Compliance

AUB Compliance

Compliance Technological Tools

AUB Compliance department is equipped with the most robust technological tools for:

1 - Sanctions Screening

2 - Large cash transactions Reporting & Suspicious Transaction and Activity Reporting.

3 - Safe Watch Profiling for transaction monitoring.

These tools are used daily which makes our Compliance function robust and ensures our commitment to implementation of policies and procedures in line with Regulatory & Global practices.

Enterprise Wide Risk Assessment (EWRA)

The Bank is in compliance with the Risk-Based Approach (RBA) and has designed effective methodology adopted to conduct the annual Risk Assessment based on different risk factors for EWRA. The board of supervisors and the board of management of the bank are ensuring to be abreast of the regulatory and international standards in terms of strong compliance. The ultimate outcome of the EWRA is to streamline the bank compliance standards and assign the required risk to its products, services, customer types, delivery channels based on geography.

Compliance Culture in the AUB Environment

AUB Compliance Department has designated Compliance Champions throughout the bank to ensure robust compliance on bank-wide basis. The objective of the Compliance culture is to ensure spread of awareness and compliance to the AML/CFT & Sanctions.

Training and Awareness on AML/CFT & sanctions

It is an on-going exercise in the Bank based on the annual capacity-building Plan of the Bank. Therefore, training is conducted for the entire staff including for the Board of Management (BoM) and Board of Supervisors (BoS).