Compliance – ensuring compliance with the regulations

Within the compliance risk management process, Bank Millennium considers the following areas to be especially significant:

• preventing money laundering and financing of terrorism,
• ensuring compliance of Bank Millennium’s internal regulations with generally applicable provisions of law and with recommendations formulated by regulatory authorities,
• preventing and managing conflicts of interest,
• observing ethical principles,
• personal transactions,
• protecting confidential information and information subject to professional secrecy,
• monitoring and ensuring compliance with respect to the financial products and services covered by the EU MiFID2 directive.

A report on the functioning of the compliance supervision system is presented quarterly to the Bank’s Management Board and the Supervisory Board’s Audit Committee and annually to the Supervisory Board.

[GRI 419-1] No fines for non-compliance with the law or regulations were imposed on the basis of a legally binding judgment on the Bank in 2019.