Bank Secrecy Act (BSA) / Anti-Money Laundering (AML)
and Office of Foreign Assets Control (OFAC) Compliance Statement
Bank Secrecy Act (BSA) / Anti-Money Laundering (AML)
and Office of Foreign Assets Control (OFAC) Compliance Statement
It is the policy of Fulton Financial Corporation (FFC) and each of its affiliate banks and other operating subsidiaries (each an "Affiliate," and collectively, the "Affiliates") to comply with all the federal record keeping and reporting requirements of the Bank Secrecy Act (BSA), USA Patriot Act and the Office of Foreign Asset Control (OFAC) in order to assist U. S. Government Agencies in the detection of illegal activities such as money laundering, terrorist financing, illicit narcotics financing activity, tax evasion and other criminal acts. All FFC and Affiliate employees are charged with adherence to the Bank Secrecy Act Compliance Program and related procedures. All efforts are done to detect possible money laundering or structuring, inconsistent account activity, and unusual funds transfers including any suspicious financial transactions that may be indicative of a violation of federal laws. Evaluating customer due diligence information for high-risk attributes and determination of risk rating. The Regulatory Compliance Officer (BSA AML OFAC) will utilize various reports from information systems and employee referrals in an effort to identify suspicious and possible unlawful activity. The elevated risk ratings will be judgmentally assigned and take into consideration the products, services, types of businesses, types of occupations or professions, counter-parties, projected activity, transactions, trends, and geographic locations that lend themselves more readily to potential money laundering situations or criminal financial acts. Each Officer and Employee is dedicated to achieving the objective of compliance to Bank Secrecy Act (BSA) Anti-Money Laundering (AML) & Office of Foreign Assets Control (OFAC) laws and related regulations; Each Officer and Employee shall assist law enforcement authorities, to the fullest extent allowable by banking laws and regulations, in their efforts to identify terrorists and financial criminals; This institution shall set forth in its Bank Secrecy Act (BSA) Anti-Money Laundering (AML) & Office of Foreign Assets Control (OFAC) Program(s), standard operating procedures and guidelines to ensure compliance to the Bank Secrecy Act (BSA) Anti-Money Laundering (AML) & Office of Foreign Assets Control (OFAC) laws and related regulations. The Board of Directors has approved the BSA/AML/OFAC Compliance Policy and appoints and designates Tony de la Mora to be the BSA AML OFAC Officer who is delegated the responsibility to monitor and ensure adherence to the FFC BSA/AML/OFAC Programs. Tony de la Mora, CFE, CAMS, CFCI One Penn Square Tel: 717.327.2314 SWIFT: FLBKUS33 |