Annual Report of Euram Bank 2019

eurambank

A N N U A L R E P O R T 2 0 1 9

Reputational risk:

Risk control is effected through a comprehensive due diligence process within the scope of account

opening as well as through permanent monitoring of all customer activities using the automatic

AML platform “kdprevent”, linked up with World Check databases. kdprevent, an analytical software

solution for the prevention of money laundering, white-collar crime and the financing of terrorism

allows for the recognition of unusual, unexpected and suspicious transactions on the part of

customers. Significant suspicious facts (based on the risk analysis effected by Euram Bank) will

automatically trigger an alert at previously defined contact points.

Vienna, 27 March 2020

The Managing Board

Manfred Huber Johannes Langer Josef Leckel

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