andbanc / Private Bankers

COMPLIANCE / AML

 
ANTI MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING

• STATEMENT ON ANTIMONEY-LAUNDERING CORPORATE POLICIES  
• AML WOLFSBERG QUESTIONNAIRE 

 

USA Patriot Act

• USA PATRIOT ACT CERTIFICATE 

 

MIFID

 According to the European Parliament and Council Directive 204/39/17, the 21st April 2004, on markets of financial instruments (MiFID), we make available to our customers relevant information on the Entity and the different services and financial instruments.


CRS 

CRS is a system of automatic exchange of tax information between countries allowing Tax Administrations of the countries that are adhered to obtain the annual tax information related to investments or positions that it’s tax residents have made in financial institutions located abroad (outside the country where they are tax residents).

 

On November the 30th, the Principality of Andorra has adopted the Law 9/2016, regarding the automated information exchange in tax matters, which sets out the principles established by the OECD for the Common Reporting Standard (CRS), included in the Convention on Mutual Administrative Assistance (CMAA) in Tax Matters, related to the automatic exchange between competent authorities of the Member territories on certain tax information. The law is published on the official website of the Butlletí Oficial del Principat d'Andorra (BOPA) (www.bopa.ad).

This law implies that all financial institutions are obliged - by law - to communicate to their respective competent authorities (in the case of the Principality of Andorra the communication is made to the Department of tributes and borders) certain personal and fiscal information regarding the accounts of non-resident clients.