Illicit Capital Movements Detection and Prevention

Banco Metropolitano has internal regulations and computer systems in place for detecting potential money laundering operations.

Our staff is constantly upgrading their training in the Know your client policy and there is a compliance officer in each of our branches whose only task is capital movements surveillance.

We have a Committee on Illicit Capital Movements Prevention in place, which comprises managing staff and officers from our bank.

We hope our clients understand all the inconveniences caused when we require them the Sworn Declaration on Funds Origin and Destination and other restrictions, mainly as to limits on cash deposits and withdrawals.

Following, we put at your disposal Banco Central de Cuba’s main regulations as to illicit capital movements control:

- Resolution No. 91 by BCC’s President, “Rule for the members of the national banking system detecting and preventing illicit capital movements”, dated March 19, 1997

- Instruction No.19 by BCC’s Superintendent, “Guidelines for fighting terrorism financing”, dated May 7, 2002

INSTRUCTION No. 19/ 2002