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The control activity exercised by permanent control compartiments in credit institutions

Author

Listed:
  • Codruta PAVEL

    (WEST UNIVERSITY OF TIMISOARA)

  • Gianina Violeta DRAGOTA

    („TIBISCUS” UNIVERSITY OF TIMISOARA, FACULTY OF ECONOMICS)

  • Ciprian PAVEL

    („TIBISCUS” UNIVERSITY OF TIMISOARA, FACULTY OF ECONOMICS)

Abstract

Permanent control is defined as a permanent means acting and providing knowledge, control and monitoring of risks. Supervision of control permanent compartments includes: constant supervision through a set of dispositions applicable at the operational level to ensure legality, security and validity of transactions; control operational risks, including further activity and management of crisis situations; control of compliance, including know your customer, prevent money laundering and terrorist financing and professional ethics. Among the permanent internal control objectives in the bank network are: exercise proper permanent supervision to the bank network; identification and evaluation of operational risks; strengthening security and improving the quality of operations; respect the program of customer identification, money laundering and combating the use of bank for financing the terrorism.

Suggested Citation

  • Codruta PAVEL & Gianina Violeta DRAGOTA & Ciprian PAVEL, 2012. "The control activity exercised by permanent control compartiments in credit institutions," Anale. Seria Stiinte Economice. Timisoara, Faculty of Economics, Tibiscus University in Timisoara, vol. 0, pages 555-558, May.
    • Handle: RePEc:tdt:annals:v:xviii:y:2012:p:555-558
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    File URL: http://fse.tibiscus.ro/anale/Lucrari2012/kssue2012_087.pdf
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    More about this item

    Keywords

    Bank; permanent control compartiments; supervision; risk;
    All these keywords.

    JEL classification:

    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting

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