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A&T BANK ANNUAL REPORT 2014
Internal Support Divisions and Departments
In 2014, the Internal Support Divisions and
Departments focused on improving operational
efficiency and carried out automation-related
systems work.
Financial Management and Planning Division
The Division incorporate the functions of “Financial
Management”, “Reporting”, “Planning and Corporate
Performance” focused on improving operational efficiency and
carried out automation-related infrastructure works.
In the upcoming period, the Financial Management and
Planning Division will primarily focus on improved effectiveness,
efficiency and automation in its functions, especially in reporting
and budgeting.
Operations
In 2014, the organizational structure was modified in such a
way as to centralize operations. As a result, the functions of
the Central Operations Department was assigned to three
departments; Foreign Trade Operations, Credit and Branch
Support Operations, and Back Office Operations.
The automation of Foreign Trade Operations over the workflow
system continued, and centralization was completed.
The organizational structure for centralizing the Loan
Operations was established, and essential operations are
projected to start in 2015.
Legal and Legislative Services Department
A&T Bank’s Legal and Legislative Services Department
contributed to smooth and flawless operation throughout the
year by informing and providing legal opinions to the branches
and the Head Office units on legislative changes related to
banking activities, thus protecting the Bank against operational
risks.
Compliance Department
The Bank’s Compliance Department initiated the necessary
works to ensure compliance with the Foreign Account Tax
Compliance Act (FATCA). A FATCA Project Committee was
established within the Bank, and the Compliance Department
is in charge of coordinating the Committee. Compliance efforts
have now reached the final phase.
The duties and responsibilities of the units under the
Compliance Department include:
Anti-Money Laundering Unit
The Unit determines the Bank’s guidelines for compliance with
Anti-Money Laundering and Counter-Terrorism Financing.
The Unit identifies the principles and basics of corporate
measures for detecting and preventing money laundering and
terrorism financing, and ensures the implementation of these
measures. In also developing and updating relevant policies and
procedures, the Unit is responsible for the training, coordinating
and reporting functions in this field.
The Unit follows sanctions and checks data against the sanction
lists of local and international authorities, thus ensures that the
Bank has not established any business relations with those
individuals and institutions that are sanctioned and/or have
appeared on these lists.
IT Compliance Unit
The Unit was established to ensure full compliance of IT
operations with relevant legislation, monitoring IT policies,
procedures, standards and methodologies. The Unit also
prepares reports for the Bank’s executive management and
related authorities.
This unit is also in charge of coordinating the IT audits.