Dear Valued Customer,
We will be adding Part J Sanctions Compliance Statement in our "Terms and Conditions Governing Accounts” with effect from 20 April 2023. Details as follows:
Part J. Sanctions Compliance Statement
Bank of China Limited, Singapore Branch (“BOC”) is committed to complying with the sanctions laws and regulations (“sanctions laws”) of the United Nations, Singapore, China, United States and the European Union.
Under the sanctions laws, individuals and entities are prohibited from entering into financial transactions or provide financial assistance or services in relation to sanctioned individuals, entities or activities, as non-compliance with relevant sanction laws may result in civil or criminal liability leading to fines, imprisonment or both.
BOC will not open accounts, continue customer relationships, provide products or services, execute or facilitate transactions (directly or indirectly) or engage in any activity involving sanctioned individuals, entities, countries, regions or territories that risk violating the relevant sanctions laws.
By applying for products and services and by continuing a banking relationship with BOC, you represent and warrant that at all times, you are not the subject of any sanctions laws and shall not use BOC, its products or services for the benefit of sanctioned individuals, entities, vessels, countries, regions or territories.
We will take appropriate measures should the business relationships result in a risk to BOC.
If you have any queries, please contact our 24-Hour Customer Service Hotline at 1800 66 95566 (local) or +65 677 95566 (overseas).
Bank of China Limited Singapore Branch
20 March 2023
