Internal Control is an essential component of the Bank’s management for safe and sound operations. The internal control system will seek to ensure process integrity, compliance and effectiveness as to provide reasonable assurance that financial and management information is reliable, timely and complete.

The Board of Directors and Senior Management shall maintain the appropriate culture to facilitate an adequate internal control process, which shall ensure that the Bank’s activities are performed in accordance with the prevailing laws and regulations as well as with the Bank’s policies and procedures. Senior Management is responsible for designing, developing and implementing a strong and comprehensive internal control framework, through a proper segregation of duties and separation of functions with appropriate controls that govern the Bank’s organizational structure and reporting processes.

The Bank recognizes the importance of enforcing a solid and sound structure for independent internal control functions, namely Risk Management, Compliance and Internal Audit.

Supporting a strong compliance culture, the Bank prompts its staff members to strictly adhere to policies and respect all applicable laws and regulations.