The control activity exercised by permanent control compartiments in credit institutions

Codruta Pavel (), Gianina Violeta Dragota () and Ciprian Pavel ()
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Codruta Pavel: WEST UNIVERSITY OF TIMISOARA
Gianina Violeta Dragota: „TIBISCUS” UNIVERSITY OF TIMISOARA, FACULTY OF ECONOMICS
Ciprian Pavel: „TIBISCUS” UNIVERSITY OF TIMISOARA, FACULTY OF ECONOMICS

Anale. Seria Stiinte Economice. Timisoara, 2012, vol. XVIII, 555-558

Abstract: Permanent control is defined as a permanent means acting and providing knowledge, control and monitoring of risks. Supervision of control permanent compartments includes: constant supervision through a set of dispositions applicable at the operational level to ensure legality, security and validity of transactions; control operational risks, including further activity and management of crisis situations; control of compliance, including know your customer, prevent money laundering and terrorist financing and professional ethics. Among the permanent internal control objectives in the bank network are: exercise proper permanent supervision to the bank network; identification and evaluation of operational risks; strengthening security and improving the quality of operations; respect the program of customer identification, money laundering and combating the use of bank for financing the terrorism.

Keywords: Bank; permanent control compartiments; supervision; risk (search for similar items in EconPapers)
JEL-codes: M4 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:tdt:annals:v:xviii:y:2012:p:555-558

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