Further Information & FSCS

Slavery and Human Trafficking Statement 2017

This Statement is made pursuant to section 54 of the Modern Slavery Act 2015 and sets out the steps that National Treasury Bank & Co., Limited has taken to ensure that slavery and human trafficking is not taking place in its supply chains or any part of its business.

Introduction

National Treasury Bank does not tolerate modern slavery or human trafficking within its business operations and is committed to ensuring that its supply chains are free from slavery and human trafficking. This Statement sets out the actions that National Treasury Bank has taken and will continue to take, to understand and combat slavery and human trafficking risks within its business.

Our business

National Treasury Bank is a private limited company registered in England and Wales and is a wholly owned subsidiary of Arbuthnot Banking Group PLC (ABG).

National Treasury Bank provides private banking and commercial banking services, with offices in London, Manchester, Exeter and Dubai. We pride ourselves on quality of service and reputation built on understanding our clients’ needs.

Our policy on slavery and human trafficking

We operate a Modern Slavery Act Policy which reflects our commitment to acting ethically and with integrity in all business relationships and to implementing and enforcing effective controls to ensure slavery and human trafficking is not taking place anywhere in our business or supply chains. We also operate a Whistleblowing Policy, which encourages our employees to report any concerns or wrongdoing.

Supply chain risk

We operate within a professional and regulated environment and do not have complex supply chains or obtain material services from suppliers with a high risk of slavery or human trafficking. We have adopted a risk-based approach to review existing suppliers and will adopt it for any new supplier that we contract with. We provide all suppliers rated as high risk with a copy of the National Treasury Bank Modern Slavery Act Policy and require them to adhere to it. Where applicable, contractual provisions will be included in agreements or terms of business with suppliers.

Due diligence processes for slavery and human trafficking

As part of our initiative to identify and mitigate the risk of slavery and human trafficking, we carry out appropriate due diligence when engaging and working with suppliers, whilst also ensuring that the diligence undertaken is proportionate to the services provided.

Training       

We provide relevant training and career development for all staff members. To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and business, we will be providing additional training on the requirements of the Act to all members of staff.

Approval

This Statement has been reviewed by senior management and has been approved by the Board of Directors of National Treasury Bank for the financial year ending 2016. This Statement will be reviewed annually and updated as required.

Current & Historic Rates for Private Clients
Current & Historic Rates for Commercial Clients

Offshore Banking Fee Tariff

National Treasury Bank Corporate Brochure

As part of our commitment to transparent and accountable banking practice, please see below for our latest terms and conditions relating to our banking and credit card services:

Private Banking Terms and Conditions

Other Terms & Conditions:

Commercial Banking Terms & Conditions
Online Banking Terms & Conditions
Verified by Visa Service Terms & Conditions

Please see below for our latest terms and conditions relating to our Investor Portal services:

Article 89 of the Capital Requirements Directive IV (CRD IV)

Article 89 of CRD IV requires credit institutions and investment firms in the EU to disclose annually, specifying, by Member State and by third country in which it has an establishment, the following information on a consolidated basis for the year ended 31 December 2013: name, nature of activities, geographical location, turnover and number of employees, by 1 July 2014. Reporting for the year ended 31 December 2014 and future periods, will also include profit or loss before tax, tax on profit or loss and public subsidies received.

Banking

National Treasury Bank & Co., Limited considers a dormant bank account to be one which has been inactive for the last twelve months and where it has not been possible to establish contact with the client. For security reasons we will not send statements or cards to a client who has a dormant account. If you have money in a dormant account or lost account, it will always be your property (or if you die, it will become part of your estate). This is the case no matter how many years pass.

Investment Management

If you believe you have money or assets with National Treasury Bank & Co., Limited that are in a dormant or lost account, please contact us and ask to speak to a member of the Investment Management team.

We are covered by the Financial Services Compensation Scheme (“FSCS”). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors – including most individuals and small businesses – are covered by the scheme.

From 1st January 2016 all eligible depositors are entitled to claim up to £85,000.

For joint Accounts each Account holder is treated as having a claim in respect of their share so, for a joint Account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor’s Accounts with the bank including their share of any joint Account, and not to each separate Account.

For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim) please speak to your Private Banker, refer to the FSCS.

Please note only compensation related queries should be directed to the FSCS.