Regulatory Alerts2015-06-23
Added · Updated
GBCSRD Circular Letter No. 10: To include 'corruption prevention activities' in CSR
Expenditures on awareness campaigns or other initiatives by institutions to prevent corruption and promote integrity are recognized as Corporate Social Responsibility (CSR) expenses. Banks and financial institutions are advised to report these specific expenditures under the 'Others' category in the format issued by the Green Banking and CSR Department via Circular Letter No. 06 dated June 10, 2015.
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