Bank of Beirut (UK) Ltd, Frankfurt Branch utilizes various software and databases to screen prospective and existing customers, beneficial owners, shareholders, directors, etc. as well as parties to transactions, against international sanctions lists including those issued by the United Kingdom, Germany, EU, and UN.

With respect to customer on-boarding and periodic KYC reviews, the Bank also screens for any potential adverse media information that may exist. In addition, our screening software identifies any potential customer or related party that falls under the category of a Politically Exposed Person (PEP). Customers identified as PEPs are treated as high risk.

Additional controls are applied to all customers that are designated as high risk including PEPs and other types of high risk client.