Internal control division

VTB Internal Control

The internal control system comprises a number of bodies that collectively ensure that VTB complies with Russian law and the Bank’s own internal regulations.

Internal control aims to ensure:

  • the economic efficiency of the Bank’s transactions and other deals, as well as efficient asset and liability management;
  • accurate, complete, objective and timely preparation and submission of financial, accounting, statistical and other reporting, as well as information security;
  • compliance with regulations and standards for self-regulating organizations (or professional participants of the securities market), as well as VTB Bank legal documents and internal regulations;
  • that VTB Bank is not involved in any illegal activity, including legalization of the proceeds of crime and funding of terrorism.

The main aim of internal control is to support consistent and efficient business operations by the Bank’s executive governing bodies and heads of business units.