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Introduction to the Office of the Compliance Monitor
December 14, 2021
(Introduction to the Office of the Compliance Monitor)
The Central Bank of Iraq has worked on updating and developing the mechanisms of the Office of the Compliance Monitor in line with leading practices and has
issued laws and instructions that will enhance the role of the office in managing compliance risks and reduce the possibility of their occurrence and
the consequences if the bank is exposed to one of these risks in order to be able to address the negative repercussions of compliance risks in This bank, and
supporting institutional governance and protection from reputational risks to ensure the safety and stability of the financial and banking sector.
The main tasks of the Compliance Controller office are to follow up and test the compliance of the various departments of the bank with international requirements, instructions, local laws and leading practices, as well as providing advice and advice to management on applicable laws, regulations and standards..
Introduction to the Office of the Compliance Monitor
December 14, 2021
(Introduction to the Office of the Compliance Monitor)
The Central Bank of Iraq has worked on updating and developing the mechanisms of the Office of the Compliance Monitor in line with leading practices and has
issued laws and instructions that will enhance the role of the office in managing compliance risks and reduce the possibility of their occurrence and
the consequences if the bank is exposed to one of these risks in order to be able to address the negative repercussions of compliance risks in This bank, and
supporting institutional governance and protection from reputational risks to ensure the safety and stability of the financial and banking sector.
The main tasks of the Compliance Controller office are to follow up and test the compliance of the various departments of the bank with international requirements, instructions, local laws and leading practices, as well as providing advice and advice to management on applicable laws, regulations and standards..
