Legal & Standards

Fortress Bank: In Compliance With Global Anti-Money Laundering (AML) Regulations

BankersAccuity's range of compliance solutions effectively enable Fortress Bank to:
  • Reduce exposure to AML risk
  • Increase operational efficiency
  • Lower the cost of AML compliance
Endorsed by authoritative associations, BankersAccuity offers solutions which include:
  • Enhanced AML screening data, providing the ideal framework for your customer filtering
  • Flexible and scalable technology to effectively support your screening processes
  • Onboarding, review and analysis look up tools, including copies of original
  • AML documents to vastly improve our KYC review process.

Sanctions and PEP data

Reduce false positives and enable the highest level of AML compliance with our enhanced data.

AML screening software

Screen financial transactions or customer files or simply perform one-time look-ups.

KYC onboarding and review

Look up the primary information required to conduct due diligence checks on bank counterparties.

Our Compliance Guidelines

As an international service and portfolio management bank, Fortress Bank operates in many countries with regard to its clients and the range of products and services offered. Accordingly, the bank is subject to different local statutory and supervisory regulations. Compliance with these regulations, especially in the provision of securities services and related services as well as the prevention of money laundering and terrorist financing, is a task shared by all Fortress Bank employees.

Purpose

For this purpose, we have developed behavioral standards and translated them into Compliance Guidelines, which apply to all our employees and representative officers worldwide.

Task

Fortress Bank’s task is to provide employees rendering securities services with appropriate advice, training and support in order to prevent breaches of the law as well as the resulting sanctions and any reputational damage which may result from such transgressions.In addition, the activity of the banks compliance is designed to ensure that the clients of Fortress Bank as well as other market participants are treated in a manner that is fair and free from conflicts of interest while protecting Fortress Bank’s legitimate commercial interests at the same time.

Awareness

Fortress Bank is aware of the importance of, and its responsibility for, compliant behavior, which is reflected in the installation of an independent organizational unit, which reports directly to the Board of Directors.

Protocols

Fortress Bank follows and implements the following protocols. Please click on the following links to read our compliance protocols: