If the Customer or beneficial owner is a politically exposed person, a family member of a politically exposed person, or a person considered to be a close associate of a politically exposed person, the following diligence measures are implemented in addition to the regular due diligence measures:
If a politically exposed person no longer fulfils important public law functions, the risks still associated with the person are taken into account for at least 12 months and appropriate measures, depending on the risk sensitivity, are applied until it is sure that the risks inherent in politically exposed persons are no longer present with the Customer. The application of the due diligence measures specified in this clause is not necessary with politically exposed persons, their family members, or close associates if there are no other circumstances indicating a higher risk than usual.
In response to specific American laws, restrictions imposed by institutions issuing financial products, and the internal rules of the bank, Rochester Bank™ reserves the right not to offer it’s services to clients who are citizens, residents or who have any financial interest in the United States, Iran or North Korea. Furthermore, the information on this website is not intended for these clients, and they may not contact Rochester Bank™ on the subject of financial products or services in any other way.
If a bank representative contacts a client while they are located in the United States, Iran or North Korea, the client is required to inform the bank representative of this immediately.
All clients must immediately inform Rochester Bank™ of any change regarding their status in connection with the United States, Iran or North Korea.
Rochester Bank™ currently supports ONLY THE FOLLOWING CURRENCIES : GBP (Pound Sterling), EUR (Euro), RUB (Russian Ruble), CHF (Swiss Franc).
Rochester Bank™ DOES NOT have the option to open accounts in other currencies than the above mentioned ones.
