Ak Bars Bank is striving to strengthen its reputation in international financial markets, by building strong business relationships with foreign financial institutions.
Ak Bars continuously supports its relationship with current and potential partners in order to attract international investments to the growing markets of the Republic of Tatarstan and the Russian Federation.
Ak Bars Bank’s active co-operation with foreign financial institutions, alongside its policy of transparency, fosters its active involvement in international business and promotes a better understanding by its clients.
The Corporate Compliance program at Ak Bars Bank is at the heart of its corporate culture. The bank ensures an effective compliance operation and strives to develop a corporate culture adhering to the standards of reliability and integrity.
The Board of Management of Ak Bars Bank ensures compliance with applicable legal frameworks, rules and standards, at all levels of corporate management and corporate culture.
Ensuring compliance with applicable laws, rules and standards covered by the Corporate Compliance program, guarantees that the Bank adheres to pertinent codes of behavior in organized markets and follows established standards regarding management of conflicts of interest, fair treatment of clients and assured integrity while advising our clients.
Ak Bars Bank Compliance Office was established in order to assist the Board of Management of Ak Bars Bank in compliance risk management, and to develop and execute various activities aimed at minimizing such risks. The office follows a number of principles in its work:
The effective functioning of compliance programs and the achievement of compliance risk management objectives is based on the application of basic principles expressed in the Bank’s internal policies, rules and regulations. The following guidelines and the list of applicable documents are an integral part of the Bank’s compliance operations:
In its activities, the Bank adheres to the following corporate and professional values:
The Bank constantly monitors its compliance with the corporate governance code, and ensures adherence to its corporate values.
Bank employees, members of the management team and other persons directly involved in the activities of the Bank including, those whose actions may impact Bank operations, should seek to avoid conflicts of interest by, among other safeguards, not performing activities that involve or could lead to such conflict.
In order to prevent conflicts of interest parties should:
The Bank has developed regulations on transactions related to Ak Bars Bank entities, related parties, and large transactions, in order to increase control over risks related to such dealings.
In order to prevent manipulation of securities’ market prices by the Bank and its clients, the Bank has developed and approved a List of measures aimed at preventing price manipulation by Ak Bars Bank and its clients.
The Bank, in its capacity as a professional participant in the securities market, and its clients, owners of the securities, are not permitted, with respect to securities admitted for trading on the stock exchanges and/or other stock market trading platforms, to manipulate market prices or to compel others to purchase or sell securities by providing deliberately distorted information about securities, issuers of securities or securities prices, including information provided in promotional materials.
The Bank has developed and adopted a List of measures aimed at preventing unauthorized use of insider information while operating in the securities market, in order to prevent unsanctioned usage of insider information at the Bank while operating in the securities market.
The Bank ensures compliance with all legal requirements and is committed to abiding by the best security practices in regards to information about the Bank’s clients and their operations, and observing best practices in personal data storage and processing.