Bank Woori Saudara Indonesia 1906 SDRA

PT Bank Woori Indonesia, as stated in Deed No. 66 dated January 28, 2014, made before Fathiah Helmi, SH, a Notary in Jakarta whose notification of changes was received and recorded in the database of the Legal Entity Administration System of the Ministry of Law and Human Rights of the Republic of Indonesia based on Letter No. AHU-AH.01.10-08988 dated March 6, 2014.

In line with the development of the Bank's business, in 2007 the Bank obtained a license as a Custodian based on the Decree of the Chairman of Bapepam-LK No. Kep-01 / BL / Kstd / 2007 dated September 12, 2007. In 2008, the Bank began operating as a Foreign Exchange Commercial Bank based on the Decree of Bank Indonesia Deputy Governor No. 10/2 / KEP.DpG / 2008 dated February 22, 2008. In 2009, the Bank was appointed as a Perception Bank / Foreign Exchange Perception based on the Decree of the Minister of Finance of the Republic of Indonesia No. S-621II MK. 5/2009, October 14, 2009.

The Bank's good performance and reputation have attracted the attention of Korea's Woori Bank, one of the oldest and largest banks in Korea based in South Korea. In order to realize the Bank's vision and mission, in early 2014 the Bank established a strategic partnership with Woori Bank Korea. The collaboration was marked by the entry of Woori Bank Korea and PT Bank Woori Indonesia (a subsidiary of Woori Bank Korea in Indonesia) as Bank shareholders. The change in the composition of shareholders was carried out through the process of transferring shares of Ir Arifin Panigoro and PT Medco Intidinamika to Woori Bank Korea and PT Bank Woori Indonesia, as stated in Deed No. 66 dated January 28, 2014, made before Fathiah Helmi, SH, a Notary in Jakarta whose notification of changes was received and recorded in the database of the Legal Entity Administration System of the Ministry of Law and Human Rights of the Republic of Indonesia based on Letter No. AHU-AH.01.10-08988 dated March 6, 2014.

At the end of 2014, PT Bank Woori Indonesia formally merged into the Bank with the issuance of Decree of the Minister of Law and Human Rights of the Republic of Indonesia No. AHU-00128.40.40.2014 dated December 30, 2014. With the effectiveness of the merger, the name PT Bank Himpunan Saudara 1906 Tbk changed to PT Bank Woori Saudara Indonesia 1906 Tbk based on Deed No. 42 dated December 24, 2014, made before Fathiah Helmi, SH, a Notary in Jakarta who had obtained approval from the Minister of Law and Human Rights of the Republic of Indonesia based on Decree No. AHU-00128.40.40.2014 dated 30 December 2014.

With the merger effective, the Bank has changed its commercial name from the previous Bank you become Bank Woori Saudara followed by a change in the company logo. The merger is an implementation of the commitment of Woori Bank Korea as the Bank's Controlling Shareholder to fully support only 1 (one) bank in Indonesia. With this merger, Bank Woori Saudara will become a bank that will occupy a better position, be able to compete and develop in an increasingly competitive banking environment in Indonesia and create business synergies and strengthen the Bank's capital structure.

As of December 31, 2016, Bank Woori Saudara had 2,256 highly motivated employees to serve customers in 171 branch offices in several cities in Sumatra, Java and Bali. Bank Woori Saudara Indonesia 1906 SDRA

Banks are very vulnerable to the possibility of being used as a media for money laundering and terrorism financing, because there are many transaction options for banks for money laundering to carry out the layering, placement and integration process so that it is as if the origin of the money laundering wealth is a legitimate asset. Banks can also be used as a means for terrorism financing perpetrators in an effort to launch their crime.

PT. Bank Woori Saudara Indonesia 1906 Tbk (Bank Woori Saudara) as a public company listed on the Indonesian Stock Exchange (IDX), registered and supervised by the Financial Services Authority (OJK) and Bank Indonesia, is committed to fully complying with the Anti-Money Laundering Laws and Regulations and Prevention of Terrorism Funding in force in Indonesian.

In accordance with OJK Regulation No.23 / POJK.01 / 2019 regarding the Implementation of the Anti Money Laundering and Prevention of Terrorism Funding Program in the Financial Services Sector, Bank Woori Saudara has made improvements to the policy to implement the AML CFT Program   Bank Woori Saudara Indonesia 1906 SDRA

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