BANKING COMPLIANCE FUNCTION(COMPARATIVE STUDY BETWEEN COMMERCIAL & ISLAMIC BANKS)

BANKING COMPLIANCE FUNCTION(COMPARATIVE STUDY BETWEEN COMMERCIAL & ISLAMIC BANKS)

  • Nagham H. Neama
  • Yousif K. Gatan
Keywords: Keywords: Banking compliance, interior control tools, anti money laundering, sanctions.

Abstract

Never the less, banking compliance function became one of the most important functions in banking sector according to its characteristics that considered as an interior control tools to control (executive management, departments, subsidiaries…etc) in any bank; and their compliance towards applying rules, recommendations and legislations. In addition to, estimating the risks and limited them; and controlling the anti-money laundering. Thus, these functions that covered the main concept of (Banking Compliance) would avoid the bank to be under the control of any sanctions.

 

Author Biographies

Nagham H. Neama

1Prof. PhD., Business Administration College of Business Economies, Al Nahrain University. Baghdad. Iraq. [email protected]

Yousif K. Gatan

2M.Sc. Student, College of Business Economies, Al Nahrain University, Baghdad. Iraq. [email protected]

Published
2021-06-30
How to Cite
Neama, N., & Gatan, Y. (2021). BANKING COMPLIANCE FUNCTION(COMPARATIVE STUDY BETWEEN COMMERCIAL & ISLAMIC BANKS). Iraqi Journal of Market Research and Consumer Protection, 13(1), 26-31. Retrieved from https://jmracpc.uobaghdad.edu.iq/index.php/IJMRCP/article/view/226