Identification


Information on the repeated implementation of due diligence measures

Dear Customer,

Let us inform you that in line with Section 79 of Act LIII of 2017 on the Prevention and Countering of Money Laundering and Terrorism Financing (hereinafter referred to as the Money Laundering Act), your personal data and declarations shall be updated and the documents stipulated in the legislative provision shall be presented by no later than the 31th of October, 2019 (updating of data).

You can meet the above requirement in any of our branches in person and, failing that, you can also forward the necessary documents by post or email to the Bank’s seat or central email account (seat: H-1062 Budapest, Andrássy út 98.; central email account: azonositas@magnetbank.hu; please provide “Pmt2017” in the subject).

Documents to be presented/forwarded:

- a valid passport or identity card (with photo) as long as it grants residency in Hungary, other document proving residence in Hungary of the Account Holder and the person(s) having disposal over the account (including the Co-Cardholders as well).

Declarations to be made:

- the Account Holder and the person(s) having disposal over the account shall make a declaration whether they are politically exposed persons and if yes, for what reason, and to what extent (the declarations are available: https://www.magnetbank.hu/ujraazonositas_nyilatkozatok).

As long as the documents are forwarded by post or email: a photocopy of the identification documents should be forwarded  in good quality: this means that the data can be seen clearly, as well as the signed declaration form.

The due diligence measures are fully completed if all the above documents and declarations are presented/forwarded to the Bank in respect of both the Account Holder and the person(s) having disposal over the account.

Please be advised that in this case a power of attorney will not be accepted.

Also, let us inform you that any changes that may take place in the data or facts in the identification document or any of the declarations of the Account Holder or the person having disposal over the account shall be reported to the Bank within five working days in line with the Money Laundering Act.

IMPORTANT: To the extent that you fail to visit our branch in person or to forward the photocopy of the necessary documents and the declarations and, therefore, the data cannot be updated by the deadline, we will not be able to execute your transaction orders after the 31th of October, 2019.

Further details can be found in the letter attached.

We do apologize for the inconvenience caused by the requirements of this provision and appreciate your cooperation in advance.

Yours faithfully,
MagNet Bank Private Company Limited by Shares