Compliance, Data Protection and Privacy

As we sought to navigate the complex nature of the industry amid an ongoing pandemic, we continued to pursue our vision following the highest ethical standards. Our team’s mandate is simple: to advocate for a culture of compliance that will instill trust and credibility across the organization that protects the company builds transparency across our stakeholders.

Operational Highlights

• LBC and PNP-ACG discussed a possible memorandum of agreement with regard to sharing of information and trainings.
• Established ARCCO representation allowing regular dialogues and meetings with BSP and AMLC to elevate company concerns.
• The Compliance Department conducted a number of special trainings for identified branches with high incident of fraud, focusing on enhanced due diligence
• Compliance Department came out with training materials for our frontliners. This is to supplement the AML knowledge of the staff as in-person training was put on hold. The materials include information on money laundering, fraud prevention and due diligence.