Last modified: 27 October 2023 08:45 (UTC+08:00)
DNBC’s Prevention of Financial CrimeDNBC Financial Group is committed to complying with the sanctions law and regulations of the United Nations. DNBC Financial Group (DNBC) is committed to complying with the sanctions laws and regulations of the United Nations Security Council (“UN”), the United Kingdom (“UK”), the Hong Kong Special Administrative Region (“HK”), the European Union (“EU”), Canada (“CA”), and the United States of America (“US”), as well as all applicable sanctions laws and regulations in the jurisdictions in which we operate. DNBC has a Compliance Policy and Economic Standards that define the minimum standards that DNBC and its subsidiaries must comply with to meet the above obligations. DNBC may, in its sole discretion:
- Screening customers and transactions against the sanctions lists issued by the UN, the EU, the US (including the Office of Foreign Asset Control of the US (OFAC)), and all applicable local regulatory sanctions lists in the jurisdictions in which DNBC and its subsidiaries operate.
- Prohibiting or restricting business activities, personal transactions, customer relationships, or facilitating transactions that we believe:
- may violate the applicable sanctions laws, whether directly or indirectly.
- involve individuals, entities, or vessels listed on an official sanctions list by the UN, EU, OFAC, or the local regulatory sanctions list whether directly or indirectly.
- are residing in, or operating from a sanctioned country/location.
- may potentially circumvent applicable sanctions laws or contradict the spirit of such sanctions laws.
- Blocking or rejecting transactions where DNBC is obligated to do so under the applicable sanctions laws or regulations or where the transactions are not within our risk appetite.
The Financial Action Task Force (FATF) High-Risk JurisdictionsFrom time to time it will be updated. Last updated: 27 October 2023