Compliance Department

Mr. 

Chief Compliance Officer (CCO)

 

Compliance Department:

Compliance Department is functioning independently under the article 57 banking law of Afghanistan and is reporting to the Board of Supervisors of the bank. Compliance Department at Pashtany bank is jointly working with the management to identify and manage regulatory risk. Compliance Department perform its duties in order to ensure the routine monitoring of compliance with the banking laws of the Afghanistan, Anti-Money Laundering (AML) & Combating the Financing of Terrorism (CFT) laws and regulations, international standards, requirements by correspondent banks, corporate governance rules, codes and policies applicable to the bank in detecting and preventing wrongdoing.Compliance team works towards designing and implementing solutions to address any legal and reputational risks. Pashtany Bank Compliance function is equipped with the smart technologies, Thomson Reuters Acquity software, Financial Crime Compliance Management Solution (FCCM) and has multiple potential applications in the context of compliance. These technological tools offer a route to significant efficiency gains and can help Pashtany Bank compliance function work more effectively.The only goal of compliance department is to enhance the compliance culture, ensure compliance of the regulatory requirement, instructions, and to reduce the non-compliance matters in the Bank’s day to day operations.