Understanding Anti-Money Laundering and Counter Terrorist financing
Understanding Anti-Money Laundering and Counter Terrorist financing
GENERAL PROCEEDINGS OF XACBANK’S AML/CTF OPERATION
XacBank implements policies, procedures, and relevant programs to combat money laundering and terrorist financing. This effort aims to mitigate the risk of exposure to these financial crimes and aligns with the recommendations of the Financial Action Task Force (FATF) while complying with standards set by the United States and the European Union.
Wolfsberg Questionnaire
CLICK HERE to review the Wolfsberg Group's Anti-Money Laundering Questionnaire, designed to assess financial institutions' internal control systems for preventing money laundering.
W-8BEN-E FORM
All foreign entities that receive U.S.-source income must complete IRS Form W-8BEN-E, which can be viewed by clicking HERE.
USA Patriot Act
The bank follows the USA PATRIOT ACT. The Act is devoted to deter and punish terrorist acts in the United States and across the globe to enhance related law enforcement investigatory tools and other purposes. CLICK HERE.
