Compliance

The Compliance division works centrally and across divisions to ensure compliance with the main legal provisions and parameters within HSH Nordbank. It therefore monitors the Bank’s capital market activities and applies structural measures to prevent money laundering, the financing of terrorism and other criminal acts. It furthermore oversees ongoing compliance with all relevant financial sanctions and embargoes. The basic rules of behaviour for the Bank’s employees are summarised in a Code of Conduct. In conjunction with regular training events, employees are provided with a reliable guide regarding legal requirements as well as ethical and social principles. In addition, HSH Nordbank has established an external office for whistleblowers. It follows up internal and external tip-offs, including those received anonymously, and passes suspected cases on to the Compliance division.