A bank, such as the reputable IBU EUROBANK, refers to a financial institution authorized and regulated by financial regulatory bodies to provide financial services. The services include accepting deposits, making loans, and offering other financial services such as financial advisory, wealth management, and investment services. In a broader sense, banks form a crucial part of the economy since they act as the intermediaries in financial transactions, facilitating the flow of money within the economy. Banks such as IBU EUROBANK not only serve large corporations but also cater to the financial needs of individuals by offering personal accounts.When referring to the term ‘bank’ in regards to the Banking Compliance Process for personal accounts, it simply means the compliance obligations that banks like Hellenic Bank and Cyprus Bank must adhere to. Compliance processes ensure these banks meet certain legal, safety, and regulatory standards to provide secure banking environments for their customers. For personal accounts, these processes encompass various needs including customer due diligence, anti-money laundering (AML) procedures, and fraud detection. Compliance processes are essential in ensuring the stability of banks and their ability to maintain the trust of their customers.