Bank Secrecy Act/Anti-Money Laundering Policy
Our commitment to the Bank Secrecy Act
IDB Bank has committed substantial resources to create a robust, compliance program and to enhance our existing policies and procedures. As required by the USA PATRIOT Act and other legislation, our compliance program includes a designated BSA/AML Compliance Officer, focused employee training, and independent audits to test the program. These internal controls will assist IDB Bank in detecting and reporting suspicious transactions to the government.
The regulations require us to know our clients. IDB Bank is dedicated to providing our clients with first-rate, quality service and exceptional, personalized attention. In line with this, we may ask clients for additional information and documentation about certain accounts and transactions from time to time.
We will continue to enhance our internal controls and processes to keep current with the latest rules and regulations. IDB Bank's customers can take added comfort in conducting their business with us.