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Rawbank’s Compliance Department: A Key Player in the Bank’s Success

Kinshasa, Democratic Republic of Congo - Rawbank, a leading banking institution in the DRC, has been making significant strides in ensuring compliance and corporate social responsibility. At the heart of this effort is the Compliance & CSR Department, which has grown steadily since its inception in 2013.

The Compliance & CSR Department

The department, led by Deputy Managing Director Christian KAMANZI, Administration & Risk, has four divisions:

  • Financial Security
  • Systems and Analysis
  • Support and Facilitation
  • Corporate Social Responsibility

Each division plays a crucial role in managing compliance risks and promoting ethical practices throughout the bank’s operations.

Employee Awareness is Key to Compliance

According to Alidor KASSO MBAYA, Regional Compliance Officer for the East region, “Compliance is everyone’s business at Rawbank. We believe that employee awareness is key to achieving our compliance ambitions.”

Progress and Achievements

The department has made significant progress in recent years, with:

  • The number of suspicious transaction reports submitted increasing from 5 in 2012 to 24 in 2020.
  • The number of investigation cases rising, with a total of 17 seniors representing 74% of the Compliance staff.

Technical Solutions and Employee Training

Rawbank’s compliance efforts are supported by advanced technical solutions, including:

  • SIRON
  • ACCUITY-WORLD COMPLIANCE
  • SWIFT SANCTION SCREENING

These tools enable the bank to carry out real-time monitoring of transactions, screen customer data against international sanctions lists, and detect unusual transactions.

In addition to these technical solutions, Rawbank has invested heavily in employee training and development. In 2021, all employees attended a comprehensive training session on preventing non-compliance risks, which covered topics such as:

  • AML/ CFT definition and challenges
  • Money laundering techniques and types
  • Risk management mechanisms
  • Risk behavior detection indices

Corporate Culture and Commitment to Compliance

The bank’s commitment to compliance is reflected in its corporate culture, which emphasizes professional ethics and financial security. Regular training sessions are held to ensure that employees understand the importance of compliance and their role in protecting the bank, its customers, and its reputation.

Contact Information

Rawbank 12/66, Croisement des avenues Katanga et Colonel Lukusa Kinshasa, RDC Phone: +243 (0) 81 555 55 55 Email: contact@rawbank.cd Website: www.rawbank.com