Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 352

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 352
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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. |

| – | Identifying and periodically assessing compliance risks, in general, in the different areas of activity and                                                
 contributing to their management in an efficient manner, setting and maintaining adequate procedures to prevent, detect and remediate any compliance risk. |

| – | Establishing, in accordance with the above, an annual oversight and monitoring programme, with the appropriate tools 
 and methodologies for control.                                                                                       |

A-115

| – | With regard to Anti-Money Laundering, Countering the Financing of Terrorism (AML/CFT) and international sanctions,                                                                                                                                      
 implementing, managing and updating policies and procedures on the topic of AML/CFT and international sanctions; carrying out the preliminary classification of the ML/TF risk of customers during the onboarding process; applying enhanced due        
 diligence measures when onboarding high-risk customers so that they may be accepted and duly updated beforehand; managing tracking alerts; detecting matches in lists of designated persons and transactions of countries subject to international      
 sanctions; performing special analyses of suspicious activities and reporting them as necessary; preparing training plans; approving new products, services, channels and business areas; and conducting a periodic risk assessment of internal control 
 procedures in relation to AML/CFT and international sanctions.                                                                                                                                                                                          |

| – | In terms of customer protection, advising the business units in the design of new products and services and changes                                                                                                                                       
 in their scope, in accordance with MiFID, EBA