Information regarding Deontrust and anti-money laundering policies and
procedures.
Deontrust is fully committed to remaining constantly vigilant
to prevent the use of our products and services by those who would abuse them.
The following is for use by any financial institution seeking information about
Anti-money
Laundering or Know Your Customer programs at Deontrust ("the Bank").
We are a full-service commercial bank. We originate commercial, small business, and
consumer
loans and leases, marine and recreational vehicle loans, and offer a range of other
individual
and commercial banking, trust, and investment products. Additional products are offered
through
our subsidiary: BancWest Investment Services offers investment products. We currently
operate
physical branch locations in 19 states in the USA: Arizona, California, Colorado, Idaho,
Iowa,
Kansas, Minnesota, Missouri, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma,
Oregon, South
Dakota, Utah, Washington, Wisconsin, and Wyoming.
We are subject to the anti-money laundering laws and
regulations
of the USA. The Bank Secrecy Act (BSA) and the USA PATRIOT Act are the primary
regulations in
the USA designed to prevent money laundering. In accordance with these regulations,
we have
established:
- A written Bank Secrecy Act/Anti-money Laundering Program that is reviewed and
approved
annually by our Board of Directors and is subject to review by our federal
regulators
- Written policies and procedures designed to combat money laundering and
terrorist financing
- A written Customer Identification Program (CIP) whereby new customers are
identified prior
to inception of a business relationship
- Written policies and procedures designed to ensure compliance with sanctions
administered by
the U.S. Office of Foreign Assets Control (OFAC)
- An employee training program to educate employees about money laundering and
terrorist
financing crimes, to assist them in identifying suspicious activities
- Procedures for monitoring accounts and transactions for suspicious activities,
and for
filing reports with the appropriate authorities if suspicious or structured
activity is
detected
- An independent audit review function to test the adequacy of our anti-money
laundering
policies and procedures on an annual basis
- A BSA Officer, who is appointed by our Board of Directors and is responsible for
the
oversight of our anti-money laundering program
- The Bank's anti-money laundering policies and procedures apply to all of our
branches and
subsidiaries.
