History / Structure
Sparkasse Essen, the Essen savings bank, was founded in November 1840 and opened for business in 1841.
Sparkasse Essen is an institution under public law. Its legal basis are the North Rhine-Westphalian Savings Bank Act and the statutes laid down by its Supervisory Board. Its governing bodies are the Supervisory Board and the Board of Management.
Operating more than 40 branches and four corporate banking centers, Sparkassen Essen has the most densely knit network for financial services and financial advice in Essen. We have no foreign branches or subsidiaries.
Contact details, internet access and the opening hours of Sparkasse Essen and their international business service partner S-International Rhein-Ruhr.
S-International Rhein-Ruhr GmbHKennedyplatz 6
Tel +49 201 82144-0
Fax +49 201 82144-19
|Opening hours of Sparkasse Essen:
Monday and Thursday 9.00am to 6.00pm
Tuesday, Wednesday and Friday 9.00am to 4.00pm
|Opening hours of S-International Rhein Ruhr:
Monday to Thursday 8.30am to 6.00pm
Friday 8.30am to 4.30pm
|Is money laundering considered as a crime in Germany?||Yes|
|Has Germany established anti-money laundering laws/regulations?||Yes|
|Does Sparkasse Essen hold a full banking licence?||No. At the time of the founding of Sparkasse Essen such a licence was not necessary to run a bank.|
|Is Sparkasse Essen subject to such laws and regulations?||Yes|
|Has Sparkasse Essen established written internal procedures to implement anti-money laundering policies?||Yes|
|Is implementation of anti-money laundering policies monitored on a permanent basis by a compliance officer and assessed by an internal audit functions on a yearly basis?||Yes|
|Has Sparkasse Essen established an anti-money laundering employee-training program and records its training?||Yes, the program also includes S-International Rhein-Ruhr GmbH|
|Does Sparkasse Essen have record retention procedures that comply with applicable law?||Yes|
Do the regulations of Sparkasse Essen require:
recognising the true identity of customers and checking their legitimacy and business activities?
|monitoring client activities to detect any suspicious activities (risk-based assessment)?||Yes|
|reporting suspicious activities and transactions to the appropriate authorities?||Yes|
|special monitoring of relationships with customers and transactions with hightened risk (incl. politically exposed persons) and regularly update of information?||Yes|
|screening customers and transactions against list of persons, entities or countries issued by government/competent authorities?||Yes|
|regularly check its correspondent bank relations?||Yes|
Do the regulations of Sparkasse Essen allow to:
conduct business with banks having no physical presence in any countries (shell banks)?
|maintain accounts for shell banks?||No|
|maintain payable-through-accounts for correspondent banks?||No|
|Has Sparkasse Essen appointed a person responsible for anti-money laundering arrangements?||Yes|
|Name of external auditors:||Rheinischer Sparkassen- und Giroverband|
|Name of the regulatory body which supervises our institution:||Bundesanstalt für Finanzdienstleistungsaufsicht (BaFIN)|
Download: Wolfsberg AML Questionnaire