Al Baraka Group hosts 1st AGCM
Updated 12/10/2024 10:10:00 AM
Arab Finance: Al Baraka Group held its first Annual Group Compliance Meeting (AGCM) at its headquarters in Bahrain, with the participation of all its subsidiaries, on December 2nd and 3rd, as per an emailed press release.
Chaired by Khaled Ateeq, the Chairman of the Compliance and Governance Board Committee, the meeting was attended by the Central Bank of Bahrain.
The event tackled the latest developments in compliance and Anti-Money Laundering (AML) trends and typologies.
It also covered ways to enrich a culture of compliance and upgrade its sanctions controls.
This is in addition to discussing the importance of sharing updates, challenges, and strategies among the heads of compliance and MLRO’s across the group’s various subsidiaries.
“By prioritizing compliance, we are not only fulfilling our legal/regulatory obligations but also safeguarding our reputation and strengthening our market position,” Ateeq in his speech.
“Moreover, our compliance programs must also align with our company values and ethical principles to maintain the trust of our stakeholders and the communities we serve,” he added.
Related News
