Money Transfer

    ALLEURUSD
1   Outgoing transfer    Within CBA FREE FREE FREE
To other banks   (1 day V.D) (2 day V.D) (2 day V.D)
CBA clients 500 for amounts
less than 1,500,000
0.2%
(Min 10 - Max 200)
0.2%
(Min 10 - Max 200)
Non CBA clients 1,500 for amounts
1,500,000 and above
0.25%
(Min 15 - Max 250)
0.25%
(Min 15 - Max 250)
Preferential clients N/A 0.15%
(Min 5 - Max 150)
0.15%
(Min 5 - Max 150)
To other banks
(Ekspres V.D)
As per approval
of the Treasury
Department
CBA clients Normal charge + 1000 0.25%
(Min 15- Max 300)
0.25%
(Min 15- Max 300)
Non CBA clients Normal charge + 1000 0.30%
(Min 20- Max 300)
0.30%
(Min 20- Max 300)
SWIFT* N/A 10 10
2Incoming transfer in FREE 0.1%
(Min 10 - Max 50)
0.1%
(Min 10 - Max 50)
Non CBA clients FREE 0.2%
(Min 10 - Max 70)
0.2%
(Min 10 - Max 70)
Transfer return commision (Min 500 – Max 1500) 20 20
When the commissions are OUR the minimum of charges we request from ordering bank: N/A 20 20
*Note: When the commissions are OUR the ordering customer will pay the correspondent bank charges and the beneficiary bank charges

 

 

CBA

Banka e Kreditit te Shqiperise

Financial institution name: Banka e Kreditit te Shqiperise

Location: Str. “Perlat Rexhepi”, Al-Kharafi building, Tirana, Albania

Anti-Money laundering questionnare
If you answer "NO" to any question, additional information can be supplied at the end of the questionnaire.

 I. General AML Policies, Practices and Procedures:

Yes  No

Is the AML compliance program approved by the FI’s board or a senior committee?

Yes  

Does the FI have a legal and regulatory compliance program that includes a designated officer that is responsible for coordinating and overseeing the AML framework?

Yes  

Has the FI developed written policies documenting the processes that they have in place to prevent, detect and report suspicious transactions?

Yes  

In addition to inspections by the government supervisors/regulators, does the FI client have an internal audit function or other independent third party that assesses AML policies and practices on a regular basis?

Yes  

Does the FI have a policy prohibiting accounts/relationships with shell banks? (A shell bank is defined as a bank incorporated in a jurisdiction in which it has no physical presence and which is unaffiliated with a regulated financial group.)

Yes  

Does the FI have policies to reasonably ensure that they will not conduct transactions with or on behalf of shell banks through any of its accounts or products?

Yes  

Does the FI have policies covering relationships with Politically Exposed Persons (PEP’s), their family and close associates?

Yes  

Does the FI have record retention procedures that comply with applicable law?

Yes  

Are the FI’s AML policies and practices being applied to all branches and subsidiaries of the FI both in the home country and in locations outside of that jurisdiction?

Yes  

II. Risk Assessment

Does the FI have a risk-based assessment of its customer base and their transactions?

Yes  

Does the FI determine the appropriate level of enhanced due diligence necessary for those categories of customers and transactions that the FI has reason to believe pose a heightened risk of illicit activities at or through the FI?

Yes  

 III. Know Your Customer, Due Diligence and Enhanced Due Diligence

Has the FI implemented processes for the identification of those customers on whose behalf it maintains or operates accounts or conducts transactions?

Yes  

Does the FI have a requirement to collect information regarding its customers’ business activities?

Yes  

Does the FI assess its FI customers’ AML policies or practices?

Yes  

Does the FI have a process to review and, where appropriate, update customer information relating to high risk client information?

Yes  

Does the FI have procedures to establish a record for each new customer noting their respective identification documents and ‘Know Your Customer’ information?

Yes  

Does the FI complete a risk-based assessment to understand the normal and expected transactions of its customers?

Yes

 

 IV. Reportable Transactions and Prevention and Detection of Transactions with Illegally Obtained Funds

   

Does the FI have policies or practices for the identification and reporting of transactions that are required to be reported to the authorities?

Yes  

Where cash transaction reporting is mandatory, does the FI have procedures to identify transactions structured to avoid such obligations?

Yes  

Does the FI screen customers and transactions against lists of persons, entities or countries issued by government/competent authorities?

Yes  

Does the FI have policies to reasonably ensure that it only operates with correspondent banks that possess licenses to operate in their countries of origin?

Yes  

V. AML Training

   

Does the FI provide AML training to relevant employees that includes:

    • Identification and reporting of transactions that must be reported to government authorities.
    • Examples of different forms of money laundering involving the FI's products and services.
    • Internal policies to prevent money laundering.
Yes  

Does the FI retain records of its training sessions including attendance records and relevant training materials used?

Yes  

Does the FI communicate new AML related laws or changes to existing AML related policies or practices to relevant employees?

Yes  

Does the FI employ third parties to carry out some of the functions of the FI?

No  

If the answer to question 26 is yes, does the FI provide AML training to relevant third parties that includes:

    • Identification and reporting of transactions that must be reported to government authorities.
    • Examples of different forms of money laundering involving the FI's products and services.
    • Internal policies to prevent money laundering.

 

N/A

 
     

 

 

Name: Zahira Palushi
Title: Compliance Officer
Signature:  
Date: 08 February 2013