Financial Institutions

Solutions for banks and financial organisations

Preventing money laundering and the financing of terrorism

VTB’s anti money laundering and counter terrorist financing policy (AML/CTF) is developed in line with Federal Law No.115-FL dated 07.08.2001 "Measures to Combat Money Laundering and the Financing of Terrorism" and Bank of Russia recommendations.

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Information for Financial Institutions:

VTB Bank (PJSC) is registered with the U.S. Internal Revenue Service in order to be compliant with Foreign Account Tax Compliance Act (FATCA). VTB Bank (PJSC) Global Intermediary Identification Number (GIIN) is 3FZXN5.00000.LE.643.

VTB hereby informs about the change in tariffs.

The grace period of provision of billing service without additional fee will end on 31.12.2020.

Starting from 01.01.2021 in accordance with VTB Fee Schedule (item 1.12, section 1 of part 2) the new monthly fee will be the following:

for accounts in rubles:

  • RUB 1000 — monthly billing;
  • RUB 3000 — daily billing;

for foreign currency accounts:

  • USD 15 — monthly billing;
  • USD 45 — daily billing.

Starting from 18.01.2021 tariffs for payments in foreign currency in favor of clients (individuals and legal entities) without accounts with VTB will be changed (item 1.6.4, item 1.6.5, section 1 of part 2 of VTB Fee Schedule).

The new fee will be the following:

  • USD 20 for each payment document when specifying the BEN / SHA instruction;
  • 0.1 per cent of the payment amount, minimum USD 15, maximum USD 200 For each payment document when specifying the OUR instruction;
  • USD 35 for each payment document when specifying the FULLPAY instruction.

New tariffs will also be presented in the Fee Schedule:

VTB places a strong emphasis on strengthening business relations with financial institutions. We offer financial institutions a broad range of services, including liquidity management, trade and structured financing, depository services and investment products.

VTB’s correspondent network includes over 2,000 credit institutions from 110 countries. The Bank has an extensive presence in Europe, the CIS, Asia and Africa. This position allows us to offer financial institutions a wide variety of standardized and structured products and services.

Taking advantage of its large branch network and capabilities of the Group’s member banks, VTB annually carries out over 1,500 trade finance transactions on the instructions of its corporate customers and financial institutions.

VTB Bank has been repeatedly ranked best bank for trade finance by major international media outlets, including:

— 2015 — Best Bank in Russia and the CIS, by Global Trade Review;
— 2016 and 2017 — Best Bank in Russia, by Global Finance;
— 2016 — Best Bank in Russia and the CIS, by Trade & Forfaiting Review;
— 2016 — Best Bank in Russia, by International Finance Magazine;
— 2016 — Best Bank in Central Europe and Eastern Europe, by Global Trade Review.