Compliance
ABN AMRO is committed to further build a compliance function within the bank that is best-in-class in all jurisdictions we operate in and that will serve as a benchmark for the financial services industry.
On 1 January 2005, the compliance function within ABN AMRO adopted a global centralised structure covering all of ABN AMRO's operations and major subsidiaries worldwide. In this structure, compliance officers throughout the bank have separate reporting lines to Group Compliance as well as their local reporting lines.
The main functions and tasks of Group Compliance are to:
identify, measure and assess compliance risks
assist in managing and mitigating compliance risk
educate and train our employees on compliance matters
monitor key compliance activities and report appropriately to management
coordinate and assist in managing the relationships with regulators
provide an annual compliance programme
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