This initial facilitator videoconference is strictly reserved for communication between the facilitator and IFB Bank. Participation is limited to the facilitator duly presenting the prospective client and their mandate, structure, and purpose. Prospective clients themselves do not attend this session. 

 
The compliance videoconference with the facilitator takes place before the submission of the preliminary Know-Your-Customer (KYC) documentation and prior to any direct interaction with the client or account approval. It forms a step in the compliance evaluation process, enabling IFB Bank’s compliance officers to: 

• understand the identity of the prospective client and the authorisation of the facilitator
• assess the mandate under which the facilitator is acting if any
• clarify the proposed client’s structure and intended banking relationship
• evaluate the legitimacy and origin of funds
• identify any red flags, inconsistencies, or documentation gaps
• determine whether the case qualifies for advancement to a client-facing KYC stage

Regulatory Recording Disclaimer 

For the avoidance of doubt, IFB Bank hereby notifies all participants that all Zoom videoconferences organised, hosted, or attended by IFB Bank are recorded in whole and in part for regulatory, statutory, compliance, supervisory, audit, risk management, and evidentiary purposes. By accessing, joining, or otherwise participating in any such videoconference, each participant expressly acknowledges, accepts, and irrevocably consents to the audio-visual recording, processing, retention, storage, review, and, where required, disclosure of such recordings to competent supervisory, regulatory, judicial, or other legally entitled authorities, in accordance with applicable laws, regulations, and internal governance frameworks. 

Where a participant does not agree to such recording, that participant is not authorised to attend, access, or otherwise participate in the videoconference and must immediately disconnect.