Compliance (control over compliance)
JSC "Ukrainian Bank for Reconstruction and Development" (hereinafter referred to as the Bank) is committed to making compliance the basis of its development. Providing services to our clients in full compliance with the legislation and the highest ethical standards of client protection and transparency of activities are key foundations of the Bank's strategy. The Bank implements and regularly updates its internal procedures in accordance with international and Ukrainian norms and standards.
The Bank's Code of Conduct (Ethics) defines the Bank's core corporate values, outlines the principles of action and behavior that should be followed in relation to the Bank's clients and all stakeholders, including employees, counterparties, government representatives, associations and non-governmental institutions, shareholders and investors.
The Bank unconditionally complies with the current legislation of Ukraine and regulatory legal acts of the National Bank of Ukraine aimed at combating money laundering, terrorist financing and financing of the proliferation of weapons of mass destruction. The Bank pays increased attention to the implementation of correct identification, verification and study of clients. The Bank does not carry out transactions that have signs of risky and fictitious activity, such as lack of economic justification, discrepancy between the transaction and the financial condition of the client, incomplete identification of the client's ultimate owner, tax evasion, capital outflow or legalization of criminal proceeds, illegal conversion of non-cash funds into cash. The Bank has the right to request from its clients all necessary information to confirm the legality of transactions. An attempt by clients to use the Bank's services for prohibited or unusual transactions, or a client's refusal to provide the Bank with the necessary information to confirm the legality of transactions, will lead to a refusal to carry out transactions, closing accounts and any other consequences in accordance with the terms of the concluded agreements, the requirements of the current legislation of Ukraine and the regulatory legal acts of the National Bank of Ukraine.
The Bank strictly complies with the requirements of the legislation of Ukraine on sanctions and does not carry out transactions that are prohibited or restricted by law. The Bank applies a zero-tolerance policy regarding any type of corruption or bribery.
The Bank’s Conflict of Interest Prevention Policy, approved by the Bank’s Supervisory Board, defines the rules applicable to the Bank’s employees in order to avoid situations of conflict of interest. This Policy is aimed at ensuring proper management of the Bank, as well as protecting the interests of the client.
The Bank takes very seriously any event that harms its values, ethical standards and reputation. If you become aware of corrupt or fraudulent actions involving the Bank’s employees, its clients or partners, or any other inappropriate professional behavior of the Bank’s employees, we would be grateful for your detailed confidential (anonymous) report of the following cases:
tel. +38-044-454-27-19
e-mail: whistleblowing@ubrr.com.ua
The Bank's Code of Conduct (Ethics) defines the Bank's core corporate values, outlines the principles of action and behavior that should be followed in relation to the Bank's clients and all stakeholders, including employees, counterparties, government representatives, associations and non-governmental institutions, shareholders and investors.
The Bank unconditionally complies with the current legislation of Ukraine and regulatory legal acts of the National Bank of Ukraine aimed at combating money laundering, terrorist financing and financing of the proliferation of weapons of mass destruction. The Bank pays increased attention to the implementation of correct identification, verification and study of clients. The Bank does not carry out transactions that have signs of risky and fictitious activity, such as lack of economic justification, discrepancy between the transaction and the financial condition of the client, incomplete identification of the client's ultimate owner, tax evasion, capital outflow or legalization of criminal proceeds, illegal conversion of non-cash funds into cash. The Bank has the right to request from its clients all necessary information to confirm the legality of transactions. An attempt by clients to use the Bank's services for prohibited or unusual transactions, or a client's refusal to provide the Bank with the necessary information to confirm the legality of transactions, will lead to a refusal to carry out transactions, closing accounts and any other consequences in accordance with the terms of the concluded agreements, the requirements of the current legislation of Ukraine and the regulatory legal acts of the National Bank of Ukraine.
The Bank strictly complies with the requirements of the legislation of Ukraine on sanctions and does not carry out transactions that are prohibited or restricted by law. The Bank applies a zero-tolerance policy regarding any type of corruption or bribery.
The Bank’s Conflict of Interest Prevention Policy, approved by the Bank’s Supervisory Board, defines the rules applicable to the Bank’s employees in order to avoid situations of conflict of interest. This Policy is aimed at ensuring proper management of the Bank, as well as protecting the interests of the client.
The Bank takes very seriously any event that harms its values, ethical standards and reputation. If you become aware of corrupt or fraudulent actions involving the Bank’s employees, its clients or partners, or any other inappropriate professional behavior of the Bank’s employees, we would be grateful for your detailed confidential (anonymous) report of the following cases:
tel. +38-044-454-27-19
e-mail: whistleblowing@ubrr.com.ua