compliance function definition
compliance function means the function of having responsibility for ensuring compliance by the licensee with its regulatory obligations;
compliance function means an independent function that identifies, assesses, advises on, monitors and reports on the Bank’s compliance risk, that is the risk of legal or regulatory sanctions, financial loss, or loss to reputation the Bank may suffer as a result of its failure to comply with all applicable laws, guidelines, codes of conduct and standards of good practice.
compliance function means the Compliance Department in the Group. “Confidential Information” means any information that is confidential in nature or sensitive and/or not generally available to the public and in this Policy includes:(a) information about the identity, rank, position or other personal details of a Whistleblower;(b) a person against whom a Whistleblower has made a disclosure;(c) information disclosed by a Whistleblower; or(d) information that, if disclosed, may cause detriment to a person. “Detrimental Action” has the meaning ascribed to it in Clause 7 of this Policy. “Misconduct” means any conduct which, if proved, constitutes a misconduct in employment including but not limited to any criminal offence or any conduct that constitutes a, wrongdoing or malpractice and any breaches of the Group’s Code of Conduct, policies, and manuals and/or any other conduct as more particularly described in Clause 4.2. “Third Party” means any individual or organisation that the Employee comes into contact with during the course of work and the running of the Group’s business, and includes business partners, actual and potential clients/customers, intermediaries, referrers of work, vendors, suppliers, contractors, sub-contractors, service providers, distributors, dealers, roaming partners, resellers, business contacts, business associates, consultants, agents or their personnel (which includes agency staff), representatives, advisers, Public Body (including their advisers, representatives and officials), politicians and political parties. “Whistleblower” means the person making a disclosure or allegation against another of any concern related to any Misconduct that is relevant to the employment or contractual relationship with the Group.
More Definitions of compliance function
compliance function means the corporate function responsible for assessing the compliance of business activities with applicable rules and regulations;
compliance function means the independent function that identifies, assesses, monitors and reports on the licensee’s compliance risk, including the provision of compliance training to member of staff and having responsibility for ensuring compliance by the licensee with its regulatory obligations;
compliance function means the Compliance Function within Loyens & Loeff which consists of the General Compliance Function and the Local
compliance function means compliance with the relevant laws and regulations and instructions of the regulatory organization of Mongolia in the company's operations, fulfilling their legal requirements in a timely manner, as well as ensuring the prevention of MLTF, and other obligations under international agreements. to implement special regulations and to be free from conflicts of interest and adhere to the code of ethics;