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40 A&T BANK ANNUAL REPORT 2015
EFFORTS TO
COMPLY
WITH FATCA
WERE
COMPLETED.
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.
Foreign Trade Operations
Department
Integration of the Foreign Trade
Operations Department’s Workflow
System with the Core Banking
System went live successfully in the
reporting year. The productivity that
resulted with the implementation
of the Workflow System in 2014
was optimized with the integration
project 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
completed the initiated works
and compliance with the Foreign
Account Tax Compliance Act
(FATCA) was provided.
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.
The Department also undertook
efforts to harmonize other business
units with IT compliance activities.
It took part in the IT testing
procedure of new products and
made contributions to compliance
determination. With regard to
internal and external audit findings/
exceptions, the Department made
INTERNAL SUPPORT DIVISIONS AND DEPARTMENTS