Bank Hapoalim (Switzerland) Ltd is committed to the highest standards of compliance with legal, regulatory and internal requirements in the combat of money laundering and the financing of terrorism.
Switzerland as a member country of the Financial Action Task Force (FATF) has enacted laws and regulations designed to detect and prevent money laundering and potential terrorist financing.
Bank Hapoalim (Switzerland) Ltd has implemented clear and strict policies and procedures in the fight against money laundering and the financing of terrorism. These include a regular training for employees, the designation of an anti-money laundering officer and the operation of an electronic monitoring system to detect potential suspicious transactions. If signs of criminal activity are suspected in the course of a customer relationship this will be reported by Bank Hapoalim (Switzerland) Ltd to the competent authority in accordance with applicable law.
