Regulatory Alerts2017-09-27 | cba-blob-10400Directive on Sound Business Operations
The Central Bank of Aruba issued this directive to mandate integrity and suitability screening for directors, supervisory board members, and qualified holders of financial institutions. It requires institutions to implement systematic integrity risk analyses, written ethical conduct policies, and robust conflict of interest and remuneration controls. Additionally, the regulation enforces strict procedures for reporting incidents, protecting whistleblowers, and managing integrity-sensitive positions to ensure sound business operations.
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