CIBC's AML/ATF and Sanctions Regime

CIBC is committed to protect the safety, soundness and reputation of CIBC by reducing the likelihood that CIBC will be used as a vehicle for, or become a victim of, Money Laundering or Terrorist Financing (ML/TF) activities. Furthermore, CIBC is also committed to comply with applicable Economic Sanctions laws and prevent activities involving sanctions targets. 

The Chief Anti-Money Laundering Officer (CAMLO) is responsible to Senior Management and the Board of Directors of CIBC for establishing and maintaining CIBC's Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) and Sanctions programs. The AML/ATF and Sanctions programs include the following core elements:

  • Oversight by Senior Management and the Board of Directors
  • Documented policies and procedures that address regulatory requirements
  • Training for employees and those who act on behalf of CIBC
  • Risk assessments
  • Testing of control effectiveness
  • Client identification
  • Record keeping and retention
  • Ongoing monitoring
  • Regulatory reporting

The AML/ATF and Sanctions programs are delivered by employees in the Enterprise Anti-Money Laundering (EAML) group, made up of teams of specialists who use analytics, innovative technology and professional expertise to detect and deter ML/TF and manage sanctions compliance.

 

CIBC’s USA PATRIOT Act Certification

The USA PATRIOT Act and final rules issued by the U.S. Department of the Treasury require a U.S. bank or a U.S. broker-dealer in securities (a “Covered Financial Institution”) to obtain certain information from any foreign banks for which they maintain correspondent accounts in the United States. As permitted by the final rules, CIBC has prepared a Certification for use by any Covered Financial Institution that requires a USA PATRIOT Act certification from CIBC.

Please use the Certification instead of requesting an individual certification from CIBC. If the particular CIBC entity that maintains a correspondent account with your institution is not listed in our Certification, or if you have any questions about the Certification, please contact CIBC by e-mail at Mailbox.CIBCAML@cibc.comOpens your email app..

Learn moreabout the USA Patriot Act certification.

 

CIBC’s Wolfsberg Questionnaire

Financial institutions conducting business with CIBC are asked to complete the Wolfsberg Group correspondent banking due diligence questionnaire (PDF, 485 KB) Opens a new window in your browser..

In lieu of a request to complete your financial institution's AML and ATF questionnaire, refer to the CIBC Wolfsberg financial crime compliance questionnaire (FCCQ) (PDF, 1.5 MB) Opens a new window in your browser..