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Framework for Identification of Compliance Issues and Compliance Risks
Legal / Regulatory Sanctions?
monetary penalties under Section 47A of the Banking Regulation Act, licence cancellation, prosecution.
Material Financial Loss?
restitution to customers, write-offs, business interruption.
Reputational Loss?
share-price decline, withdrawal of correspondent-banking ties, customer attrition.
Corruption — What it Covers / Typical Compliance Hooks?
What it Covers: Bribery, kickbacks, undue influence in credit / procurement; Typical Compliance Hooks: PCA 1988, RBI ‘Staff Accountability Framework for NPAs (2021)’
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