Anti-terrorist statement

Anti-terrorist Statement

The EBRD performs extensive due diligence on the integrity of all prospective clients. Integrity checks undertaken before committing any funds now include verification that no client or prospective client is on the United Nations Security Council lists of entities and individuals suspected of supporting terrorist activities. In its approach against terrorist financing, the Bank takes full account of UN Security Council Resolution 1373 adopted 28 September 2001 and the work of the Counter-Terrorism Committee established according to that Resolution. Further information about the Counter-Terrorism Committee is available at http://www.un.org/Docs/sc/committees/1373/.

Another special committee of the UN Security Council (Security Council Committee Established Pursuant to Resolution 1267(1999) concerning the Situation in Afghanistan) has published lists of entities and individuals who are suspected of supporting terrorist activities. A consolidated list, which will be revised and expanded periodically to reflect the future work of the committee, can be found via http://www.un.org/Docs/sc/committees/AfghanTemplate.htm.

The EBRD will not provide financing to entities or individuals that according to these UN Security Council committees are or may be supporting terrorist activities. The EBRD will also not finance any contracts for the supply of goods, works or services awarded to such entities and individuals on its projects. The EBRD closely follows the work of the Financial Action Task Force, the international body which oversees the fight against money laundering and financing of terrorists.