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09:34 Mar 21, 2014 |
Bulgarian to English translations [PRO] Finance (general) | |||||||
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| Selected response from: Kalinka Hristova Bulgaria Local time: 08:33 | ||||||
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Summary of answers provided | ||||
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4 +4 | Compliance Department |
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3 +1 | Compliance Division |
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Отдел \"Правомерност\" Compliance Division Explanation: Compliance Division |
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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 |
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