Global Certification Of Anti-Money Laundering Program & Customer Identification Program

Republic Bank (Guyana) Limited represents that it is registered in accordance with the Banking Act of Guyana Chapter 85: 01 which was repealed and replaced by the Financial Institution Act numbered 1 of 1995, Section 3 and regulated by the Bank of Guyana (Central Bank) and subject to the Anti-Money Laundering program requirements of sections 12 and 13 of the Money Laundering (Prevention) Act 2000.

As such, Republic Bank (Guyana) Limited has appointed a Compliance Officer; developed policies, procedures and controls designed to guard against money laundering; instituted an ongoing training program; and provided for the Independent auditing of the program.

As part of its Anti-Money laundering Program, Republic Bank (Guyana) Limited has a Customer Identification program that requires, at a minimum, the collection of the following identifying information from its customers when new accounts are opened: name; date of birth (for an individual); address; and identification number. Republic Bank (Guyana) Limited maintains records of the information supplied for at least five (5) years.

Republic Bank (Guyana) Limited receives a government list of known or suspected terrorist or terrorist organizations quarterly and same is compared to our client database.

Republic Bank (Guyana) Limited hereby certifies that it has implemented its Anti-Money Laundering Program, required by sections 12 and 13 of the Money Laundering (Prevention) Act 2000 and that it has incorporated the Customer Identification Program into our core requirements.

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