Отдел "Правомерност"

English translation: Compliance Department

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Bulgarian term or phrase:Отдел \"Правомерност\"
English translation:Compliance Department
Entered by: Silvina Gospodinova

09:34 Mar 21, 2014
Bulgarian to English translations [PRO]
Finance (general)
Bulgarian term or phrase: Отдел "Правомерност"
Отдел в банка, който изпраща писмо до следовател
Silvina Gospodinova
United Kingdom
Local time: 06:33
Compliance Department
Explanation:
http://www.investopedia.com/terms/c/compliancedepartment.asp

Definition of 'Compliance Department'

The department or unit within a brokerage firm, bank or financial institution that ensures compliance with all applicable laws, rules and regulations. The compliance department generally has a wide range of roles and responsibilities within a firm. Depending on the business of the financial institution, these duties may range from monitoring trading activity, preventing conflicts of interest and ensuring compliance with regulations at brokerage firms, to preventing money laundering and potential tax evasion at large banks.

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Note added at 16 mins (2014-03-21 09:50:59 GMT)
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https://www.db.com/cr/en/concrete-compliance.htm

Our Compliance Control Framework


The Compliance department of Deutsche Bank is independent of our operational business. Using our Compliance Control Framework as a basis, we are raising the level of awareness of conformity with the law in our operational business areas. The framework specifies the functions of the Compliance team in detail.

The team is responsible for: providing advice to individual business units on applicable laws, directives, standards, and regulations as well as providing compliance support
monitoring trades, transactions and business processes in order to identify any potential compliance risk
developing globally or locally applicable principles, standards and guidelines for Compliance, communicating them and verifying adherence
maintaining the Bank’s internal watch and restricted lists of projects to which special attention must be paid
helping to achieve adherence to the Bank’s internal confidentiality regulations (‘Chinese walls’)
implementing any measures arising from the anti-money laundering program
ensuring that any occurrences which give reason to suspect money laundering or the financing of terrorism are identified and reported to law enforcement authorities
providing regular training and education for staff on the applicable regulations, rules and internal standards
coordinating risk control and monitoring the management of reputational risk
communicating with regulatory agencies around the world on a daily basis
Selected response from:

Kalinka Hristova
Bulgaria
Local time: 08:33
Grading comment
Благодаря!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +4Compliance Department
Kalinka Hristova
3 +1Compliance Division
Kalinka Petkova


  

Answers


14 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
Отдел \"Правомерност\"
Compliance Division


Explanation:
Compliance Division

Kalinka Petkova
Bulgaria
Local time: 08:33
Specializes in field
Native speaker of: Native in BulgarianBulgarian, Native in EnglishEnglish

Peer comments on this answer (and responses from the answerer)
agree  Petar Tsanev
3 mins
Login to enter a peer comment (or grade)

15 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +4
Compliance Department


Explanation:
http://www.investopedia.com/terms/c/compliancedepartment.asp

Definition of 'Compliance Department'

The department or unit within a brokerage firm, bank or financial institution that ensures compliance with all applicable laws, rules and regulations. The compliance department generally has a wide range of roles and responsibilities within a firm. Depending on the business of the financial institution, these duties may range from monitoring trading activity, preventing conflicts of interest and ensuring compliance with regulations at brokerage firms, to preventing money laundering and potential tax evasion at large banks.

--------------------------------------------------
Note added at 16 mins (2014-03-21 09:50:59 GMT)
--------------------------------------------------

https://www.db.com/cr/en/concrete-compliance.htm

Our Compliance Control Framework


The Compliance department of Deutsche Bank is independent of our operational business. Using our Compliance Control Framework as a basis, we are raising the level of awareness of conformity with the law in our operational business areas. The framework specifies the functions of the Compliance team in detail.

The team is responsible for: providing advice to individual business units on applicable laws, directives, standards, and regulations as well as providing compliance support
monitoring trades, transactions and business processes in order to identify any potential compliance risk
developing globally or locally applicable principles, standards and guidelines for Compliance, communicating them and verifying adherence
maintaining the Bank’s internal watch and restricted lists of projects to which special attention must be paid
helping to achieve adherence to the Bank’s internal confidentiality regulations (‘Chinese walls’)
implementing any measures arising from the anti-money laundering program
ensuring that any occurrences which give reason to suspect money laundering or the financing of terrorism are identified and reported to law enforcement authorities
providing regular training and education for staff on the applicable regulations, rules and internal standards
coordinating risk control and monitoring the management of reputational risk
communicating with regulatory agencies around the world on a daily basis


    Reference: http://www.investopedia.com/terms/c/compliancedepartment.asp
Kalinka Hristova
Bulgaria
Local time: 08:33
Works in field
Native speaker of: Native in BulgarianBulgarian
PRO pts in category: 12
Grading comment
Благодаря!

Peer comments on this answer (and responses from the answerer)
agree  Petar Tsanev
2 mins
  -> Благодаря!

agree  Ekaterina Kroumova
14 mins
  -> Благодаря!

agree  Ana Dimitrova
3 hrs
  -> Благодаря!

agree  Krasimira Kalcheva
3 hrs
  -> Благодаря!
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