Luminor is a Bank that provides comprehensive range of banking services and strictly follows the broad range of anti-money laundering and counter terrorist financing (AML/CTF) regulations in each country where Luminor Group operates.
This is our commitment to do the utmost on Bank’s part that its financial services and the transactions of its customers are compliant with local legal acts, other local and European Union regulations and are also in line with international restrictive financial sanctions enforced by the European Union, United Nations and United States of America.
In line with the common policy in every country where Luminor operates, Bank rejects any request to execute transaction or provide financial services in breach of applicable regulations.
For more details on the money laundering prevention measures taken by Bank please refer to:
Sanctions are set of measures imposed by the competent Sanctions Authorities against the states, natural and legal persons, as well as other subjects which violate the human rights, commit ethnical, territorial and religion conflicts, support terrorism or violate other international norms and principles. Sanctions restrictions can include requirement of asset freeze, refusing to conduct transactions, refraining from contracts with sanctioned entities / individuals, providing loans or other financing, etc.
The Bank adheres to Sanctions restrictions imposed by the following Sanctions Authorities:
any authority acting on behalf of any of them in connection with the Sanctions.
Bank is precautious when fulfilling Sanctions compliance requirements and rejects any request to execute transaction, provide financial services or make a deal if it can violate Sanctions restriction imposed by above stated Sanctions Authorities.
According to Internal Policy Bank is not a making any deals or executing of transactions if they have direct or indirect connection with comprehensively sanctioned countries / regions as:
If a customer refuses to provide the Bank with the required information and documents about the source of funds or other property (or any other additional data), the Bank is forbidden to conclude a financial transaction and may terminate or refuse to establish the business relationship with relevant customer.