Declaration on combating money laundering / USA Patriot Act
NORD/LB Luxembourg Covered Bond Bank is licensed as a credit institution in accordance with Luxembourg law and is subject to the supervision of the Commission de Surveillance du Secteur Financier (CSSF).
Luxembourg is member of the Financial Action Task Force (FATF).
Patriot Act
NORD/LB Luxembourg Covered Bond Bank confirms that she is not a shell bank (a bank that has no physical presence and is not affiliated to a “regulated financial group”) pursuant to the USA Patriot Act and that the bank maintain no business relationships with shell banks. NORD/LB Luxembourg Covered Bond Bank accounts held with correspondent banks are also not used for the provision of services for shell banks.
Wolfsberg Questionnaire
The proceedings of the Wolfsberg Group aim at promoting and facilitating the transparency of international transactions. As an active anti-money laundering and anti-corruption measure, it also supports self-protection of banks and institutions. NORD/LB Luxembourg Covered Bond Bank publishes the Wolfsberg Questionnaire on a yearly basis. It serves as an instrument for the internal review of the preventive measures against violation in financial institutions and gives a transparent disclosure of the due diligence framework.
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