saib works to make Compliance with its comprehensive meaning the focus of attention of all the bank’s employees and consider it an integral part of the bank’s commercial activities. the bank senior management work on holding the Bank to high standards when carrying on business, and at all times strive to observe the spirit as well as the letter of the law.

Compliance department main functions are observing proper standards of market conduct, managing conflicts of interest, treating customers fairly, and ensuring the suitability of customer advice. Compliance functions also include specific areas such as the prevention of money laundering and terrorist financing, and extended to different laws and regulations that are relevant to the structuring of banking products or services.

Therefore saib believes that Compliance should be part of the culture of the organization; it is not just the responsibility of specialist compliance staff.