Compliance Unit

The Compliance Unit aims at insulating the Bank from risks that could arise from Non-Compliance with laws of Ghana, banking rules and regulations, and prescribed practices both International and Local.

The Compliance function perform the following duties:

• Ensure compliance with Bank of Ghana directives and provisions of the Banking Act, 2004 (Act 673)
• Ensure timely and accurate submission of BSD returns to Bank of Ghana
• Ensure compliance with the bank’s internal policies and procedures
• Ensure timely rectification of concerns raised by Bank of Ghana in their role as supervisors, External Auditors and Internal Auditors
• Ensure compliance with budgetary and strategic plan targets and provisions
• Ensure compliance with terms and conditions governing external borrowings
• Ensure compliance with the requirements of the International KYC Policy
• Ensure compliance money laundering regulations