BOK International -UAE is an Islamic Bank (Foreign Branch) licensed by the Central bank of the UAE License reference 13/1080/2017 dated 13/08/2017 and by Abu Dhabi Department of Economic Development under Trade License number CN-2300923. The bank Is located at Al Sahil Building, Zayed The First Street, Al Khalidiya, Abu Dhabi, UAE
BOK International UAE has established a Compliance Department with the objective of ensuring that all banking transactions and business activities are conducted in compliance with the UAE Central Bank’s regulations and international legislation, while guaranteeing the adoption of best practices in anti-money laundering and combating terrorism financing.
The Bank is committed to conducting its business with the highest standards of integrity, transparency, and accountability. Our Compliance Policy reflects our dedication to safeguarding our customers, protecting the financial system, and meeting all regulatory obligations in the United Arab Emirates and the jurisdictions in which we operate.
The Rulebook, available on The Central Bank of UAE website, outlines mandatory regulatory standards and compliance requirements
The aim of these laws and guidelines is to combat money laundering and terrorism financing and to establish a legal framework that supports and strengthens the efforts of the relevant authorities in the nation in countering money laundering and related financial crimes. The law also targets the financing of terrorist operations and suspicious organizations, enhancing the UAE’s commitment to international recommendations and treaties.
The UAE is a member of the GCC (Gulf Cooperation Council), which in turn is a member of the Middle East and North Africa Financial Action Task Force (MENAFATF). BOKI commits to meeting the global standards and guidelines in relation to ML, TF and PF issued by the MENA FATF, the Wolfsberg Group; and The Egmont Group.
The Board, Senior Management, and all other staff of the Bank endeavor to maintain and follow the highest standards of ethics and professional conduct at all times while carrying out the Bank’s business activities. The Bank will not accept nor condone any activities or behavior that might in any way conflict with its core values and standards.