Compliance

Compliance management at Banco ABC Brasil aims to prevent the institution from receiving legal or regulatory sanctions, financial loss, or loss of reputation as a result of non-compliance with laws, rules, and regulations.

Banco ABC Brasil has a structured flow for the treatment of norms, covering the stages of detection, distribution, monitoring and compliance, and all the processes are established in internal regulations. The structure and flow for addressing regulatory risk include several areas of the institution and are comprised of: (i) structure of three lines of defense; (ii) monitoring of legal projects, edicts and public consultations; (iii) capture of new norms and definition of action plans; (iv) relationship with regulators and representation entities; (v) monitoring of action plans; and (vi) control of enforcement of court decisions and possible Conduct Adjustment Terms in public civil actions.

In addition, the classification and prioritization of the institution’s risks follow the methodology of Banco ABC Brasil’s internal controls, performing the monitoring of exposures, the early assessment of the impact of new operations or different market scenarios and the comparison with the actual results, in order to identify the sources of deviation and reassess the model.

Internally, we highlight actions taken by Banco ABC Brasil, including the mandatory acknowledgement of the policies by employees who also declare that they are aware of them, mandatory trainings in person or online, as well as monitoring processes and procedures related to the subject.

The trainings below are mandatory during the employees’ onboarding process:

  • MLP – Money Laundering Prevention
  • Information Security
  • Operational Risk
  • Integrity Program – Anti-corruption Law
  • Suitability – Derivatives
  • Personal Investments
  • Data Protection
  • Public Offerings Code
  • Investment Products Distribution Code
  • Compliance

In addition to the trainings, a Compliance Guide is also available online, in which employees have access to information related to the following topics: Personal Investment Policy, Conflicts of Interest, Market Abuse, Corporate Policies, Integrity & Anti-Corruption, and the Whistleblowing Channel.