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Financial Consumer Protection Framework

The Federal government has introduced a new Financial Consumer Protection Framework under the Bank Act to further protect customers of banking services.
RBC is enhancing several processes and policies to benefit our clients.

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Foreign Account Tax Compliance Act (FATCA)

FATCA is part of the U.S. HIRE Act, signed into law on March 18th, 2010 by President Obama. Virtually every financial institution in the world is affected by FATCA requirements.

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Anti-Money Laundering Certifications

RBC Global Approach to Anti-Money Laundering

This global certification of AML standards has been developed in response to requests for confirmation of AML standards across RBC. This letter of comfort is intended to demonstrate that the various RBC business units are guided by enterprise-wide anti-money laundering and related policies in setting their own RBC policies and procedures. Financial Institutions are encouraged to rely on this website posting as opposed to requesting individual certification.

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Wolfsberg Correspondent Banking Due Diligence Questionnaire (CBDDQ)

The CBDDQ aims to set an enhanced and reasonable standard for cross-border and/or other higher risk Correspondent Banking Due Diligence, reducing to a minimum any additional data requirements, as per the Wolfsberg definition and current FATF Guidance. The Royal Bank of Canada has posted the completed CBDDQ on its website to assist financial institutions in completing their client due diligence requirements on Royal Bank of Canada.

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USA Patriot Act

In response to the USA Patriot Act and final rules issued by the U.S Department of Treasury, the Royal Bank of Canada has executed a global certification applicable to all correspondent accounts maintained for it by Covered Financial Institutions. The Royal Bank of Canada has posted such certification on its website to allow every Covered Financial Institution needing such Certification to access it directly from here instead of requesting an individual certificate.

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Basel II and III Disclosures

Basel II is an international accord on capital requirements that applies to banking institutions in various countries including Canada, United States of America and the United Kingdom (UK).

Basel III is a global regulatory standard on bank capital adequacy, stress testing and market liquidity risk.

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Common Reporting Standard (CRS)

CRS was developed by the Organization for Economic Co-Operation and Development (OECD) and endorsed by the G20 Finance Ministers as the new global standard for the automatic exchange of financial account information to better fight tax evasion and improve tax compliance.

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IBOR Transition

Around the world, regulators, financial institutions and service providers are working to improve the transparency and reliability of interest rates. RBC is participating in changes to interest rates used for credit facilities, derivatives, and other financial products in multiple jurisdictions and varying currencies. Those developments will result in changes to interbank offered rates set by financial institutions and implementation of new rates announced by regulators.

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Health Program Coverage Rules for U.S. Employees & Retirees

The U.S. Departments of Health and Human Services, Labor, and the Treasury has finalized the Transparency in Coverage Rule. These files include in-network negotiated payment rates and historical out-of-network charges for covered items and services.

Learn more Learn more about R B C’s health coverage rules for U S employees and retirees.

Service of Family Maintenance Support Orders and Support Provisions

Various government statutes and court rules have been enacted to assist members of the public and government agencies in collecting money and obtaining information that may be owed by certain parties. View the list of offices designated by Royal Bank of Canada for the service of enforcement notices in respect of family maintenance support orders or support provisions for each province.

Learn more Learn more about the designated Royal Bank of Canada offices for family maintenance support orders and support provisions

Financial Performance

For Financial highlights, annual reports, quarterly information and other financial results, see our Investor Relations site.

Community and Social Impact

Creating a positive social impact is integral to how we do business and core to our culture. As a purpose-driven company, we hold an important responsibility to help create positive social and economic impact within our communities.