Anti-Money Laundering

KYC (Know Your Customer)

We, the Volksbank in Ostwestfalen eG, are a cooperative bank which is supervised by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungen – BaFin: www.bafin.de).

​We will comply with FATCA registration requirements (GIIN: FZGEYP.99999.SL.276).

Pursuant to the USA PATRIOT Act and final rules issued by the U.S. Department of Treasury, a U.S. bank (“Covered Financial Institution”) is required to obtain certain information from any “Foreign Bank” that maintains a correspondent account with it.
As permitted by the final rules, Volksbank in Ostwestfalen eG has prepared a Global Certification for use by any financial institution that believes it requires this Patriot Act Certificate.

Because of the fusion between the Volksbank Herford-Mindener Land eG and the Volksbank Bielefeld-Gütersloh eG, our institution now named as Volksbank in Ostwestfalen eG.
For the fiscal year 2023, this means the year before the fusion, you find the annual reports for both institutions.

To get more information about our institution, please see our current annual reports:

AML (Anti-Money Laundering)

We like to provide an overview of our anti-money laundering practices and give you the possibility to see our AML-Questionnaire, based on the Questionnaire of the Wolfsberg Group.