Regulatory Alerts2015-04-28
Regulation No. 011/2015 IBCC/DSBR on Internal Control, Management, and Risk Management Systems for Credit Institutions
The Central Bank of the Comoros issues Regulation No. 011/2015 to mandate comprehensive internal control, governance, and risk management frameworks for all credit institutions. The regulation defines key roles for governing bodies, executive management, and internal audit functions while establishing a three-tier control structure and strict compliance requirements for anti-money laundering and operational continuity. It further imposes detailed obligations regarding accounting organization, conflict of interest management, and the annual reporting of internal control effectiveness to the regulator.
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