CCCOBIN

Sunday, Apr 21st

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Aims and Objectives

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  • To encourage and facilitate a forum for interaction and the exchange of information, ideas and experiences among the members and other stakeholders;
  • To encourage and promote the culture of compliance among Nigerian banks in particular and the Nigerian financial services industry in general;
  • To collaborate with law enforcement agencies and regulators in the fight against money laundering and terrorist financing risks in Nigerian banks in particular and the Nigerian financial services industry in general;
  • To develop and promote training and awareness programmes in the area of compliance within the Nigerian banking sector in particular and the Nigerian financial services industry in general;
  • To generate synergy necessary for the development and effective implementation of compliance related policies among Nigerian banks;
  • To identify, develop, encourage and promote the implementation of best practices and standards on compliance matters among Nigerian banks in particular and the Nigerian financial services industry in general;
  • To articulate and contribute views on the formulation and implementation of compliance related policies, laws and regulations in Nigeria;
  • To promote the professional status, image and credibility of its members and their banks;
  • To facilitate better relationships among the members and their banks on the one hand, and the regulators and law enforcement agencies on the other hand, on compliance related matters;
  • To alert members of new developments and trends in money laundering typologies and changes to, laws and regulations, and the interpretation and application of such by the relevant authorities;
  • To intimate members on emerging trends on new typologies as regards compliance;
  • To build rapport between organisations on compliance issues and to create liaison with similar organisations in other countries;
  • To articulate ideas that may lead to the establishment of an Institute of Compliance for Nigerian banks in particular and the Nigerian financial services industry in general;
  • To do all such other lawful things as are, or may be, incidental or conducive or ancillary to, or necessary for the attainment of the above aims and objectives; and
  • Such other aims and objectives that the Committee may determine, from time to time.