In the process of self-liquidation of "ABLV Bank", the audit company "EY & # 39; will be led by the Polish office

Photo: Reuters / Scanpix / LETA

The "EY" International Team will develop, implement and monitor ABLV Bank's credit compliance process. The EY team will be led by the Polish office of EY.

The liquidators of the liquidators of ABLV Bank have appointed EY (formerly Ernst & Young) as an independent consultant to establish a methodology for compliance with the requirements of the fight against money laundering. money for the treatment of creditors' funds of the bank. The EY International team will also badist in the implementation and monitoring of this methodology to prevent the potential for money laundering or circumvention of sanctions.

The EY team will have a team of international experts from the United States and Europe. issues related to global financial institutions, particularly the Know Your Customer (KYC), Money Laundering (LBC), International Succession (IS) and Terrorist Financing Prevention (CTF) procedures. [19659005] The ABLV reverse charge process under the supervision of the Financial Markets and Capital Commission (FCMC) is managed by an approved liquidation team. "EY" will be managed by the Polish office "EY"

"EY" participates in the development of the ABLV Bank methodology since May 2018, in close collaboration with the liquidators FKTK and ABLV Bank in the implementation of this project [19659007]. ] [ad_2]
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