Compliance

The Compliance division works centrally and across divisions to ensure compliance with the main legal provisions and parameters within HSH Nordbank. It monitors compliance with the legal requirements governing the Bank's capital market activities, the prevention of money laundering, the financing of terrorism and other criminal acts punishable under the German Banking Act, as well as monitoring compliance with 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 societal principles. In addition, HSH Nordbank has established an external Whistleblower role, which follows up internal tip-offs, including those received anonymously, and passes suspected cases on to the Compliance division.