In its business approach, as a transparent and socially responsible banking group, ProCredit is firmly committed to participating in international efforts to prevent money laundering, terrorism financing, and other activities punishable by law.

ProCredit Holding, the parent company of the ProCredit group, is located in Frankfurt am Main, Germany, and is supervised by the German Federal Financial Supervisory Authority (BaFin). BaFin applies EU anti‑money laundering directives and international standards, and is a member of the Basel Committee on Banking Supervision.

All ProCredit institutions comply with the highest standards of anti‑money laundering (AML). The AML Programme is designed and monitored by ProCredit Holding according to German legislation and international standards. In addition, all ProCredit institutions comply with the local laws and regulations of the countries in which they operate.

• Appointment of an AML specialist: each ProCredit bank has a specialist responsible for reporting to the Management Board and to the Group AML specialist.
• Enhanced due diligence procedures: strict application of “Know Your Customer” (KYC) and “Know Your Correspondent”.
• Staff training: regular training sessions for all employees, complemented by distance learning programmes to maintain AML awareness.
• Customer classification: assessment of risks related to money laundering and terrorism financing, and application of appropriate procedures.
• Transaction monitoring: group‑wide IT monitoring system, compliance with national and international sanctions and embargoes.
• Reporting suspicious activities: reports submitted to local Financial Intelligence Units and to the Group AML specialist.
• Accounts and record‑keeping: no anonymous or fictitious accounts are held; strict adherence to record‑keeping and archiving requirements.
• Annual audit: all ProCredit banks and ProCredit Holding undergo an annual compliance audit.

When opening an account or initiating any other business relationship with a new client, ProCredit banks record and verify all information required for customer identification, whether the client is an individual or a legal entity. Employees request the client’s name, address, date of birth and other relevant data, as well as identity documents. In addition, questions are asked about the ultimate beneficial owner and the source of funds.

In accordance with the U.S. PATRIOT Act and the final rules issued by the U.S. Department of the Treasury, ProCredit banks may provide a certificate of compliance with this act upon request. For additional information, please contact: compliance@procredit-holding.com