REGULATORY COMPLIANCE IN THE BANKING INDUSTRY
As in many countries of the world, the banking industry is put under serious scrutiny through regulations due to the nature of its activities. The role of banks in the mobilization of funds is considered important to the direction and pace of economic growth and development. Banks not only provide a gateway into the financial system, they also facilitate the movement of funds and the processing of large amounts of personal data. The nature of their business make them a target for a range of crimes from identity theft and money laundering to ransomware attacks and other threats. As a result, banks are subject to strict government oversight and intense regulatory scrutiny.
For further discussion and assistance with filing any of your organization’s compliance returns to the Corporate Affairs Commission, as well as providing you with Board Evaluation and Nominee services, please contact us at firstname.lastname@example.org or any of the team member below:
+234 803 738 4994
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