FUNDAMENTALS OF COMPLIANCE CONTROL ORGANIZATION IN THE ACTIVITIES OF COMMERCIAL BANKS

Compliance control is a cornerstone of effective governance in commercial banks, ensuring adherence to legal, regulatory, and ethical standards. This article explores the fundamentals of organizing compliance control, emphasizing its importance in mitigating risks, maintaining trust, and fostering operational integrity. Key components of an effective compliance framework, including risk assessment, policy development, training, technology integration, and internal audits, are discussed in detail. The article also highlights challenges such as regulatory complexity, cost implications, and technological barriers, offering best practices like adopting a risk-based approach, leveraging advanced technologies, and fostering a culture of compliance. By implementing robust compliance control systems, banks can enhance their reputation, ensure sustainability, and navigate the complexities of a dynamic regulatory landscape.

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Publication Details

Journal
Zenodo (CERN European Organization for Nuclear Research)
Published
2025-01-26
DOI
https://doi.org/10.5281/zenodo.14741464
Primary Topic
Global Political and Economic Relations
Type
article
Field-Weighted Citation Impact
0.00
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article

FUNDAMENTALS OF COMPLIANCE CONTROL ORGANIZATION IN THE ACTIVITIES OF COMMERCIAL BANKS

Zenodo (CERN European Organization for Nuclear Research)
Global Political and Economic Relations
article

FUNDAMENTALS OF COMPLIANCE CONTROL ORGANIZATION IN THE ACTIVITIES OF COMMERCIAL BANKS

article en

Abstract

Compliance control is a cornerstone of effective governance in commercial banks, ensuring adherence to legal, regulatory, and ethical standards. This article explores the fundamentals of organizing compliance control, emphasizing its importance in mitigating risks, maintaining trust, and fostering operational integrity. Key components of an effective compliance framework, including risk assessment, policy development, training, technology integration, and internal audits, are discussed in detail. The article also highlights challenges such as regulatory complexity, cost implications, and technological barriers, offering best practices like adopting a risk-based approach, leveraging advanced technologies, and fostering a culture of compliance. By implementing robust compliance control systems, banks can enhance their reputation, ensure sustainability, and navigate the complexities of a dynamic regulatory landscape.

Zenodo (CERN European Organization for Nuclear Research)
Institute of Finance and Banking (CN)
Openalex Percentile: Top 47%
Global Political and Economic Relations
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FUNDAMENTALS OF COMPLIANCE CONTROL ORGANIZATION IN THE ACTIVITIES OF COMMERCIAL BANKS · Zenodo (CERN European Organization for Nuclear Research) (2025) | TGRS Research Map | TGRS