Luso International Banking Limited (Luso Bank) has established in Macau since 1974 and is supervised by The Monetary Authority of Macao (AMCM).
Luso Bank and its branches, affiliates (collectively referred to hereinafter as "Luso Bank") are firmly committed to participating in international efforts to combat money laundering and the funding of terrorist and criminal activities.
Luso Bank has implemented an Anti-Money Laundering (AML) program that is designed to comply with certain required Macau AML rules as a minimum standard throughout the bank as well as with all local laws, regulations, and guidance relating to the prevention of money laundering, terrorist financing, and related financial crimes. The AML-program includes written policies and procedures, a designated AML-Officer, regular training for relevant employees, and an independent audit to test the implementation of the program.
As part of its Anti-Money Laundering and Anti-Terrorist compliance efforts, Luso Bank takes steps to ensure that it complies with any and all embargo regulations applicable in the jurisdiction in which any respective branch or office is domiciled. The Bank maintains lists that are compiled on the basis of multiple sources, including the UN, US, EU, and the Office of Foreign Assets Control (OFAC) etc.
Luso Bank uses its best efforts to ensure compliance with these prohibitions and restrictions and to detect suspicious activities. Depending on the jurisdiction and business line, Luso Bank operates technical systems and/or manual monitoring systems to detect potential suspicious activities. Any such suspicious activities detected are reported to Financial Intelligence Office in Macao SAR in accordance with applicable local laws.
If you have any questions or require additional information regarding Luso Bank’s Anti-Money Laundering efforts, please do not hesitate to contact our FI team.
For other information:
Wolfsberg Questionnaire last update on: 18 th Jan, 2017
USA Patriot Act Certification last update on: 22th April, 2016
W-8BEN-E Form last update on: 19 th July, 2017
SSI for Bonds Info last update on: Aug, 2017
SSI for FX、MM&DERIVATIVE last update on: June,2018