CKB Sanction policy
As part of the establishment and maintenance of its relationships and when making its business decisions, the Bank takes into account the embargo-imposing, sanctioning and other restrictivemeasures of international organizations and various states, in particular the applicable provisions of the United Nations Security Council and the European Union.The Bank, furthermore, also takes into consideration the sanctions, prohibitions and restrictions issued by the President of the United States and published by the OFAC office of the US Department of the Treasury. These sanctions are applicable to all natural and legal persons with US status, as well as all financial transactions denominated in USD. In the interest of retaining market position and good reputation, supporting international collaboration and complying with legal regulations, the Bank formulates and shapes regulations as well as day-to-day processes and practice so as to ensure appropriate compliance with sanctions-related obligations and to protect the OTP Group’s goodwill and reputation. To this end, the Bank and the OTP Group apply uniform rules.