9 Compliance Recommendations

Compliance recommendations from the compliance team plays a vital role in eliminating non-compliance related penalties. In this stage, the compliance team in the bank can capture their comments after viewing the policy details. If the information provided in the Policy Initiation Stage is insufficient, then the additional information can be requested.

Note:

Compliance Recommendations stage is similar to the Business Recommendation stage. Refer Business Recommendation chapter for information on capturing Compliance Head Comments.