Regulatory Compliance

You are also part of prevention

Know the risks linked to Money Laundering and Terrorist and Proliferation Financing (AML/CFT/CPF)

When using your financial products and services, it is fundamental that you verify the identity of the people or entities with whom you conduct business operations. Not doing so exposes you to Money Laundering (AML), Terrorist Financing (CFT), and Proliferation Financing (CPF) risks. You must avoid:

Data theft for illicit access: be careful with phone calls, emails, or fraudulent websites attempting to obtain your banking details.
Fraud and scams: when buying products and services online, always verify the legitimacy of sellers to avoid being a victim of fraud.
Computer or cyber crimes: mistrust WhatsApp messages, SMS, or websites with fake contests or promotions that impersonate a known company or entity.

Use digital platforms with caution

Avoid performing operations through digital platforms not certified by the CBCS.

It could expose you to AML/CFT/CPF risks, as they do not allow you to know the origin or destination of funds. This includes:

Companies outsourcing services without permits: beware of companies acting as intermediaries or concentrating accounts without due authorization from competent authorities.
Purchase or sale of foreign currency outside regulated financial institutions.
Cryptocurrency trading with third parties not authorized by the CBCS.
Online casinos or betting agencies that do not have the required licenses.

Recommendations to prevent AML/CFT/CPF

By following these recommendations, you allow us to protect you and protect the bank.

Keep your contact details updated: ensure your phone number and email are always up to date to receive real-time notifications about your operations.
Collaborate with Due Diligence (CDD): when opening an account or updating your data, provide your financial advisor with all necessary information and documentation. This includes your ID, address, economic activity, and other data allowing the bank to apply the Know Your Customer (KYC) policy. Remember that, according to CBCS regulations, the identification of Venezuelan and high-risk clients requires special attention.
Comply with security measures: use the bank's products, services, and digital channels securely.
Do not allow third-party use of your account: prevent other people from using your account to perform operations whose origin or destination you do not know.

Data update form

Learn more about AML/CFT/CPF
Prevention and Control

At Banco Provincial Overseas, N.V., we rigorously comply with the Curaçao legal framework, including provisions and guidelines on the fight against Money Laundering and Terrorist and Proliferation Financing (AML/CFT/CPF) issued by the Centrale Bank van Curaçao en Sint Maarten (CBCS). Our goal is to effectively apply Customer Due Diligence (CDD) to minimize AML/CFT/CPF risks.

Help us prevent these crimes by complying with the following:

Provide complete and truthful information: when requesting an account opening, it is crucial that you provide your manager with all the information and documentation required by current regulations so that we can reasonably verify your identity.
Keep your data updated: information for your Customer Identification File must be updated at all times.
Readable documents: documents in your file must be legible and contain no erasures or amendments. This is especially relevant for non-resident clients, for whom copies of identity documents are required to be high quality and certified.
Information on the origin of funds: the bank must obtain and document information regarding the purpose and nature of the business relationship. For high-risk clients, it is mandatory to submit a sworn declaration of the origin of funds with supporting documentation, as a simple declaration of "investment" or "inheritance" is not sufficient.

How we protect and comply

Security
tips

We are BBVA Curaçao