Wolfsberg Group Corespondont Banktng Due D¡tigence euest¡onnaire (CBDDe) Vl.

the
§olfsb*rg
Group

Flnanclal lnstitutlon Name: BANCO DE MACHALA

Locatlon (Country) :
ECUADOR

neque3trcnna¡Ie¡erequ¡redtobeanaweredonaLegalEnt¡ty(LE)Level.Thismean3theF¡nanciallnstitutionw@
lltimafe parent / héad office & sub¡d¡ary level for which any branches would be cons¡dered covered by that parent/subsid¡ary óDe. ThB quest¡onna¡re
ihould not covér móre than one LE. Eách qu$t¡on in ths DDQ will neod to be addressed from thé percpect¡ve of thé LE and on behalf
of all of its
rranché3, lf a résponse for tho LE diffcrod for one of ¡ts branches th¡s neods to be h¡ghl¡ghted snd deta¡t régard¡ng thk difference capturéd at the end of
rach subsoct¡on. lf a branch bus¡ne3s ectivity (products offérsd, client base etc.) is s¡gnif¡cantly d¡ffersnt than its head off¡ce, the
branch should complete
r separate queationna¡re.

tot Que!tloñ Answar

r Etrll f i3:,{ir.lLYll ü L{§Hll'l
Legal Name
BANCO DE MACHALA S.A.

2 \ppend a l¡st of branches which are covered by ATTACHED

his questionnaire

Legar (xegtstereo) I DE MAYO Y ROCAFUERTE (MACHALA)

4 'uil Hflmary Huslness Address (¡t difierent from

N/A
rbove)

5 ,ate of Entty rncorporatton/ stabl¡shmenl JUNE-30-1 962

6 rercsr (ype or 9wneEnrp ano appeno an

wneBh¡D chart ¡f ava¡lable
6a 'ublicly Traded (25% of shares publicty traded) No

ba y, rnorcate me exchange traded on and Ucker

N/A
ymbol

6b lember Owned/ Mutual

bc ,ovemmem tr Stale UMed by 25% or more
6d ivately Omed
6dl r Y, provroe detatts ot sharehotdeE or ultimate
Enef¡cial owners with a hold¡ng of 10ol" or more
QUIÑONEZ OCHOA JENNY 7O.ggO/, ECUADORIAN
QUIROLA FIGUEROA ESTEBAN 27.12VO ECUADORIAN

7 /o
or the tsntty s lotal shares composed of bearer
N/A
hares

ü ,oes the Enttty, or any of its branches, operate

nder an Offshore Banking License (OBL) ? No

Ea Y, provide the name of the relevant branch/es

N/A
rh¡choperate under an OBL

9 rame or pnmary flnanoat regutator / superuisory

SUPERINTENDENCIA DE BANCOS
uthority

10 'rovroe Lega¡ Entity tdent¡fier (LEl) ¡f available N/A

O fh6 Wolbberg crcup 2018 Page 1

CBDDQ V1.2
I
r\¡.
i,U
I;{¿
f¡|
i.
 Wolfsberg Group Correspondent Banklng Due Dlligence euesflonnaire (CBDDe)
Vl.2
1 Provide the futt tegat name of $re uttiñáiEláG
(if different from the Entity compteting the DDe) N/A

12 Jurisd¡ction of licens¡ng authority and re§ütaiói

)f ultimate parent N/A

t3 Select the business areas appticabte to the

!ntitv
13a
l3b 'nvate Bank¡no / Wealth Manádémañf
13c lommercial Banking les
t3d fransactional Bankinq
13a 'tvestrnent Bankind
=inancial Markets Tradinq
13o )s Seruices/ Custody
3h er/Dealer No
I vlultilateral Development Bank \o
r3j Llther
NiA

14 )oes the Entity have a significant (10%o or

nore) offshore customer base, either by
rumber of customers or by revenues (where off. No
ihore means not dom¡ciled in the jurisdiction
vhere bank serui¡as áE haiññ
^ñr,i¡^¡r ,
14a lf Y, provide detaits of tne.óuñr-ry a-O%'
\iA

l5 Select the closest value:

5a tlumber of employees
I-'1UUU
5tr total Assets Gréálpr q6nn
t6 Conf¡rm that all responses provided in the
abové Sect¡on ENTITY & OWNERSHtp are Yes
representative of all the LE's branches
16a f N, clarify wh¡ch questions the difference/s
N/A
€late to and the branch/es that th¡s applies to.

t5b lf appropriate, provide any additional-

information / context to the answers in this N/A
section.

O The WolÉberg Group 201 8

Page 2
CBDDQ Vl.2
i1..
vN
W'
 Wolfsberg Group Correspondent Bank¡ng Du€ Oiligenc€ euestionnaire (CBDDe)
Vl.2

t"F
l7

17 a1 fY
17 a2 Does the Entity offer Conespondent Bank¡ng
Services to domesf¡c háñkc? Yes
17 a3 Does the Entity atlow domlsic báñ[iiiEñG-i-
orovide downstream relá1¡ñnsh¡ñc? !o
7a1 lJoes the Ent¡ty have processes and procedures
in place to ¡dentiry downstream relatjonsh¡ps Yes
with domestic banks?
7aS Joes the Ent¡ty offer conespondent banking
lervices to Foreion Banks? No
17 a6 Joes the Ent¡ty allow downslream relationships
vith Foreion Banks? No
17 al )oes the Ent¡ty have processes and procedures
n place to identify downstream relationships \o
vith Foreiqn Banks?
17 a8 )oes the Enti§ offer conespondánt bánking-
\¡o
seruices lo rédllálpd f\,4sFt§/ir\trc"
17 ag )oes the Entity allow downstream relatioñshftl
ry¡th M-SBS/MVTS? No
7 all )oes the Entity have processes and procedures
n place to ident¡ñ/ downstream relatjonsh¡ps Yes
Mith M-SB /MVTS?
b )rivate Banklng (domestic & intemationál)
17c lrade Finance fes
7d Payable Throuqh Accounts
le Stored Value lnstruments
t7 I i,iross Border Bulk Cash Délh No
o )omestic Bulk Cash Delivery ño
7h ntemational Cash Lefter
iemote Deposit Capture
ñ;
No
t7i /irtual iDigital Cunenc¡es No
17k -ow Price Securities NO
lold Ma¡l ño
17m )ross Border Remittances N"
'17 n iervice to walk-in customers (non-accounl
)olders) \o
l7 ponsorinq Private ATM§
trp f,ther high risk products and services identified
N/A
ry the Ent¡ty

f8 lonf¡rm that all responses provided in the

¡bove Section PRODUCTS & SERVICES are Yes
EDresenfafive óf áll fha I tr'c h¡¡n¡ha¡
rüa lf N, clarify which questions the difference/s
relate to and the branch/es that this applies to. N/A

8b lf appropriate, provide any additional

N/A
information / context to the answers in this
section.

OThe Wolbberg Group 2018

Page 3
CBDDO V1.2
 Wolfsberg Group Corr€spondent Banking Due D¡l¡gence euesflonnalre (CBDDe)
Vl.2

luoes me Ent¡ty have a programme that sets

lminimum AML, CTF and Sanct¡ons standards
lreqardino the followino comoonents:
I
^^^^;-.^¡

t9 c ]DD
tsd YeS
e leneficial Otrnership Yes
t9f ndependent Testino Yes
t9 riod¡c Review Yes
t9h ,olicies and Procedures
Yes
19i lisk Assessment Yes -
ianct¡ons Yes
't9 k
tqr
PEP Screening Yes -
\dverse lnformat¡on Screenino Yes
m Suspicious Activity Reportina Ves
9n
9o
Tra¡nino and Educátion
fransaction Mon¡toring
%;-
Yes
!0 row many tuil t¡me employees are in the
:ntity's AML, CTF & Sancüons Compliance Less than 10
léñártmañl?
21 s the Entitys AML, CTF & Sanctións poticy
¡pproved at least annually by the Board or Yes
)o¡riválenl Sañiór a^mñ¡#-^t
22 ^rañ2dÁñ6ñ1
Does the Board or equivalent Senior
Management Committee rece¡ve regular
€porting on the status of the AML, CTF & Yes
Sáncfiñn§ ñraññéa
l3 ^r
)oes the Ent¡ty use third parties to carry out any
romponents of its AML, CTF & Sanct¡ons No
thdÉñma?
tJa lf Y, provide further deta¡ls
N/A

21 Confirm that all responses provided in the abw,

Section AML, CTF & SANCTTONS programme Yes
eaé Rpnrasañtáfl,ó áll rh^ I Er^ r- ^^L^^
^l
¿4e lf N, clarify which quest¡ons the d¡ffereñóeE-
N/A
relate to and the branch/es that this applies to.

21b t appropriate, provide any additional

nformation / context to the answers in th¡s N/A
iection.

OThe Woltuberg Group 2018

Page 4 CBDDO V.1.2

W
 Wolfsberg croup Correspondent Bank¡ng DuE D¡tigence euest¡onna¡re (CBDDe)
V1.2

4i &
25 l-las the Entity documented pol¡cies and
procedures cons¡stent with applicable ABC
regulations and requirements to [reasonably] Yes
prevent, detect and report bribery and
corruption?
26
programme that sets minimum ABC standards?
No

a7 Enury appotnreo a oestgnated ofitcer or

with sufficient expedence/expertise
ible for coordinating the ABC No

2E Does the Ent¡ty have adequate staffw¡th

appropriate levels of experience/expertise to
Yes
mplement the ABC programme?

29 ls the Entity's ABC programme applicable to:

¿ca Jo¡nt ventures

Yes
19b h¡rd part¡es act¡ng on behalf of the Ent¡ty
Yes
l0 Joes the Entity have a global ABC pot¡cy that:
tua Proh¡bits the giv¡ng and rece¡v¡ng of bribes?
This includes promising, offeing, g¡ving,
solicitation or rece¡ving of anything of value, Yes
directly or indirectly, if ¡mproperly intended to
influence action or obtain an advantage
30b lncludes enhanced requirements regard¡ng
interaclion with public officials? Yes

l0c ncludes a prohibition aga¡nst the falsification of

)ooks and records (this may be within the ABC
rolicy or any other pot¡cy applicable to the Legat Yes
:ntity)?
1 Does the Ent¡ty have controls in place to
monitor the effectiveness of their ABC Yes
0rogramme?
,2 Does the Entity's Board or Senior Managemenl
Conrribe receive regular Managernent Yes
lnformation on ABC matters?
t3 loes the Entity pelorm an Enterprise Wide
\BC risk assessment? No
13a Y select the frequency
tl Does the Entity have an ABC res¡dual risk rating
that is the net result ofthe controls
effectiveness and the inherent risk No
asscssméni?

OThe Wolhberg Group 2018 Page 5 CBDDO V1.2

#'
 Wolfsberg croup Correspondent Banking Due D¡l¡gence euest¡onna¡re (CBDDO)
Vi.2
r5 )oes the Ent¡tys ABC EWRA cover the inherent
isk components deta¡led below:

5a ,otent¡al l¡ab¡lity created

by intemediaries and
third-party proüdeE as appropriate No
'ther
15b ;orupt¡on risks asociated with theiount¡E-
rnd industr¡es in which the Entity does bus¡ness, No
l¡rectlv or throuoh inlemediárics
icc ransactons, products or services, including
rosethat involve state-omed or state{ontrolled No
ntities or public off¡cials
5d ;oruption risks associated úth gifls and
cpital¡ty, hiring/intemships, charitable No
onat¡ons and polit¡cal contributions
ioe )hanges in bus¡ness activ¡ties that may
Eterially ¡ncrease the Entity's compt¡on dsk No

i6
ndependent th¡rd party cover ABC policies and Yes
)rocedures?
7 )oes the Ent¡ty proüde mandatory ABC train¡ng
):
la toard and Senior Committee Management
Yes
7b st L¡ne of Defence
Yes
lc nd L¡ne of Defence
Yes
i7d rd Line of Defence
Yes
i7e lrd parties to wh¡ch specific compliance rctivities
tubject to ABC risk have been outsourced
Not Applicable

t7t ¡on-emptoyed workers as appropriate

:ontraclors/consultants)
Not Applicable

iE )oes the Ent¡ty prcüde AeC trainingúhat is

argeted to specific roles, responsibil¡ties and
rct¡üties? Yes

9 )onfim that all responses provided iñ the abo6

iection Anti Bribery & Compt¡on are
epresentat¡ve of all the LE's branches Yes

iua t N, clarify which questions the differeñids-

elate to and the branch/es that this appl¡es to. N/A

t9b
context to the answeB in th¡s section. N/A

Page 6
CBDDO V,1.2
 Wolfsberg Group Correspondent Bank¡ng Due D¡t¡gence euestionna¡re (CBDDe)
V.t.2
ErP OLICIES &PROCEDÚREL
to Has the Ent¡ty documented policies and
procedures consistent w¡th applicable AML,
CTF & Sanct¡ons regulations and requirements
to feasonablv nrevéñl dala.t áñd .a^^i.
a Monev la¡
t0b enor¡st f¡nanc¡nq
10c rnctions violat¡ons
11 Are the Entity's poticies and [roiéduE
uodated at least annualh2 Yes
t2 Arethe Entity's policies andlroceduEs ga-ffi
aqa¡nsucomoared to:
12a JS Standards
12 a1 f Y, does the Entity retain a record of th;
esults? No
t2b , Standards
42b1 f Y, does the Ent¡ty retain a record oithe- No
esults?
a Does the Entity have policies and proceOures
that:
13a Prohib¡t the opening and teeping ot-ñónym6G
and f¡ctitious named accounts Yes
Prohib¡t the opening and keeping-láccolñE
For unlicensed banks and/or NBFIs Yes
Prohibit dealing with other entities tháipmvidE
banking seruices to unlicensed banks
Yes

f3d 'roh¡b¡t accounts/relationships with shell banks

Yes
e 'roh¡b¡t deal¡ng w¡th another entity that providéi
ierv¡ces to shell banks Yes
t3f Proh¡bit open¡ng and keep¡ng of accounts tor
Secüon 3'l I designated entities Yes
+59 Prohib¡t open¡ng and keeping of accounts for-
any of unlicensed/unregulated remittance
agents, exchanges houses, casa de cambio, Yes
bureaux de change or money transfer agents

tít h Assess the risks of relationships Wtn peps,

¡ncluding their family and close associates Yes

t3¡ Def¡ne escalation processes for financial crirne

risk issues Yes
t3j )ef¡ne the process, where appropriate, tor
erminating existing customer relationsh¡ps due
Yes
o financial crime risk
{3k spec¡fy how potent¡ally suspic¡ous activity
identified by employees is to be escalateá and
Yes
¡nvestigated
t3 I Outline the prccesses regardlng screening for
sanctions, PEPs and negative media Yes

15m lutl¡ne the processes for the maiñtenance oi

ntemal \¡ratchlists' Yes
4 Has the Ent¡ty def¡ned a risk tolerance
statement or sim¡lar document which defines a
Yes
risk boundary around their business?
t5 foes the Ent¡ty have a record retention
lrocedures that comply with appl¡cable laws? Yes
15a f Y, what is the retention period?
5 Years or more
46 lonf¡rm that all responses provide¿ ¡n ttte
rbole Secüon POL|C|ES & PROCEDURES are
Yes
epresentative of all the LE's branches
ttta lf N, clarify which questionslñé?iEEñIéE--
relate to and the branch/es that this applies to. N/A

46b It appropriate, prov¡de any additional

information / conten to the answers in this
sect¡on.

OThe Wolbberg Group 2018

PageT cBDDe v1.2

,N{,,
 Wolfsberg Group Correspondent Bank¡ng Due D¡ligence euestionna¡re (CBDDe)
V,t.2

i-l Aúit CtF,i&:§Aüúttil I'I § J¡¡mf.§ffi E¡ :,f,|

17 Does the Ent¡tys AML & CTF eWn¡ cwerttre
nherent risk components deta¡led below:

tta Client
Yes
17b ,roduct
Yes
Vc lhannel Yes
17d Geography
t6 Does the Entitys AML & Cff eWnn coverttre
controls effecüveness components detailed
below:

lüa Transaction Monitoring Yes

Eb lustomer Due Diligence Yes
16c ,EP ldentification
Yes
d
[üe Name Screen¡ng against Adverse Media &
Negative News Yes

8i Train¡ng and Education

Yes
rüg 3ovemance Yes
Eh vlanagement lnformation
Yes
l9 Has the Entity's AML & CTF EWRA been
completed in the last 12 months? Yes

19a It N, provide the date when the last AML & CTF
N/A
EWRA was completed.

;0 Does the Entitys Sanctions EWRA coveithE-

inherent risk components deta¡led below:
iOa llient
Yes
50b 'roduct Yes
50c -;hannel
Yes
50d Geography
Yes
i1 foes the Entity's Sanctions EWRA cwer the
rontrols effectiveness components detailed
)elow:

ila lustomer Due Diligence Yes

tl b Iransaction Screening Yes
1c Name Screening
Yes
t1 d L¡st Management
Yes
,le fra¡n¡ng and Education
Yes
i1 I 3ovemance Yes
tl g Vlanagement I nformation Yes
52 las the Entity's Sanctions EWRA been
)ompleted in the last 12 months? Yes

,2e lf N, provide the date when the tast Sarnt¡ons

EWRA was completed. N/A

t3 Sonfirm that atl responses providéO ¡n thG-

rbove Section AML, CTF & SANCTTONS R|SK
\SSESSMENT are representative of all the Yes
-E's branches
t5a lf N, cladñ/ wh¡ch questions the
difference/srelate to and the branch/es that this N/A
applies to.

t3b It appropriate, provide any add¡tional

information / conte)(t to the ans\ilers in this N/A
section.

OThe Wolbberg Group 2018

Page I CBDDQ V1,2
 Wolfsberg Group Correspondent Bank¡ng Due D¡t¡gence euesflonnaire (CBDDa)
Vi.2
il:
54 the Ent¡ty verify the identity of the
Yes

I me trnrtrys poilctes and procedures set out

len CDD must be completed, e.g. at the time
Yes
onboarding or úthin 30 days

56 ror0wng Ent¡ty
and reta¡n when conducting CDD? Select
all that apply:

56; Yes
t6b lustomer identifi cation
Yes
,ti c :xpected act¡v¡ty Yes
i6d Nature of business/employment
Yes
i6é roouct usage
Yes
56f Purpose and nature of relat¡onship
Yes
t6g Source of funds
Yes
i6h Source of wealth
Yes
i7 \re each of the following idenüfied:
,le Jltrmate benetic¡al ownership
Yes
17 a1 \re ultimate benefic¡al owners vérifiéd?- Yes
57b \uthorised s¡gnatories (where applicable)
Yes
,7c Key controllers
Yes
i7d Jther relevant parties
N/A

t8 What ¡s the Entity's minimum (lowest) threshotd

applied to beneficial ownersh¡p ¡dentification ?
250/"

59 Does the due diligence process result in

customers receiving a risk class¡fication?
Yes

i0 f Y, what factoB/criteria arc used to determine

:he customefs risk class¡f¡cat¡on? Select all that
¡pply:

6Ua ,roduct Usage

Yes
ñ0b Geography
Yes
iOc Bus¡ness Type/l ndustry
Yes
t0d Legal Entity type
Yes
i0e Adverse lnformation
Yes
i0f Other (speciñ/)
NACIONALITY-AGE/CONSTITUTION YEAR-FINANCIAL IN FORMATION-CHANNEL

OThe WolÉberg Group 2018

Page I CBDDQ V1,2
 Wolfsberg croup Correspondent Banking Due Diligence euesflonnatre (CBDDe) Vl.2

t1 Does the Entity have a risk based ápproach to

screening customers for adverse
Yes
media/negative news?
i2 f Y, ¡s this at:
,¿a f,nboarding
Yes
62b (YC rcnewal
Yes
úzc Trigger event
Yes
,5 What is the method used byltreEntfiEsoeen-
for adverse media / negat¡ve news?

5á Automated
Yes
i3b \,lanual
No
t3c -;omb¡nat on of automated and manual No
i4 Does the Entity have a risk based approach to
screening customers and connected parties to
determine whether they are PEps, or controlled Yes
by PEPS?

,J f Y, is this at:
t5a Snboarding
Yes
i5b (YL; fenewal
Yes
i5c Trigger event
Yes
,b /yhat ¡s the method used by the Entity to screen
)EPs?
E6a \utomated
Yes
D6b i4anual
No
i6c Combination of automated and rnarxtal
No
i7 Does the Entity have policies, procedures and
processes to review and escalate potential
matches from screening customers and
connected part¡es to determine whether they
Yes
are PEPS, or controlled by pEps?

DE Does the Entity have a process to review and

update customer information based on:

,üa l(YC renewal

Yes
i8b fdgger event
Yes
i9 foes the Entity maintain and report metrics on
runent and past periodic or trigger event due
iiligence reviews? Yes

OThe Wolbberg Group 2018 Page 10

CBDDQ V1.2
 Wolfsberg Group Co.respondent Bank¡ng Due D¡t¡gence euestionnaire (CBDDe) V.t.2

70 From the list below, wh¡ch categories of

customers or ¡ndustries are subject to EDD and/
or are restricted, or proh¡bited by the Entitys
FCC programme?

tOa \on-account customers

Prohib¡ted
70b Jnsnore customers
Proh¡bited
¡uc Shell banks
Prohibited
f0d [¡VTS/ MSB customers
Proh¡bited
70e >EPs
EDD on a risk based approach
tot PEP Related
EDD on a risk based approach
rog JEP Close Associate
EDD on a risk based approach
70h lonespondent Banks
EDD on a risk based approach
fo h1 lf EDD or EDD & Restricted, does the EDD
assessment contiain the elements as set out in
the Wolfsberg Conespondent Banking
Principles 2014?

I0i {rms, deiense, m¡litary

Prohibited
70j Atomic power
Prohibited
r0k industries
=xtractive EDD & Restricted on a risk based approach
r0 I ,reoous metals and stones
EDD & Restr¡cted on a ¡isk based approach
fum Jnregutated chadties
Prohibited
fon Regulated charities
EDD on a risk based approach
'0o Red light bus¡ness / Adult entertainmenl
Prohibited
lup Non-Govemment Organisat¡ons
EDD on a risk based approach
r0q ú¡rtual cunenc¡es
Prohibited
70¡ \4arijuana
Prohibited
rus :mbassiesi/Consulates
EDD on a risk based approach
¡0t 3ambling
Proh¡bited
/uu 'ayment SeMce Prov¡der EDD on a risk based approach
70v Other (speciñ/)
N/A

t1 lf restricted, provide details of the

restriction Marketing of cards, articles and other products related to mob¡le telephony.
Natural or Iegal persons ded¡cated to multi-level businesses that are not members
of the Ecuadorian
Direct Selling Association

72 Does the Ent¡ty perform an additional control or

quality rev¡ew on clients subject to EDD?
Yes

t3 Conf¡rm that all responses provided in the

abo\€ Secüon KYC, CDD and EDD are
representative of all the LE's branches Yes

t3e tf N, ctanfy wh¡ch questions the d¡fference/s

N/A
relate to and the branch/es that this applies to

73b ll appropriate, provide any additional

N/A
nformation / context to the answers in this
section.

@The WolÉberg Group 2018

Page 1 1
CBDDQ V1.2
 Wolfsborg croup Correspondent Bank¡ng Due D¡ltgence euestionna¡re (CBDDe)
V1.2

74 Does the Entity have risk based policieq

procedurcs and mon¡toring processes for the
identificatlon and report¡ng of susp¡c¡ous Yes

75 ure rrErnoo useo Dy tne Entity to

transact¡ons for suspicious act¡vities?

75a
Yes
75b
No
75" of automated and manual
No
r6 lf manual or comb¡nation seleAed, specify what
type of transactions are monitored manually N/A

t7 Does the Entity have regulatory requirernents to

report currency transactions?
Yes

te lf Y, does the Entity have policies, proceOures

andprocesses to comply with curency
reporting requirements? Yes

t8 Does the Entity have policies, procedures and

processes to review and escalate matters
arising from the mon¡toring of customer Yes
transact¡ons and activity?

/9 Conf¡rm that all responses provided in ttre

abow Section MONTTORTNG & REPORT|NG
are representative of all the LE,s branches Yes

19e lf N, clarify which quest¡ons the difference/s

relate to and the branch/es that this applies to N/A

79b lf appropriate, provide any addit¡onat

information / context to the ans,vers in th¡s N/A
section.

g a' fllsNr r¡¡r{rtDrAxENgY

BO Doestheentty@
Payment Transparency Standards? I
Yes
I
Does the Entity have polic¡es, procedures anl
B1
processes to [reasonably] comply with and have
l
I
controls in place to ensure compl¡ance with: I

I
,1 a =ATF Recommendation l6 Yes
¡lb -ocal Regulations Yes
¡1 bt Spec¡¡/ the regulation
LEY ORGANICA DE PREVENCION DE LAVADO DE ACTIVOS Y DEL
FINANCIAMIENTO DE DELITOS 2016
REGULACION JB-2013-2453 SUPERINTENDENCIA DE BANCOS

tl c lf N, explain
N/A

82 Joes the Ent¡ty have processes in place to

espond to Request For lnformation (RFls) from
)ther entities in a timely mannel? Yes

B3 Does the Ent¡ty have controls to suffirt thE-

nclusion of required and accurate originator
nformat¡on in intemational payment messagesi Yes

k
O The WolÉberg Group 2018
Page 12
CBDDQ V1.2
 Wolfsb€rg croup Correspondent Banking Due Di[gence euestionnair€ (CBDDe)
V1.2
t4 )oes the Entity have contrcls to support the
nclus¡on of rcquired beneficiary in intemational
)ayment messages? Yes

B5 Uont¡rm that all responses provided in the

abovesection PAYMENT TRANSPARENCY
are representative of all the LE,s branches Yes

,5a f N, clariñ/ which questions the difference/s

€late to and the branch/es that th¡s applies to. N/A

85b tt appropñate, prov¡de any additional

information / context to the answers in this N/A
section.

l0',
,6 the Entity have a Sancüons policy
ved by management regarding
l¡ance with sanct¡ons law applicable to the
, ¡ncluding with respect its bus¡ness Yes
lcted with, or through accounts held at
n financial institutions?

uuc§ ute trn[ry nave poilctes, procedures, or

)ther controls reasonably designed to prevent
the use of another entivs accounts or services
n a manner causing the other entity to violate
;anctions prohibitions applicable to the other Yes
)ntity (¡ncluding proh¡bitions with¡n the other
]ntity's local jurisdiction)?

u@s Lf re trnrfry nave polctes, procedures or

other controls reasonably designed to prohibit
and/or detect actions taken to evade applicable
sanct¡ons prohibitions, such as stripping, or the
resubmiss¡on and/or mask¡ng, of sanctions Yes
relevant information in cross border

)s me trnÍty screen ¡ts cuslomers, including

ef¡cial ownership information collected by
Entity, during onboard¡ng and regularly Yes
eafter against Sanctions Lists?

a \4anual
! \utomated Yes

9'l
G lombination of AutomaGdiñEIáñIái
Does the Entity screen all sanctions relevant
ñ;
data, including at a m¡nimum, entity and
location information, conta¡ned in cross border Yes
transactions against Sanctions Lists?

12a Vanual No
qutomated
Yes
,2C lombination Automated and Manua[ No
93 Select the Sanctions L¡sts used by the
:nt¡ty in its sanctions screening processes:

t3a Consolidated United Nations Security Counci-

Sancüons List (UN) used for screening customers and beneficiar owners and for f¡rtering transact¡onar
data
,3b United States Department of the Treasury's
Offlce of Foreign Assets Controt (OFAC) used for screening customers and beneficiar owners and for f¡rter¡ng transact¡onar
data
,JC f,ffice of Financial Sanctions lmplementation
rMr (oFSt) used for screening customers and benef¡ciar owners and for firter¡ng transactionar
data
,3d European Union Consolidated List (EU)
Used for screening custome* and beneficiar owners and for firtering transactionar
data
,3e Lists mainta¡ned by other G7 member countries
used for screening customers and benefic¡ar owners and for f¡rtering transactionar
data

The Wolbberg Group

Page 13

w
CBDDO V1.2
 Wolfsbo¡g croup Correspondent Bank¡ng Due D¡ltgence euest¡onna¡re (CBDDO)
Vl.2
¡3f Ither (speciry)
INTERNAL LISTS
-SENTENCIADOS
-PERSONAS DENEGADAS

94 when new ent¡ties and natural persons are

added to sanctions lists, how many bus¡ness
Cays before the Entity updates ¡ts lists? Same day to 2 days

,5 When updates or additions to the Sañitioñs-

Lists are made, how many business days
before the Entity updates lheir active manual
and / or automated screening system against:

,5a Customer Data

MONTHLY

,5b Transact¡ons
INMEDIATELY

96 )oes the Entity have a physical presence, e.g.,

)ranches, subsidiaries, or representative offices
ocated in countries/regions against wh¡ch UN,
IFAC, OFSI, EU and G7 member countries No
lave enacted comprehensive jurisd¡ct¡on-based
ianctlons?
,7 ;onf¡rm that all responses provided in the
above Section SANCTIONS are representative Yes
rf all the LE's branches
,ta It N, clarify which quest¡ons the difference/s
relate to and the branch/es that th¡s appl¡es to N/A

¡7b lf app¡opriate, prov¡de any addit¡onal

infomation / context to the answers in this N/A
section.

l4t ¡ EQUE:l[nlSg.,,.r,=:
,8 )oes the Entity provide mandatory training.
Mh¡ch includes :

,üa ldent¡t¡cat¡on and Íeporting of transact¡ons to

Jovemment authorit¡es Yes

,8b Examples of d¡fferent forms of money

laundering, tenorist ñnancing and sanctions
v¡olations relevant for the types of products and Yes
services offered

,UC lntemal polic¡es for controll¡ng money

laundering, tenorist financing and sanctions
Yes
violalions

¡8d New issues that occur in the market, e.g.

signif¡cant regulatory acüons or new regulations
Yes

,UE londuct and Culture

Yes
,9 s the above mandatory tra¡ning provided to

tga 3oard and Senior Comm¡ttee Management

Yes
99b st Line of Defence
Yes
,cc 2nd Line of Defence
Yes
,9d Jrd Line of Defence
Yes
,YE 3rd parties to which specific fCC activ¡t¡es have
leen outsourced Not Applicable

,9f \,lon-employed workers

contractoryconsultants) Not Appl¡cable
too Does the Ent¡ty prov¡de AML, CTF & Sanctions
training that is targeted to specif¡c roles,
responsibilit¡es and high risk products, services Yes
and activ¡ties?

O The WolÉberg Group 2018

Page 14
CBDDQ V1,2
 Wolfsberg croup Cor¡espondent Banktng Due Diltgence euest¡onna¡re (CBDDe)
Vi.2
the Entity provide customised
CTF and Sanctions staff?

Conf¡rm that all responses provided iñ tñ6

abovesection TM|NING & EDUCATION are
of all the LE's branches

N, clarify which quest¡ons the

to and the branch/es that this applies to

lf appropriate, provide any additional

information / context to the answers in th¡s

Does the Entity have a program wide risk bas

Compliance Testing process (separate to the
independent Audit function)?

that all responses prcvided

QUALIryASSUMNCE/
TESTING are representative of

lf N, clarifu which questions the-

relate to and the branch/es that th¡s applies to.

appropriate, provide any additional

/ context to the answers in this

h add¡t¡on to inspect¡ons by the govemment

supervisors/regulators, does the Entity have an
intemal audit funct¡on, a testing function or
¡ndependent third party, or both, thal
FCC AML, CTF and Sanctions
and practices on a regular basis?

OThe Wol6berg croup

Page 15
CBDDO V1.2

M
 Wolf3berg Group Correspondent Bank¡ng Duo Dil¡gence euestionnaire (CBDDe)
Vl.2
08 )oes the intemal audit function or other
ndependent third party cover the following
¡reas:

loE a \ML, CTF & Sanctions policy and procedures

Yes

108 b KYC / CDD / EDD and undertying

methodologies Yes

f08 c f ransact¡on Monitoring

Yes
108 d ransact¡on Screening including for sanctions
Yes

tuü e \ame Screen¡ng & List Management

Yes
t08 f Training & Educat¡on
Yes
106 g Iechnology Yes
108 h Govemance
Yes
IOE ¡ <epoftng/Metncs & Management lnfomation
Yes

108 J Susp¡c¡ous Activity Filing

Yes
roE k Wide Risk Assessment
=nterprise Yes
108 I üher (specifo)
N/A

r09 {re adverse f¡ndings from intemal & extérnal

¡udit tracked to completion and assessed for
¡dequacy and completeness? Yes

fi0 Confirm that all responses provided in the

abovesection,AuDlT are representaüve of all
Yes
the LE's branches

110 a lf N, ctariry which questionllñé differeñEEE-

N/A
relate to and the branch/es that th¡s applies to.

110 b f appropriate, provide any additional

nformation / context to the answers in th¡s N/A
iection.

@The WolÉberg Group 2018

Page '16
CBDDQ V1.2
 Wolfsberg Group Correspondent Banking Due Diligence
euestionnaire (CBDDe V1.2

Declaration Statement
wolfsberg Group Correspondent Banking Due Diligence Questionnaire
2018 (cBDDo v1.2)
Declaration Statement (To be signed by Global Head of Correspondent
Banking or
equivalent position holder AND Group Money Laundering Prevention
officer, Global Head of
Anti- Money Laundering, Chief Compliance Officer, Global Head of Financial
Crimes
Compliance OR equivalent)
BANCO DE MACHALA S.A.
Bank name) is fully committed to the fight against financiar
crime and makes every effort to remain in full compliance with all applicable
financial crime
laws, regulations and standards in all of the jurisdictions in which it
does business and holds
accounts.

BANCO DE MACHALA S.A.

(Bank name) understands the critical importance of having
effective and Sustainable controls to combat financial crime in order
to protect its reputation
and to meet its legaland regulatory obligations.

BANCO DE MACHALA S.A.

(Bank name) recognises the importance of transparency
regarding parties to transactions in international payments and has
adopted/is committed to
adopting these standards.

BANCO DE MACHALA S.A.

(Bank name) further certifies it compries with/is working
to
comply with the Wolfsberg Correspondent Banking Principles and
the Wolfsberg Trade
Finance Principles. The information provided in this Wolfsberg
cBDDe will be kept current
and will be updated no less frequenfly than on an annual basis.
BANCO DE MACHALA S.A.
Bank name) commits to file accurate supplemental
information on a timely basis.

l, PAULASALAzARGARcTA
Global Head of Correspondent Banking or equivalent),
certify that I have read and understood this declaration, that the answers
provided in this
Wolfsberg CBDDQ are complete and correct to my honest belief, and
that I am authorised
to execute this declaration on behalf of BANcoDEMACHALAs.A. (Bank name)
l, lonorcavenocARcEs
(MLRO or equivalent), certiñ7 that I have read and
understood this declaration, that the answers provided in this Wolfsberg
CBDDe are
complete and correct to my honest belief, and that I am authorised
to execute this
deClaratiOn On behalf Of BANcoDEMAcHALAS.A. (Bank name)

(Signature & Date (DD/MMAryyy))

1 j ocT 20lg
(Signature & Date (DD/MMtfyyy))

i, ocT ?0t8

@ The Wolfsberg Group 2018 Page 77 CBDDQ V1.2

 Banco de Machala
Ei Oro es nuestro respaldo
BANCO DE MACHALAS.A.
DETALLE DE OFIC¡NAS
CORTE AL 30 DE SEPTIEMBRE DE 2018

NOMBRE DE
TIPO DE OFICINA PROVINCIA cltrróH OFICINA orREccroN

v,alriz :L ORO ,4ACHALA úA I RIZ YU Y ROCAFUERTE ESOIJINA

les \ZUAY )UENCA JULNCA

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