Regulatory information

Bard Santner Microfinance Bank operates under a microfinance banking licence issued by the Reserve Bank of Zimbabwe.

Bard Santner Markets Inc is registered with the Securities and Exchange Commission of Zimbabwe in respect of its capital markets activities.

BSMFB is subject to ongoing prudential supervision by the RBZ, including capital adequacy, liquidity, large-exposure limits, risk management and governance requirements.

Quarterly returns are submitted to the supervisor in accordance with applicable regulation. Annual audited statements are published.

Customer deposits at BSMFB are held in compliance with the Deposit Protection framework administered by the Deposit Protection Corporation of Zimbabwe. Coverage limits and terms apply; please refer to the DPC for details on protected amounts.

BSMFB operates customer due diligence, transaction monitoring and reporting consistent with international AML / CFT standards and applicable sanctions regimes.

The bank complies with the Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA) where applicable to customer accounts.