Zimbabwe’s Financial Institutions Embrace Compliance Training through COSoZ Partnership
Strengthening Regulatory Compliance and Ethics in Zimbabwe’s Financial Sector
In a significant move aimed at enhancing regulatory compliance and ethics in Zimbabwe’s financial sector, the Compliance Officers Society of Zimbabwe (CoSoZ) has partnered with the Insurance and Pensions Commission (IPEC), the insurance and pensions regulator. This partnership is expected to promote international best practices in regulatory compliance and ethics.
CoSoZ: A Standard-Setting Body for Regulatory Compliance and Ethics
As a standard-setting body, CoSoZ aims to develop high standards of regulatory compliance and ethics in the financial services industry. Founded in 2016, the organization has been instrumental in promoting ethical conduct among financial institutions in Zimbabwe.
Partnership Highlights
- CoSoZ will offer updated compliance training courses covering various aspects of regulatory compliance, including:
- Principles-based Code of Ethics and Professional Conduct
- Training programs are designed to equip compliance professionals with the necessary skills to navigate complex regulatory requirements
- Ensure that financial institutions operate in a manner that is transparent, fair, and ethical
Benefits for CoSoZ Members
- Participation in society activities, including voting at the annual general meeting
- Eligibility for nomination
- Networking opportunities with other compliance professionals representing various sectors within the financial industry, which can lead to career advancement
IPEC’s Commitment to Improving the Regulatory Framework
IPEC’s decision to partner with CoSoZ is part of its efforts to improve the regulatory framework for insurance and pensions in Zimbabwe. The commission recognizes the importance of compliance training in promoting a robust and sustainable financial system.
Contact Information
For more information on CoSoZ and its services, please do not hesitate to contact them.