply in relation to ‘know your customer’ principles; that we consistently comply with the requirements of legislation and appropriate guidelines in the jurisdictions in which we operate and that we at all times ensure the protection of our staff, and safeguard our brand and reputation.
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allocate responsibility within each jurisdiction for ensuring compliance with the jurisdiction’s procedures for money laundering to the relevant Money Laundering Reporting Officer
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comply with the requirements of legislation and appropriate guidelines in the jurisdictions in which we operate
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provide initial and annual training and education programmes to ensure all relevant staff are aware of their personal responsibilities and the procedures to be adhered to. Individual confirmations of receiving such training are retained in each jurisdiction
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take reasonable measures to establish the identity of any person for whom it is proposed to provide any services
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retain identification documentation and transactional documentation as defined within local legislation for the requisite period
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report to the relevant authority where there are reasonable grounds to suspect that a money laundering offence has been or is being committed.
