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Rawbank’s Compliance Committee Takes Center Stage

Kinshasa, Democratic Republic of Congo - Rawbank, one of the largest banks in the Democratic Republic of Congo, has made significant strides in strengthening its compliance committee.

Key Figures Driving the Initiative

The bank’s Deputy Managing Director, Christian KAMANZI, Compliance Director, Isaac KALALA, Commercial Director, Etienne MABUNDA, Banking Production Director, Jean Jacques KABWE, and Regional Directors, Hugues BOSALA (KIN Region) and Arnaud COUPE (SOUTH Region), are among the key figures driving this initiative.

Structure of the Compliance Committee

The Compliance Committee is divided into four divisions:

  • Financial Security: Ensures the bank’s financial transactions are secure and compliant with international standards.
  • Systems and Analysis: Analyzes data to identify potential risks and ensures that systems are in place to mitigate them.
  • Support and Facilitation: Provides support and facilitation for all compliance-related activities across the organization.
  • Corporate Social Responsibility (CSR): Focuses on ensuring the bank’s operations are socially responsible and compliant with international regulations.

Decentralization Strategy

According to ALIDOR KASSO MBAYA, a Regional Compliance Officer, the bank’s decentralization strategy has been instrumental in the success of its compliance efforts. “As a Regional Compliance Officer, my mission is to support the growth of the bank’s activities while protecting the best interests of our customers,” he said.

Growth and Expansion

The bank’s compliance department has grown significantly since 2012, with:

  • 24 employees working in the central office and decentralized offices across the country.
  • 17 seniors representing 74% of the total staff.

Technical Solutions

Rawbank has invested heavily in technical solutions to enhance its compliance oversight. The bank uses three customer profiling and unusual transaction detection solutions:

  • SIRON: A customer profiling solution that helps detect unusual transactions.
  • ACCUITY: An automated risk assessment tool used to identify potential risks.
  • SWIFT Sanction Screening: A screening tool used to detect and prevent sanctioned transactions.

Employee Awareness and Training

The bank’s commitment to employee awareness and training is another key aspect of its compliance strategy. In 2021, all employees attended a training session on the prevention of non-compliance risks, which included four modules:

  • AML/CTF definition and challenges
  • Money laundering techniques and types
  • Money laundering risk management mechanism
  • Risk behavior detection index

Commitment to Compliance

Rawbank’s Compliance Committee is committed to protecting customer interests, upholding professional ethics, and maintaining financial security. The bank’s dedication to compliance has earned it recognition as a leader in the industry, with its commitment to integrity and transparency serving as a model for others to follow.

Contact Information

If you would like more information about Rawbank’s Compliance Committee, please contact:

Rawbank 12/66, Croisement des avenues Katanga et Colonel Lukusa Kinshasa, RDC Email: contact@rawbank.cd Website: www.rawbank.com