Adaptation has important functions for the development of development banking
According to financial news, Mohammad Jaafar Irani, a member of the Board of Directors of Tehsehe Ta’afov Bank, in the bank’s implementation committee, said: Along with the developments of the banking system in Iran and the world, there is a need for compatible procedures and processes between different banks to advance communication and manage transactions and continue cooperation.
He added: In addition to this, banks always support the real sectors of the economy and take care that banking services are provided to healthy and non-corrupt sectors in a legal manner, therefore it is necessary to comply with the rules and frameworks to avoid providing services to unauthorized economic sectors.
Irani pointed out: by promoting corporate governance among the country’s banks, the occurrence of administrative and financial processes in accordance with its requirements is very important, and the bank’s compliance unit can take care of the compliance of corporate governance.
A member of the board of directors of Tehsehe Cooperative Bank said: Bank enforcement committee consisting of elites and experts in banking law can play an effective role in monitoring and directing the bank enforcement unit.
Irani emphasized: The purpose of the bank’s compliance unit is to help senior management in effective risk management of compliance risks and also to ensure compliance with laws, regulations and standards with an approach based on monitoring and warning.
The head of the implementation committee stated: One of the functions of the implementation unit is to identify, evaluate, measure, monitor and report and continuously monitor the implementation risk.
Irani continued: The supervisory authorities of the banking industry and especially the Wing Committee since 1974 have pursued important goals regarding the supervision of monetary and banking systems and especially the establishment of the compliance unit, which is to maintain the good reputation, reputation and credibility of the bank, develop and promote a culture of compliance. to the laws and regulations in the bank, interacting with the relevant departments regarding the training of employees and empowering them in the field of compliance with the laws and regulations, maintaining the stability of the bank’s operations and the compliance of the bank’s services and products with the relevant legal requirements, creating the necessary grounds for recognizing and complying with the laws and regulations by customers and employees of the bank and reducing costs caused by negligence and fault in complying with laws and regulations are among these goals.
The member of the Board of Directors of Tehsehe Cooperative Bank reminded: for the effectiveness of the compliance unit, it is necessary to comply with some principles, such as the code of ethics of the employees, explaining the position of the compliance unit in the bank and credit institution, determining the functions and responsibilities of the compliance unit, explaining the limits of the powers of the compliance unit, ensuring independence. The compliance unit determines the reporting requirements regarding the compliance risk and determines how the control functions of compliance policies and principles of the compliance unit in the bank are performed.
In explaining the duties of the enforcement unit, he said: The enforcement unit is responsible for communicating and ensuring the establishment and implementation of the policy of compliance and regulations at all levels of the bank, and in case of any cases of non-compliance with the rules and regulations within the framework of the policy of the board of directors, guidelines and recommendations are observed. It provides the necessary to eliminate the deficiencies to the relevant executive unit and, if necessary, to the higher levels of the bank.
Irani said: The enforcement unit reports any important violations of laws and regulations as soon as possible and submits periodic reports to the High Compliance Committee and the bank’s board of directors regarding the status and quality of compliance with the bank’s laws and regulations.
The member of the board of directors and the head of the implementation committee of the Cooperative Development Bank reminded: Bank employees have special experiences in the correct implementation of processes and notifications of upper bodies, and it is considered that during processes using the valuable capacity of employees’ experiences, the bank’s procedures are in full compliance with laws and regulations. .
It is worth mentioning that Khalil Hayat Moghadam, Rabia Skini, Alireza Iranshahi and Masoud Kakavand, among the legal experts of the country and as members of the implementation committee, presented important information regarding the frameworks and high supervision of the activities of the Bank’s Implementation Department. Mahdieh Ebrahimi, head of the General Directorate of Enforcement of Laws and Regulations, was also present in this meeting.