Garanti BBVA International’s Post

🔻 Ever wondered about the distinction between ASI Accreditation, Assurance, and Approval? Here's a quick breakdown: 1️⃣ Expanding our focus: ASI transitioned from "Accreditation Services International" to "Assurance Services International" in 2019 to reflect its evolution into a broader provider of assurance services for multiple Voluntary Sustainability Schemes (VSS). 2️⃣ Understanding the terms: → Accreditation: ASI has been an international accreditation body for more than 15 years, providing third-party attestation of Conformity Assessment Bodies' (CABs) competence to carry out specific tasks. → Assurance: Our assurance services ensure the integrity of clients' systems, going beyond accreditation to guarantee consistent and rigorous implementation for impactful sustainability outcomes. → Approval: The successful outcome of our assurance services, approval attests that a CAB has successfully demonstrated compliance with defined VSS. Find out more: https://lnkd.in/d6EW_Pq4 #weareASI #asiFAQs #asiassurance #assuranceforrealimpact #iso17011 #sustainability

Appreciate your input on #CSSA5000! Catch up on our update covering prevalent themes and global feedback. We're currently examining your ideas for potential Canadian amendments — more details coming soon!

Thank you for your responses to the #AASB’s Exposure Draft on #CSSA5000 – your feedback to our proposals has been invaluable! As we continue to deliberate, we want to ensure you are kept updated of this Consultation’s outcome and progress. Read our summary to learn how interested and affected parties in Canada have responded so far – the common themes noted, how these themes compare to the international consultation feedback, and our board’s next steps for adoption. https://lnkd.in/gVbVD6jG 

It is always interesting to read that the #penalty related to #aml deficiencies were “technical in nature.” So the technical #amldeficiencies were: 1. Failed to identify #pep 2. Failed to conduct #EDD in a timely manner for high risk customers 3. Failed to implement adequate process for #suspicioustransaction monitoring I would have thought these, at least some of these, should count as basic #aml requirements rather than technical. But I could be wrong… Thanks Abhinav Sharma, CAMS for the salient points #antimoneylaundering #amlcompliance

 Master CBAM Compliance with Our Expert-Led Course 🌍 📅 Mark your calendars for September 12, 2024! Dive deep into the intricacies of the EU Carbon Border Adjustment Mechanism (CBAM) with our comprehensive online course designed to equip professionals across industries with essential skills. CBAM regulations are now impacting over 250 Irish companies, making it crucial to understand its implications on international trade and compliance. Our course aims to empower you with the knowledge to navigate CBAM effectively, ensuring your organization remains compliant with EU carbon regulations. Course Details: 🔹 Date: September 12, 2024 🔹 Duration: Half Day 🔹 Format: Online Key Objectives: 🔸 Understand the purpose, scope, and operational framework of CBAM 🔸 Learn to calculate carbon emissions for imported goods 🔸 Navigate the process of CBAM certificate applications and compliance procedures 🔸 Stay informed about reporting obligations and compliance measures 🔸 Anticipate and adapt to future developments in CBAM and EU emissions regulations Why Choose Us? 🔹 Expertise: Benefit from our team's extensive experience in data collection and compliance submissions. 🔹 Accuracy: Ensure precise submissions to avoid financial penalties and reputational risks. 🔹 Adaptability: Tailored solutions to meet your specific CBAM compliance needs. 🔹 Strategic Insights: Gain valuable insights to support strategic decision-making beyond basic compliance. Who Should Attend? 🎯 International trade and import businesses 🎯 Manufacturing industries (cement, iron, steel, etc.) 🎯 Energy sector stakeholders 🎯 Regulatory compliance officers 🎯 Environmental consultants 🎯 Policymakers and anyone interested in EU carbon regulations For more details and registration, contact us at training@export-edge.com. Equip yourself with the expertise needed to thrive in the era of CBAM and contribute to sustainable business practices. #CBAM #CarbonRegulations #EUCompliance #TrainingCourse #Sustainability #ExportEdge

The recently released AGSA PFMA 2022-23 report, issues a compelling call to action for all stakeholders in the accountability ecosystem. This comprehensive report delves into the critical issues affecting auditee failures and outlines key recommendations to elevate our governance standards. The call to action underscores the importance of fostering a robust culture of accountability—one that becomes the bedrock for improved service delivery and tangible enhancements in the quality of life for our communities. It's not just a report; it's a roadmap for positive change! Stakeholders are urged to prioritise the professionalisation of the public service, a move that aligns with the highest standards of ethics and proficiency. Strengthening oversight and coordination is also emphasised to fortify our governance structures and prevent performance lapses. A significant aspect of the report is the call for stakeholders to commit to implementing consequences for poor performance and transgressions. This proactive stance ensures accountability is not just a buzzword but a lived reality, fostering a continuous improvement mindset. #AGSA #PFMA2022_23 #AccountabilityMatters #GovernanceExcellence Auditor-General of South Africa

📢 𝐇𝐊𝐈𝐀 𝐈𝐦𝐩𝐨𝐬𝐞𝐝 $3.0𝐌 𝐏𝐚𝐧𝐞𝐥𝐭𝐲 𝐎𝐧 𝐀𝐈𝐀 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐅𝐨𝐫 𝐀𝐌𝐋 𝐋𝐚𝐩𝐬𝐞𝐬: 𝑻𝒉𝒆 𝑯𝒐𝒏𝒈 𝑲𝒐𝒏𝒈 𝑰𝒏𝒔𝒖𝒓𝒂𝒏𝒄𝒆 𝑨𝒖𝒕𝒉𝒐𝒓𝒊𝒕𝒚 has imposed a $3.0𝒎 (𝑯𝑲$23𝒎) #Penalty on AIA International Limited's Hong Kong branch following an on-site inspection under the 𝑨𝒏𝒕𝒊-𝑴𝒐𝒏𝒆𝒚 𝑳𝒂𝒖𝒏𝒅𝒆𝒓𝒊𝒏𝒈 𝒂𝒏𝒅 𝑪𝒐𝒖𝒏𝒕𝒆𝒓-𝑻𝒆𝒓𝒓𝒐𝒓𝒊𝒔𝒕 𝑭𝒊𝒏𝒂𝒏𝒄𝒊𝒏𝒈 𝑶𝒓𝒅𝒊𝒏𝒂𝒏𝒄𝒆. The inspection, covering business processes from March 2016 to October 2022, identified several deficiencies in the company’s anti-money #AML system. The 𝑨𝑴𝑳 𝒔𝒚𝒔𝒕𝒆𝒎 𝒇𝒂𝒊𝒍𝒆𝒅 to flag certain customers as #PEPs, leading to delays in establishing the source of funds and obtaining necessary senior management approval. Some high-risk customers were not subjected to enhanced #DueDiligence in a timely manner. The monitoring processes for #Suspicious transactions were inadequate. AIA International has taken proactive steps to address the identified issues, invested in upgrading its #AMLSystem, and implemented measures to 𝒆𝒏𝒉𝒂𝒏𝒄𝒆 𝒈𝒐𝒗𝒆𝒓𝒏𝒂𝒏𝒄𝒆, 𝒄𝒐𝒏𝒕𝒓𝒐𝒍𝒔, 𝒂𝒏𝒅 𝒐𝒗𝒆𝒓𝒔𝒊𝒈𝒉𝒕. AIA International pledged its full support to HKIA's initiatives, emphasizing that the conclusions were technical in nature with no findings of #MoneyLaundering activities or inappropriate onboarding. For more details refer to the news articles (Links in the comment section). #AIAInternational #HKIA #AML #Compliance #AntiMoneyLaundering

🖥️Yesterday The Egyptian Exchange hosted training on the #IFRS Sustainability Disclosure Standards (often referred to as the ‘ISSB Standards’) for listed companies and market participants in #Egypt 🗣 In her opening comments, Heba ElSerafi, Vice Chairman of The Egyptian Exchange, said: “EGX has always been a pioneer and at the forefront of leading relevant efforts to promote the importance of implementing and communicating sustainability-related information. (...) We at the Stock Exchange and as a market operator, encourage consistency and #standardization of sustainability information. We do our best to collaborate with all other #exchanges and even within different federations and organizations to share the best practices for sustainability and climate-related disclosure practices. In parallel, we would like to applaud the efforts of all our peers and all of the market participants present with us today in bringing forward such an agenda, and we look forward to fostering even further #cooperation to ensure a smooth transition in implementing the sustainable investment practices.” 🌱 The workshop on ISSB had 157 participants and was facilitated by the UN SSE and the IFRS Foundation to help capital market participants get the most of the new sustainability disclosure standards. Together with the IFC - International Finance Corporation we are pleased to provide capital market participants around the world with free-of-cost, high-quality, expert-led training on key sustainability-related topics. 🙌Special appreciation to The Egyptian Exchange for hosting the training and to the participants! 👉 If you’d like to join us for a live workshop on the ISSB standards, be sure to check out the list of our events at: https://lnkd.in/efUT3AJD #sustainablefinance #climatedisclosure #ISSB #standards #training #ESG #Egypt

Responsible Business Conduct (rbc, or csr) is now needed more than ever, if one would achieve the UN Sustainable Development Goals 2030. The OECD - OCDE is helpful here with its Guidelines for MNE's and RBC. Also with the complaint procedure at National Contact Point's. (NCP's). Due diligence is the main instrument here. How to do that? see the guidance below, and learn the 6 six steps by heart 👇 #sdg #rbc #oecd #csr

Thank you for your response to the #AASB Exposure Draft on #CSSA5000! Want to know more about how your feedback compares to that of international respondents? Read a summary of our consultation results and what’s next for the AASB as we work towards approving this standard in Canada: https://ow.ly/iO9750QzA1h #sustainability