The results of internal control activities together with opinions and recommendations that will increase effectiveness and efficiency
are shared with those responsible for the related processes and this contributes to the implementation of solutions. All of these
proceedings are continuously and closely monitored by the internal controllers and their managers as well as by those responsible
for the conduct of the activities. The evaluations made about the operations are reported to Senior Management. The results of the
internal control activities are also continuously evaluated and monitored by the Board of Directors and the Audit Committee.
In the strong control environment of İşbank, all employees work with a high sense and responsibility of control. The Board of
Directors monitors and promotes the internal control system so that it functions in line with the goals of the Bank in an efficient and
effective way. The potential risks and their probable effects have been assessed and the necessary controls to mitigate the risks or
keep them at an acceptable level have been implemented. There is a healthy communication environment which provides the access
to information to implement internal control activities that support corporate goals and which enables all employees to be informed
about their internal control duties and responsibilities. The existence and healthy operation of internal control components are
monitored continuously and orderly by all the relevant parties. All shareholders are putting forth their best efforts to develop the
internal control system perpetually. It is concluded that İşbank’s internal control system is dependable and operates effectively in line
with the regulations and parallel with the goals and targets of the Bank.
Compliance
Compliance is the foremost duty and responsibility of all managers and employees of the Bank at any level. The coordination of
functions and activities regarding compliance executed in the Head Office Divisions and Branches of the Bank is managed through
the corporate compliance activities conducted within the Corporate Compliance Division, which reports to the Board of Directors.
Corporate Compliance Division operates with the purpose to provide maximum contribution in order to manage the compliance
risk and control this risk in an appropriate and efficient manner and in this regard to execute and manage the activities of the Bank
continuously in compliance with the relevant laws, regulations and standards.
The necessary researching, analyzing, monitoring, assessing, informing, conducting, coordinating and reporting activities regarding
compliance issues are conducted within the Corporate Compliance Division, which consists of three sub-units, namely, Regulatory
Compliance, Banking Activities Compliance and Anti-Money Laundering Compliance.
The duties and responsibilities of the Compliance Officer as stated in the Prevention of Laundering Proceeds of Crime Law and other
related regulations in effect are fulfilled by the Head of Corporate Compliance Division, who is the legal “Compliance Officer” of the
Bank as well. The activities regarding the prevention of laundering proceeds of crime and finance of terror in our Bank are executed
in an express and efficient manner within the context of related legislations and the Bank’s Policy and the Compliance Program,
which have been prepared in accordance with these legislations.
Bank’s Compliance and Compliance Risk Management Policy and Prevention of Laundering Proceeds of Crime and Finance of Terror
Policy are stated in “Investor Relations / Corporate Governance” link at our Bank’s website
in English and Turkish.
The results of the activities regarding compliance are also regularly monitored and evaluated by the senior management and the
Board of the Bank.
Financial Information and Risk
Management
91
İşbank
Annual Report 2013
