Ghana’s GCB Bank Limited has been recognized as the Best African Bank for Compliance by the Association of Certified Professionals in Compliance in Africa (ACCPA). Ghana Commercial Bank was in competition with five mainland banks including FNB (South Africa), Standard Chartered Bank (Kenya), BANGE (Equatorial Guinea) and BAI (Angola).
At the award ceremony last weekend in Johannesburg, Abudulai Osman, GCB’s Chief Compliance Officer, said that the bank’s compliance policies and practices are not only aligned with local laws and regulations, they are also in line with international best practices and standards.
“GCB’s Board of Directors and management are committed to scrupulously adhering to corporate governance rules and fully supporting the compliance department to ensure that GCB meets the highest standards of compliance across all business lines.” fronts, “he added.
ACCPA President Ernest Honya congratulated GCB for its outstanding performance over the years. He called on regulators and management of financial institutions in Africa to set up and support compliance policies to prevent the collapse of such institutions.
Bank recently voted Best Bank in Ghana to Comply with Anti-Money-Laundering (AML) Law in the National Category of Anti-Money Laundering Compliance Measures .
ACCPA is a continental network of experienced and certified professionals in the fight against money laundering and terrorist financing, working in Africa. The organization currently has more than 3,000 members in 46 countries of the continent.
