Anti-Money Laundering Policy

Millennium bcp has established internal standards to prevent and detect money laundering and terrorist financing activities within the Group branches and subsidiaries. Millennium bcp is aware that these practices could damage its reputation and stability, as well as the financial system's credibility and public trust.

These standards consider the legal regulation valid and in force in Portugal and are applied to all branches and subsidiaries both in home country and abroad, with the necessary adjustments to local legislation whenever appropriate.

AML/CFT training is provided to all employees. Training modules include identification of suspicious activities and transactions that must be reported to the authorities, examples of different forms of money laundering and/or terrorist financing involving the banking products and services and internal policies to prevent money laundering and financing terrorism. All the relevant documentation is available in the company's intranet.

Millennium bcp's Money Laundering Standards main issues are:

Legal duties on prevention and promptitude regarding money laundering;
Abstention in the accomplishment of suspicious transactions;
Guide Principles - Accomplishment of procedures, duties, terms and other guidance;
Existence of specific Internal Procedures.

In Portugal, the money laundering and financing terrorism prevention are legally regulated through: