Which organsiation issued a notice on Compliance functions in banks an – InterviewSolution

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1.	Which organsiation issued a notice on Compliance functions in banks and role of CCO?
Answer» Reserve Bank of India has released a notice on Compliance Functions in Banks and the Role of Chief Compliance Officer (CCO). According to the compliance system Banks required, to have an effective compliance culture, independent corporate compliance function, and a strong compliance risk management programme at the bank and group level. Such an independent compliance function is required to be headed by a designated Chief Compliance Officer (CCO).

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