Deltec’s commitment to transparent communication that align with leading standards and frameworks.

Safety & Security

At Deltec Bank & Trust Limited (“Deltec Bank” or “DBT”) we pride ourselves on the strength of our internal controls and governing policies which are the foundation upon which our business is built.

We recognize and appreciate that in order to build and maintain our reputation as an organization with a robust governance framework, we must be committed to the highest quality of AML compliance standards. Our team embraces this commitment. We regularly assess the Bank’s standards of compliance and quality assurance for opportunities to strengthen our control framework. Additionally, we engage internationally recognized organizations to validate the efficacy of our AML framework and governing policies from an independent perspective.

On an ongoing basis, Deltec leverages the power of technology and leading solutions providers to assist with risk and compliance related tasks and requirements. Today, a total of five (5) licensed name search and transaction monitoring tools are embedded into our daily operations.

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Regulatory Compliance

Regulatory compliance describes our goal to achieve in their efforts to ensure that we take steps to comply with relevant laws, policies, and regulations.

Corporate Governance

Deltec Bank has adopted international best practices on corporate governance to ensure effective and prudent oversight of its operations. Deltec Bank further endorses and has adopted the principles highlighted in the Guidelines for the Corporate Governance of Banks and Trust Companies Licensed to do Business within and from within The Bahamas (“Corporate Governance Guidelines”) issued by the Central Bank of The Bahamas (“CBB”).

Corporate Governance Philosophy

The Board is of the view that good governance is fundamental to the well-being of the Company and places great importance on ensuring that the Company adheres to relevant legislation, guidelines and international best practices on corporate governance.

The Board is further committed to ensuring that the Company operates in an effective yet safe and sound manner. This commitment is expressed in the prudent way in which the Company carries out its mandate and serves its clients and customers.

Board of Directors

The Board is comprised of both executive and non executive members, as appropriate to the Bank’s needs, who are able to act independent of undue influence from internal and external sources.

The roles of Chairman of the Board and the Chief Executive Officer (CEO)/Senior Official is separated as this is regarded as a good practice and contributes to achieving an appropriate balance of power by increasing accountability and enhancing the Board’s capacity for decision making independent of senior management.

The Board exercises leadership, enterprise, integrity, independence and judgment in directing the affairs of the Company. The Board is ultimately responsible for ensuring an adequate, effective, comprehensive and transparent process of corporate governance, which is consistent with the complexity and risks inherent in the Company’s business activities.

The members of the Board should understand their accountabilities to various stakeholders and be committed to their interests, so that they can successfully fulfil their fiduciary responsibilities.