Times of Oman2
Price in RO
24ct / gm
22ct / gm
Forex Rates vs R01
Back to Homepage
Bank Muscat hosts compliance forum
Times News Service
December 22, 2013 , 8 : 35 am GST
SAVE THIS ARTICLE
The meeting was attended by representatives from HSBC Oman, Al Ahli Bank, BankDhofar, Bank Sohar, NBO, QNB, Izz Bank, Nizwa Bank and Oman Arab Bank. Photo ó Supplied
Bank Muscat, the flagship financial services provider in the Sultanate, hosted the Oman Banking Compliance Forum attended by representatives of all major banks in the Sultanate.
The forum was established with the support of the CBO as a platform for compliance officers to discuss and share approaches in the areas of compliance, anti-money laundering (AML) and corporate governance.
Each year, the forum hosts four meetings in which compliance officers discuss important regulatory matters and also invite specialist guest speakers on topics such as FATCA, AML, fraud prevention and Basel developments. The forum is chaired this year by Muayad Mahmood Bahram, Compliance Manager at Bank Muscat.
Abdul Razak Ali Issa, Chief Executive of Bank Muscat, expressed delight in hosting the forum and said: "Bank Muscat is at the forefront of corporate governance in the region and lays emphasis on the assurance functions so as to ensure the business has support in delivering efficient products and services conforming to the highest compliance standards. This helps us in doing business the right way, which is the foundation of our offering."
Aimed at enhancing the robust corporate governance culture in Oman, the forum serves as a platform for compliance officers of all banks in the Sultanate to share knowledge and best practices in the areas of compliance, corporate governance and anti-money laundering. The meeting was attended by representatives from HSBC Oman, Al Ahli Bank, Bank Dhofar, Bank Sohar, National Bank of Oman (NBO), Qatar National Bank (QNB), Izz Bank, Nizwa Bank and Oman Arab Bank.
Rate this Article
Rates : 1, Average : 5
Post a Comment
Did you like this section? Leave a comment!
Your Name :
Your Email Address :
Your Comment :
Enter Image Text:
No Comments Posted
Latest in this section
Bank Muscat opens new branch in Bidaya
BankDhofar posts OMR10m net profit in first quarter
Omanís medical insurance shows maximum growth
Oman business news in brief - April 20
New MSM Sharia index debuts on Sunday
TOP RATED ARTICLES
Twitter blocks two accounts on its Turkish network
Yoga may help women ease posttraumatic stress disorder symptoms
At least 42 dead in Pakistan road accident: police
Oman anti-monopoly law soon, says Rafd CEO
Fahad Al Ghadani
Oman to have new honorary Canadian consul soon: Canada FM
More in News
More than just a moustache - Adolf Hitler vs Charlie Chaplin
Urban gardens greening Berlin rooftops, airfield
Italian violinist strikes a chord with street children
Tips for writing a good article
How to choose your writing form and communicate your creative thoughts
Natasja Engholm - Special to Times of Oman
More in Features
Indian women target of a vicious campaign
Target the companies that pollute most
Assaad W Razzouk
Turkey must take the lead role to end conflict in Syria
Attempts to remake Eden are dangerous
Efforts on to wash off Japanís war crimes
More in Columns
Get Top news by E-mail.
Copyright © 2012 Muscat Press & Publishing House SAOC. All rights reserved. Times of Oman is not responsible for the content of external internet sites.
For reprint rights contact:
TOO Online Editorial