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>OPERATING FRAMEWORK>Preventing and Combating Money Laundering and Terrorist Financing

Preventing and Combating Money
Laundering and Terrorist Financing

At Cepal Hellas, we take all appropriate measures for the transparency of transactions with clients and borrowers and we apply all the necessary policies and procedures to prevent and combat Money Laundering and Terrorist Financing, ensuring the financial system’s safety from the risks they pose. In this respect, we are in full compliance with the L. 4557/2018 and the Act no 281/17.03.2009 of the Banking and Credit Matters Committee of the Bank of Greece, as in force, as well as any Directives and Regulations of the European Union, but also circulars and recommendations adopted by International Organisations for that purpose.

Necessary Documentation for the Client’s Identification/Verification

Cepal Hellas, as a company specialized in the servicing of receivables arising from loans and credits that is responsible for complying with the legal and regulatory framework for the prevention of Money Laundering and Terrorist Financing, in the context of its business activities with its clients, is obliged to take the necessary due diligence measures, in order to, inter alia, certify and verify its client’s identity and income based on documents, data, or information from a reliable and independent source. When the client acts through an authorized representative, Cepal Hellas is obliged to certify and verify the identity of this person, as well as his/her credentials.

 

In this context, if you wish to continue your business relationship with Cepal Hellas, please submit or send us the following necessary original or certified by a Competent Authority documentation, as dictated by the needs of your case, to our registered office, 209-211 Syggrou Avenue, 17121, Nea Smyrni.

LIST OF DOCUMENTS FOR INDIVIDUALS AND LEGAL ENTITIES

In the event that your data held in our records is not up to date, we are obliged to periodically verify and update it by requesting relevant copies of the respective documents. 

Taking into account the specificity of each transaction, the information and documents we will ask you to provide in order to verify and authenticate your identity and financial situation may vary. Consequently, you may be asked for additional details and information, such as: 

 

  • Income tax statements, invoices, ownership titles, lease agreements or sale and transfer agreements;
  • information on the scope and purpose of your business relationship with Cepal Hellas;
  • Information about your financial and transactional profile;
  • Other documents

Your personal data is being processed by Cepal Hellas, in accordance with the applicable legal framework, for the sole purpose of preventing and combating Money Laundering and Terrorist Financing and may not be used or processed for other purposes. 

 

For more information regarding the processing and retention period of your personal data, please refer to the Data Protection Policy that has been adopted and is being applied by Cepal Hellas.