compliance review

COMPLIANCE REVIEW


The Bank’s Compliance Function is responsible for the identification and management of Compliance and Money Laundering Risk. Internal control and risk mitigation measures are put in place and implemented to ensure compliance with the relevant laws, regulations and internal policies and procedures.
As per the approved Compliance Plan, Compliance reviews of departments are conducted and reports are duly submitted to Senior Management, the Compliance Committee, Audit Committee of the Board and the Board of Directors.


VIEW THE COMPLIANCE SECTION IN OUR ANNUAL REPORT
compliance review

ENGAGING WITH OUR STAKEHOLDERS

  • Stakeholder Group

    Government Regulatory authorities

  • How the Bank engages with the stakeholders

    • Regular meetings between the bank and regulators
    • Workgroups on issues and Regulatory Guidelines
    • Written communication
    • Onsite and offsite supervision by the regulators
    • Trilateral meeting
    • Regulatory Approvals
  • Their contribution to value creation

    • The regulator provides the enabling regulatory framework.
  • What the stakeholders expect from us

    • Providing banking services in a transparent, secure and responsible way
    • Ensuring customer satisfaction
    • Complying with acts, regulations and guidelines
  • What concerns the stakeholders

    • Products and services being provided and their communication
    • Compliance with acts and regulations
    • Transparency and accessibility to correct information
    • The bank’s duty of confidentiality
    • Appropriate Customer Due Diligence and KYC