Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 529

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 529
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 the core aspects of the Group’s policy, and the foundation of its organisational culture, is strict compliance with all legal provisions, meaning that the achievement of business objectives must be compatible, at all times, with adherence to the law and the established legal system. To that end, the Group has a Compliance Division, whose mission is to promote and strive to attain the highest levels of Group compliance and ethics, mitigating compliance risk, understood as the risk of legal or administrative sanctions, significant financial losses or loss of reputation due to a breach of laws, regulations, internal regulations and codes of conduct applicable to the Group’s activity; minimising the possible occurrence of any regulatory breach and ensuring that any breaches that may occur are diligently identified, reported and resolved. This division assesses and manages compliance risk through the following duties:

| – | Monitoring and overseeing the adaptation to new regulations through proactive management to ensure regular and                                                                                                                            
 systematic monitoring of legal updates, and ensuring the distribution of those which are deemed to have an impact on any area of the Institution’s business, according to the scope established in the corresponding internal procedures. |

A-340

| – | Identifying and periodically assessing compliance risks in the different areas of activity and contributing to their                                                        
 management in an efficient manner. To this end, establishing, applying and maintaining appropriate procedures to prevent, detect, correct and minimise any compliance risk. |

| – | Establishing, in accordance with the above, an                                                        
 up-to-date oversight and control programme, with the appropriate tools and methodologies for control. |

| – | Supervising the risk management activities carried out by the first line of defence to ensure that they are aligned 
 with the established policies and procedures.                                                                       |

| – | Conducting an appropriate follow-up on any findings (incidents, weakness or                                                                                
 areas for improvement detected in the Institution, which may have an impact on compliance risk), in accordance with the corresponding internal procedures. |

| – | Keeping, for at least the period of time established by the legislation in force at any given time, the documentary                                                                        
 justification of the controls carried out by the Compliance Division, as well as any other policies and procedures implemented for the best possible fulfilment of regulatory obligations. |

| – | Monitoring and coordinating inspections, as well as responses to the requirements of supervisors and regulators, and 
 checking that their recommendations have been acted on accordingly.                                                  |

| – | With regard to Anti-Money Laundering, Countering the Financing of Terrorism (AML/CFT) and International Sanctions