At FSDH Group, compliance plays a central role in all the activities of the Group and it is targeted at fostering a corporate culture that emphasizes honesty and integrity; in which the board of directors and senior management lead by example.
The Group views its commitment to compliance as an integral part of its business activities and not just the responsibility of specialist compliance staff members.
The Group culture and commitment is anchored on promoting ethical business practices and compliance with both the letter and spirit of the law. Given this, the FSDH Compliance Framework ensures that the Group has the right decision-making tools and processes in place to meet the expectations of both its regulators and stakeholders, as well as to mitigate any potential reputational risk.
The FSDH compliance strategy ensures the following:
The Group compliance universe (Legal/Regulatory and Business requirements) is driven by FSDH corporate culture, which is built around its vision, mission and ethical values. Its people, sustainable processes and technology as depicted below drive the function.
The compliance universe is designed to carry out the group’s AML policies, as well as to identify and manage the risk of non-compliance to the policies. Training and awareness creation; assessment of risk and control effectiveness; and processes for managing and reporting material issues are key components of the universe. Non-compliance to or violation of the AML policies may attract severe sanctions including dismissal.
FSDH Group Compliance Universe & FSDH Compliance Function
Legal & Regulatory Requirements
Code of Conduct
Tone at the Top
Preparedness and Practice
Measures and Metrics
Controls, Policies and
Training and Education
Communications and Reporting