The Asian Bankers Association (ABA) and Fintelekt Advisory Services, an official ABA Knowledge Partner, invite fellow bank members and friends to join a webinar on “Business Compliance” on May 3, 2023 at 11:00 am to 12.00 pm IST / 1.30 pm to 2.30 pm SGT
Why is this topic important?
The true cost of non-compliance isn’t just limited to regulatory fines, but includes reputational damage, loss of customers and potential investors, and business disruption.
Business teams form the first line of defence and need to be adept at managing risks and staying compliant with regulations. Thus, financial institutions must equip them with the required understanding of AML/CFT compliance to detect and prevent activities that can potentially pose a risk to the institution.
It is imperative that business teams understand the spirit behind compliance and inculcate it in their day-to-day activities.
What will the session include?
This session will address the following key issues:
- Creating and implementing a comprehensive AML/CFT Compliance policy
- Investing in capacity building and ongoing training of the first line of defence
- Creating a culture of compliance amongst the business teams
Interested parties may register HERE.