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Compliance

Aresbank is licensed by Bank of Spain to operate as full credit Institution in Spain. As such, the bank is subject to all regulations and laws issued by the regulator and also the Banking regulations issued by the European Central Bank.

The Compliance team in the bank, part of the legal Department, ensures compliance with all applicable laws, rules and regulations. The compliance team generally has a wide range of roles and responsibilities within the financial institution. These duties range from monitoring Business activity, preventing conflicts of interest and ensuring compliance with regulations for preventing money laundering and potential tax evasion. The bank automated systems use updated watch lists to identity persons and companies in order to prevent money laundering and stop suspicious activities.
 

 

Aresbank Compliance Documents

  • Anti-money Laundering and Terrorist Financing Statement (Download)
  • The WOLFSBERG CORRESPONDENT BANKING DUE DILIGENCE QUESTIONNAIRE (CBDDQ)_V1.2_2019 (Download)
  • USA PATRIOT Act Certification-Aresbank (Download)
 

 

FATCA

Aresbank has completed the registration with FATCA in April 2014. ARESBANK is FATCA Compliant. The Bank's GIIN entry on IRS's FATCA Foreign Financial Institution (FFI) List is EH5XW2.00008.ME.724 (Look up)

 

Regulatory Reports to Bank of Spain

  • CIRBE – Reporting of all exposures granted to every new obligor by residential status and type of facilities granted
  • Review the Pillar I – Capital Adequacy Calculation for Credit, Market and Operational Risk
  • Pillar II reporting
  • Pillar III market Disclosures
  • Annual ICAAP report

 

Clients Download Forms 

 

You have here at your disposal for download the forms you may need to complete and submit to Aresbank as required. Please click on download to get the specific form. Complete and Print. 

Individuals/Non-Financial Institutions Financial Institutions

Know Your Customer (KYC) form for Individuals (Download)

Know Your Customer (KYC) form for Individuals (Download)

 FATCA-CRS Self-certification for Individuals (Download)

 
Know Your Customer (KYC) form for Non-Financial Institutions (Download) CERTIFICATION FOR ANTI-MONEY LAUNDERING PURPOSES ON THE USE OF VOSTRO ACCOUNTS HELD AT ARESBANK BY THE CORRESPONDENT BANK form (Download)
FATCA-CRS Self-certification for entities accounts (Download)  
Authorization To Receive Client Instructions Via Fax Or Email And Agreement To Release From Indemnities (Download) The WOLFSBERG CORRESPONDENT BANKING DUE DILIGENCE QUESTIONNAIRE (CBDDQ)_V1.2_2019 (Download)
FISCAL RESIDENCE STATEMENT (Download)