Bank Islam Integrated Annual Report 2020

170 Accountabi l i t y Leader ship Financ ial Statement s STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL FRAMEWORK ¶Kť :ÝÃĀ¸Ž Ç:K ŽÇŽěŽ ěŽřKČ yÝĄ yťѵѳѵѳ ČʍƺƺljɰɰǹʍȢ Ȉɰɰʍƃȶƺlj Ɂǹ øӣ:yěӣěyČ ɨljȢƃɽljǁ ĀɁȢȈƺʰ ƃȶǁ ĀɨɁƺljǁʍɨljɰ Ȉȶ ƃƺƺɁɨǁƃȶƺlj ʥȈɽȃ ɨljʤȈɰȈɁȶ ȴƃǁlj ƹʰ 9ÇÃӝ ѷ ĀɁȢȈƺʰ ƃȶǁ ɥɨɁƺljǁʍɨljɰ documents on Financial Crime Compliance were Ȉɰɰʍljǁ Ȉȶ ѵѳѵѳӝ ĀɨɁǁʍƺljǁ ɽƃȈȢɁɨljǁ ljӸȢljƃɨȶȈȶǼ Ɂȶ :ɁȴɥȢȈƃȶƺlj ɽɁɥȈƺɰ ǹɁɨ ɰɥljƺȈǹȈƺ ɨɁȢljɰӝ ѵ ljӸȢljƃɨȶȈȶǼɰ ʥljɨlj ɥɨɁǁʍƺljǁ ǹɁɨ ÝɥljɨƃɽȈɁȶɰ ÝǹǹȈƺljɨ ӯÝÝӰ ծ :ʍɰɽɁȴljɨ ČljɨʤȈƺlj Officer (CSO). ѵѳ refresher courses, update meetings and intensive trainings were conducted to all levels in the bank. Introduced a series of publications regarding Compliance matters. Ѹ :ɁȴȴʍȶȈɧʍNjɰ ʥljɨlj Ȉɰɰʍljǁ Ȉȶ ѵѳѵѳӝ Ѻѹ ÃƃȶʍƃȢ ɨljʤȈljʥɰ were conducted. Interactive engagement between Compliance and stakeholders - received overwhelming feedback. Compliance is more friendly and facilitating Business. ::Ýԇɰ ɁȶǼɁȈȶǼ ljǹǹɁɨɽɰ ɽɁ ʍȶǁljɨɰɽƃȶǁ ƃȶǁ ǹƃƺȈȢȈɽƃɽlj ƹɨƃȶƺȃljɰ ƃȶǁ 9ĩɰӝ :Ɂȶǁʍƺɽljǁ ŽȶɰɽȈɽʍɽȈɁȶƃȢ ĄȈɰȟ ɰɰljɰɰȴljȶɽ ɽɁ ƃɰɰljɰɰ ɽȃlj øӣěy ɨȈɰȟ Ɂǹ ɽȃlj 9ƃȶȟӝ The remediation shall protect the Bank and its customers in combating money laundering/terrorism financing and other financial crimes. ěÃĩ ȃƃǁ ɰʍƺƺljɰɰǹʍȢȢʰ ȈȴɥȢljȴljȶɽljǁ ɰljʤljɨƃȢ ȟljʰ ȈȶȈɽȈƃɽȈʤljɰ ʥȃȈƺȃ ȢljʤljɨƃǼlj Ɂȶ artificial intelligence and machine learning to enhance the transaction monitoring. Key projects ʥljɨlj ɰʍƺƺljɰɰǹʍȢȢʰ ƺɁȴɥȢljɽljǁ Ȉȶ ѵѳѵѳ Ȉljӝ Kȶȃƃȶƺljȴljȶɽ ɽɁ ɽȃlj ɨʍȢljɰӗ ɨljɥɁɨɽɰ ƃȶǁ ɥƃɨƃȴljɽljɨɰ ljȶȃƃȶƺljȴljȶɽ Ȉȶ ø Čʰɰɽljȴӗ :ěĄ ƃȶƃȢʰɽȈƺƃȢ system for auto analyst, validation of screening capability, trade-based money laundering system capability. POLICY & GUIDELINE ISSUANCE E-LEARNING & CERTIFICATIONS COMMUNIQUÉ AML/CFT REVIEW ON MANUALS AML RISK ASSESSMENT DIGITALISATION OF ALERTS