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), Sectorial Sanctioned Countries and
Territories include Russia,Venezuela, Belarus, Sudan and any other countries included by sanctioning authorities from time to time'.
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.
