Compliance

Compliance

Suez Canal Bank is subject to the supervision of Central Bank of Egypt and all controls and instructions issued by it as well as the banking and monetary system law and all relevant laws and requirements of the Basel Committee, our bank is committed to all the provision of the comprehensive commitment policy in accordance with international standards.


Suez Canal Bank complies with the instructions for customer protection and its customer protecting unit following compliance department, through which customer complaints are followed up , resolved and reported to the senior bank management, Audit Committee, and Board of Directors.

Suez Canal Bank Bank’s legal Entity international Number:
LEI : 549300L2TYJKMRAVJCZ02.

According to the Foreign American Tax Compliance Act (FATCA) that started on 1/7/2014, Suez Canal Bank Bank registered individually with IRS as single participating financial institution in the agreement, which was approved by the Central Bank of Egypt.
Suez Canal Bank GIIN no. :3P9378.99999.SL.818



Anti-money Laundering and Financial terrorist

Anti-Money Laundering and Combating Terrorism Financing:

Our bank adheres to the regulatory controls and customer identification instructions (KYC) regulations issued by the Egyptian Anti-money laundering and combating terrorism unit and the relevant applicable laws and FATF recommendations and all the principles of the (Wolfsburg group) for AML/CTF as well as all the principles of "know your client" (KYC).

The bank also abides by the AML law No. 80 for the year 2002, its executive regulations and all subsequent amendments of the law and all other relevant laws to comply these recommendations and regulations, in addition to our Anti-money laundering and terrorism financing policy and customer acceptance policy included.



Governance

Governance is set of rules and best practices that govern the relationship between the board of directors, management, and shareholders.

Suez Canal Bank applies standards of disclosures and transparency which the framework of governance, which are appropriate to the bank’s business and activities in accordance with the developments surrounding it and in accordance with legalislative and regulatory requirements whiten the framework of corporate governance.

The bank adopts a policy of transparency and disclosure on the information that reflects all the requirements of disclosure (financial, non-financial and regulatory disclosures that include all the important data in the bank and its operations and financial performance in line with the shareholder structure.

The bank adheres to all the rules of governance issued by the decisions of the Basel Committee that monitors the banking sector and related laws in this respect.