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.

Starting from January 1, 2022 VTB Bank changes the following Fees and Commissions:

  1. maintenance of an account in foreign currency (except euro) under the uniform terms of accession to the Rules for opening and maintaining correspondent accounts in the VTB Bank (PJSC) Head Office. The fee will be charged monthly in the amount of USD 100.
  2. responses to client`s queries about its accounts and operations, including the queries related to audit purposes. The fee will be charged in the amount of USD 200 per query (VAT is not included). In the absence of payment, Bank has the right to refuse to provide the service.
  3. service under the agreement on arranging of a protected channel for exchange of electronic messages. The fee will be charged monthly in the amount of RUB 1000. Please pay attention to the change in the frequency of charging this commission.

The new fees and commissions are available in VTB Fee Schedule in the section for Financial Institutions/ Settlements.

Recommended banks for payments in foreign currency

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.