Rules and Terms

Measures against Money Laundering and Terrorist Financing

It is Arion Bank's policy to combat money laundering and the financing of terrorism and to prevent the misuse of the Bank's services and operations for such purposes. The Bank implements and upholds both domestic and internationally recognized standards in this regard, including those issued by the FATF and the EU. The objective of the rules is to prevent the abuse of the Bank’s services for the purpose of money laundering or terrorist financing.

AML Information for Financial Institutions

Rules on measures against Money Laundering and Terrorist Financing
US Patriot Act Certification - Arion Bank
Wolfsberg Questionnaire

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Keys to responsible decision making

The Bank promotes high ethical standards in its work and is conscious of the fact that its operations affect different stakeholders and society at large. The code of ethics is designed to serve as a key to responsible decision-making at Arion Bank.

The code of ethics is applied by the Board of Directors, the Bank's management, and other employees of the Bank. It is the responsibility of the CEO to make sure that the code is adhered to. The code is reviewed annually and confirmed by the Board of Directors.

  1. We respect different points of view
    We take a critical approach and respect different points of view. We believe that critical debate lays the foundations for good decisions.
  2. We take responsibility for our actions and environment
    We know our role and take responsibility for our projects and decisions. We define our role and area of responsibilities broadly and ensure that no projects are overlooked.
  3. We obey the rules
    Our decisions and actions are in compliance with law and regulations. Any uncertainty in this context should be eliminated as far as is possible. We follow our own rules of procedure and improve them if necessary.
  4. We protect different interests
    We protect the interests of all the Bank's stakeholders in the long term, i.e. customers, creditors, shareholders, the community and employees. We endeavor to identify and prevent or manage any conflicts of interest, and to inform our stakeholders of any potential conflicts of interest which cannot be managed with reasonable confidence.
  5. We can provide rationale for all our decisions
    Our decisions are based on the merits of each individual case and we can provide stakeholders, i.e. customers, creditors, owners, the community and employees, with rationale for our decisions.

Code of conduct for suppliers

Code of conduct for suppliers