Axis Bank Ltd , including its subsidiaries and affiliates (the “Group”), is firmly committed to complying with all applicable sanctions' laws /directives/regulations /conventions/council resolutions/ guidelines (as imposed by UN,
US, UK, EU or any other Government and/or Regulatory authorities) that are legally binding upon the Group and its businesses. Any breach of sanctions may have a serious impact on our reputation, franchise, regulatory relationships and
could impair the Group’s ability to provide products and services to clients. The Group has therefore established a sanctions policy that may be more stringent than what is permitted by law /directives /regulations /conventions/council
resolutions/ guidelines. Group may be unable to process any transactions that involves or have linkages / reference to any sanctioned countries*/territories*/parties including cases where transshipment is involved.
*Sanctioned Countries and Territories include Cuba, Iran, Syria, North Korea (also known as Democratic People’s Republic of Korea), Crimea and Sevastopol (also known as Crimean Autonomous Republic) and Sectorial Sanctioned /Non comprehensive
countries and Territories include Russia, Sudan, Belarus, and Venezuela.
Axis Bank and Group is required to update the list of Sanctioned Countries and Territories based on any amendments /modifications/revisions to the laws /directives/regulations /conventions/council resolutions/ guidelines as may be issued by
the respective authorities/regulators from time to time.