Bank compliance is the process of ensuring that a bank conforms to all relevant laws, regulations, and ethical practices. It ensures that banks operate in a safe and sound manner, manage their risks appropriately, and protect customers and stakeholders. Compliance requires a specialized skill set that includes knowledge of financial regulations, risk management, auditing, and legal principles. Compliance officers work with bank employees to develop and implement policies and procedures, monitor activities, and report on compliance issues to senior management and regulatory agencies.
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