The document provides historical data for Grupo Santander for the years 2001-2011, including key financial metrics such as total assets, net customer loans, customer deposits, shareholders' equity, income statement figures like net interest income and attributable profit to the Group. It also includes per share data like attributable profit to the Group and dividends per share.
July 22, 2014 marks the end of the Alternative Investment Fund Manager Directive (‘the Directive’) one year transition period. With their applications submitted, managers now must turn their attention to how becoming an AIFM will affect the day-today running of their compliance obligations. This seminar will consider the various oversight functions required under the Directive and what this means for the scope of compliance monitoring that firms will need to undertake once the Directive is implemented. In addition we will consider the increased FCA notification requirements introduced under the Directive.
A key player in the oversight model is the Depositary and our guest speaker from GlobeOp Markets Ltd. will also consider the extent to which the Depositary’s risk assessment takes account of the quality and effectiveness of an AIFM’s compliance arrangements.
Santander vende su negocio en Colombia al grupo chileno CorpBanca por 1.225 m...BANCO SANTANDER
Madrid, 7 de diciembre de 2011. El Banco Santander ha alcanzado un acuerdo para la venta de sus unidades de negocio en Colombia al grupo chileno CorpBanca por 1.225 millones de dólares, aproximadamente 910 millones de euros. Dicho importe implica unas plusvalías de 615 millones de euros para Grupo Santander, que serán destinadas a fortalecer su balance.
Santander gana 6.204 millones de euros en 2016 (+4%)BANCO SANTANDER
Banco Santander obtuvo en 2016 un beneficio atribuido de 6.204 millones de euros, un 4% más que el año anterior, gracias al fuerte crecimiento de los ingresos por comisiones y a la mejora en la calidad del crédito, factores que se vieron contrarrestados por la debilidad de algunas divisas con respecto al euro y por la subida de impuestos en Polonia y Reino Unido. El beneficio ordinario antes de impuestos subió un 12% si excluimos los resultados no recurrentes y el efecto de los tipos de cambio.
Intercambio formativo y cultural desde rusia hasta cádizBANCO SANTANDER
Un grupo de estudiantes y profesores rusos de la Universidad Federal del Sur pasaron el primer semestre del año en la Universidad de Cádiz gracias al apoyo del Banco Santander. Recibieron un diploma válido en Rusia y España por los estudios realizados. El Banco Santander también apoya actividades de intercambio cultural y académico entre varias universidades rusas y españolas, como la Universidad de Granada, para promover la lengua y cultura de ambos países.
Apertura de oficina de Santander Asset Management en AlemaniaBANCO SANTANDER
Santander Asset Management abrirá una nueva oficina en Frankfurt, Alemania para apoyar la distribución de fondos y carteras de inversión a través de la red comercial de Santander Bank en Alemania y para gestionar activos institucionales alemanes. La nueva oficina posicionará a Santander Asset Management en el mercado alemán y afianzará su presencia en Europa. Stefan Jochum liderará la nueva oficina con un equipo de 11 personas.
Junta General de Accionistas 2016 | Ana Botín: "Es intención del Consejo aume...BANCO SANTANDER
La presidenta de Banco Santander, Ana Botín, ha presidido hoy la junta general de accionistas de la entidad en la que se han aprobado las cuentas correspondientes al ejercicio 2015. Botín destacó que “en un entorno más difícil de lo esperado, los resultados han sido buenos”. “Hemos cumplido todos nuestros objetivos y lo hemos hecho haciendo las cosas bien, de una forma sencilla, personal y justa. Muchos de nuestros competidores tienen que elegir entre crecer o repartir dividendo. Nuestro modelo de negocio y nuestra franquicia nos permiten hacer ambas cosas a la vez, a la par que acumular capital”.
July 22, 2014 marks the end of the Alternative Investment Fund Manager Directive (‘the Directive’) one year transition period. With their applications submitted, managers now must turn their attention to how becoming an AIFM will affect the day-today running of their compliance obligations. This seminar will consider the various oversight functions required under the Directive and what this means for the scope of compliance monitoring that firms will need to undertake once the Directive is implemented. In addition we will consider the increased FCA notification requirements introduced under the Directive.
A key player in the oversight model is the Depositary and our guest speaker from GlobeOp Markets Ltd. will also consider the extent to which the Depositary’s risk assessment takes account of the quality and effectiveness of an AIFM’s compliance arrangements.
Santander vende su negocio en Colombia al grupo chileno CorpBanca por 1.225 m...BANCO SANTANDER
Madrid, 7 de diciembre de 2011. El Banco Santander ha alcanzado un acuerdo para la venta de sus unidades de negocio en Colombia al grupo chileno CorpBanca por 1.225 millones de dólares, aproximadamente 910 millones de euros. Dicho importe implica unas plusvalías de 615 millones de euros para Grupo Santander, que serán destinadas a fortalecer su balance.
Santander gana 6.204 millones de euros en 2016 (+4%)BANCO SANTANDER
Banco Santander obtuvo en 2016 un beneficio atribuido de 6.204 millones de euros, un 4% más que el año anterior, gracias al fuerte crecimiento de los ingresos por comisiones y a la mejora en la calidad del crédito, factores que se vieron contrarrestados por la debilidad de algunas divisas con respecto al euro y por la subida de impuestos en Polonia y Reino Unido. El beneficio ordinario antes de impuestos subió un 12% si excluimos los resultados no recurrentes y el efecto de los tipos de cambio.
Intercambio formativo y cultural desde rusia hasta cádizBANCO SANTANDER
Un grupo de estudiantes y profesores rusos de la Universidad Federal del Sur pasaron el primer semestre del año en la Universidad de Cádiz gracias al apoyo del Banco Santander. Recibieron un diploma válido en Rusia y España por los estudios realizados. El Banco Santander también apoya actividades de intercambio cultural y académico entre varias universidades rusas y españolas, como la Universidad de Granada, para promover la lengua y cultura de ambos países.
Apertura de oficina de Santander Asset Management en AlemaniaBANCO SANTANDER
Santander Asset Management abrirá una nueva oficina en Frankfurt, Alemania para apoyar la distribución de fondos y carteras de inversión a través de la red comercial de Santander Bank en Alemania y para gestionar activos institucionales alemanes. La nueva oficina posicionará a Santander Asset Management en el mercado alemán y afianzará su presencia en Europa. Stefan Jochum liderará la nueva oficina con un equipo de 11 personas.
Junta General de Accionistas 2016 | Ana Botín: "Es intención del Consejo aume...BANCO SANTANDER
La presidenta de Banco Santander, Ana Botín, ha presidido hoy la junta general de accionistas de la entidad en la que se han aprobado las cuentas correspondientes al ejercicio 2015. Botín destacó que “en un entorno más difícil de lo esperado, los resultados han sido buenos”. “Hemos cumplido todos nuestros objetivos y lo hemos hecho haciendo las cosas bien, de una forma sencilla, personal y justa. Muchos de nuestros competidores tienen que elegir entre crecer o repartir dividendo. Nuestro modelo de negocio y nuestra franquicia nos permiten hacer ambas cosas a la vez, a la par que acumular capital”.
Santander named Best Bank in the World in 2012 by Euromoney magazine BANCO SANTANDER
Euromoney magazine named Santander the Best Bank in the World for 2012, citing its international diversification, efficiency, and ability to generate profits even during difficult economic times. Santander was also recognized as the best bank in five of its core markets: the UK, Poland, Portugal, Mexico, and Argentina. The chairman of Santander said the bank aims to be the best bank for customers in its ten core markets by maintaining a strong balance sheet with significant capital and liquidity reserves.
FULL SPEECH OF EMILIO BOTIN IN THE SANTANDER INVESTOR DAY 2011BANCO SANTANDER
This document is the transcript of a speech given by Emilio Botin, Chairman of Banco Santander, at the bank's 2011 Investor Day. The summary is:
1) Botin outlines how Santander has remained profitable and strengthened its capital position during the financial crisis, growing through acquisitions.
2) He describes Santander's unique strategic positioning, including geographic diversification, prudent risk management, an autonomous subsidiary model, integration creating synergies, and a global brand.
3) Botin argues this positions Santander for higher profitability and presents the bank's strategy to create shareholder value through organic growth and maintaining its business model as competitors change strategies.
Convocado el I Premio Santander de Investigación sobre Responsabilidad Social...BANCO SANTANDER
Hoy se abre el plazo para participar en el I Premio Santander de Investigación sobre Responsabilidad Social Corporativa (RSC) y el I Premio Santander al Mejor Ensayo Corto en la misma materia, ambos con los "Derechos Humanos y Empresa" como tema principal.
Fundación Universia y Relación con Accionistas Santander presentan la V Convo...BANCO SANTANDER
Este documento describe las becas Capacitas para estudiantes con discapacidad que son accionistas o familiares de accionistas de Banco Santander. Se ofrecen 3 becas de hasta 5,000 euros cada una para cubrir gastos universitarios y de asistencia. Los solicitantes deben tener una discapacidad del 33% o más y estar matriculados en una universidad española. La fecha límite para solicitar es el 15 de noviembre de 2011.
Pedro de la Rosa renueva con Santander SelectBANCO SANTANDER
Pedro de la Rosa ha renovado su contrato como embajador de Santander Select por segundo año. El piloto continuará reuniéndose con clientes Select del banco en ciudades de España y protagonizará una campaña publicitaria. Santander Select ofrece servicios personalizados a clientes con patrimonios superiores a 100.000 euros con el objetivo de aumentar su cuota en este segmento al 15% en tres años.
Este documento es la novena memoria de sostenibilidad de Banco Santander, que cubre las actividades del banco en Europa, Reino Unido, EE.UU. y Latinoamérica durante 2010. El banco sigue los estándares internacionales como GRI y Global Compact para elaborar el informe. El proceso incluyó un estudio de materialidad y diálogo con grupos de interés.
Santander’s 2012 attributable net profit was EUR 2.205 billion (-59%), after ...BANCO SANTANDER
Santander’s 2012 attributable net profit was EUR 2.205 billion (-59%), after making charges of EUR 18.800 billion and reducing property exposure in Spain
Santander Universidades respalda el II Encuentro de Jóvenes Líderes Iberoamer...BANCO SANTANDER
El documento describe el II Encuentro de Jóvenes Líderes Iberoamericanos organizado por la Fundación Carolina con el apoyo de Santander Universidades y la Fundación Rafael del Pino. Más de 120 jóvenes líderes de ediciones anteriores del Programa de Jóvenes Líderes participaron en el encuentro en Salvador de Bahía, Brasil para intercambiar experiencias sobre innovación y emprendimiento. El encuentro incluyó sesiones de trabajo sobre varios temas relacionados con el liderazgo, la inversión, la educ
Santander Río reconocida como empresa con responsabilidad familiarBANCO SANTANDER
Santander Río reconocida como empresa con responsabilidad familiar
■ El Banco en Argentina es una de las cuatro empresas del mundo que recibe la acreditación IFREI (Índice Internacional de Empresas con Responsabilidad Familiar) por desarrollar un entorno que facilita la conciliación laboral y familiar.
El CUD inaugura su ciclo de jornadas con una intervención de Emilio BotÍnBANCO SANTANDER
El Centro Universitario de la Defensa de Zaragoza (CUD) ha celebrado hoy su primera jornada, con el lema “El CUD en la Sociedad”, en la Academia
General Militar, en cuyas instalaciones se ubica el CUD. El encuentro ha contado con la asistencia de Emilio Botín, presidente de Banco Santander, como invitado de honor.
Con este encuentro el Centro Universitario de la Defensa (CUD) inicia un ciclo de jornadas con periodicidad anual, con el objetivo de darse a conocer a la Sociedad, informar de su misión, y cómo la va desarrollando. Para ello, el acto conductor será una conferencia de una relevante personalidad del mundo económico, industrial, académico, literario, etc., que sirva de referente a sus estudiantes y que permita al personal del CUD compartir unas horas con personalidades representativas de nuestro entorno y nuestra sociedad.
En esta ocasión, Emilio Botín impartió la conferencia titulada “La estrategia de Banco Santander”, y compartió con los asistentes su experiencia al frente de Banco Santander desde los años 80, cuando era un banco pequeño, el séptimo en España, hasta nuestros días. En la actualidad, Banco Santander es el primero de la zona euro y el décimo del mundo por valor en bolsa, y ha sido el tercer banco del mundo en los últimos cuatro años por resultados.
Banco Santander gana de nuevo el récord Guinness al concurso deportivo con má...BANCO SANTANDER
Banco Santander acaba de ganar de nuevo el récord Guinness por haber organizado el concurso deportivo con mayor participación de la historia en todo el mundo. Más de 1,7 millones de personas de 22 países tomaron parte en el concurso, frente a los 1,15 millones participantes del año pasado, momento en el que Santander entró en el libro Guinness de los récords.
Santander otorga líneas de crédito y becas para el desarrollo de NavarraBANCO SANTANDER
Santander otorga líneas de crédito y becas para el desarrollo de Navarra
■ Santander destinará 650 millones de euros en créditos para el Gobierno autónomo, empresas y profesionales de la comunidad. Además, se subvencionarán 400 becas universitarias.
Santander Asset Management to open branch in GermanyBANCO SANTANDER
Santander Asset Management will open a branch in Frankfurt, Germany after receiving authorization from German regulators. The new office will support distribution of funds through Santander Bank's retail network in Germany of 170 branches and over 1 million customers. It will also provide opportunities to grow in the German institutional market. Santander Asset Management's global CEO said the new branch enhances their position in Europe by entering one of the largest EU economies. Stefan Jochum will head the new Frankfurt branch with an initial team of 11 people offering investment advisory, research, and distribution support.
1.100 universidades asistirán en Río de Janeiro al III Encuentro Internaciona...BANCO SANTANDER
El documento anuncia el III Encuentro Internacional de Rectores Universia que se celebrará en Río de Janeiro en julio de 2014. Se espera la asistencia de 1,100 universidades de 46 países. El encuentro analizará el futuro de la universidad y su capacidad de respuesta a las demandas sociales. Banco Santander, que ha destinado 1,000 millones de euros al apoyo de universidades en los últimos 15 años, espera que el encuentro sea la cumbre mundial de la educación superior en 2014.
Banco Santander ayudará a la Universidad de Cantabria a “acrecentar sus habil...BANCO SANTANDER
Banco Santander ha renovado su compromiso con la Universidad de Cantabria (UC) para impulsar acciones que le permitan “acrecentar sus habilidades, ampliar sus oportunidades y profundizar sus conocimientos”, en palabras de Ana Botín. La presidenta de la entidad financiera ha firmado esta mañana junto al rector de la UC, José Carlos Gómez Sal, el convenio que renueva la colaboración que ambas instituciones mantienen desde hace casi dos décadas y que se ha plasmado en multitud de iniciativas de calado social, educativo, cultural y económico para toda la comunidad cántabra
The document provides guidelines for anti-money laundering (AML) compliance programs for digital asset companies. It recommends that all digital asset companies implement a risk-based AML compliance program based on FATF recommendations, even if not required by law. This should include appointing a chief compliance officer, employee training, customer due diligence, transaction monitoring, and an independent annual review. The guidelines are intended to help digital asset companies address AML risks while maintaining goals of financial inclusion, privacy, and innovation.
Third Party Due Diligence - Know Your Third Party - EY IndiaErnst & Young
This document discusses key components of an effective third-party due diligence program to manage compliance risks. It recommends taking a risk-based approach, with varying levels (I, II, III) of investigation based on perceived risk. Level I involves open-source checks, Level II adds localized records searches and reference calls, and Level III includes on-site inspections. An effective program incorporates consistency, management oversight, objectivity, and reasonableness. Management should establish standards, provide oversight, and take appropriate actions. Due diligence procedures should be documented, centralized, and follow predictable rules to reduce ambiguity and demonstrate a fact-based, defensible process.
This document provides professional standards and guidance for individuals and organizations conducting fraud risk assessments in central government. It outlines the core competencies required for fraud risk assessment professionals in areas such as understanding fraud risks, communication skills, and conducting risk assessment processes. The document establishes three levels of competency - trainee, foundation, and practitioner - and provides guidance on processes, products, and organizational considerations for effective fraud risk assessment. It aims to facilitate a consistent approach to counter fraud across government.
Leveraging on Compliance Risk Management to Create ValueEneni Oduwole
The document discusses leveraging compliance risk management to create value by outlining a risk-based approach to compliance, the functions of a compliance department, and how to develop an effective compliance program through measures like guidance, education, and warnings. It also examines the roles of management and the board, internal and external drivers of compliance risk, and integrating compliance with enterprise risk management.
This document discusses compliance programs that companies can implement to prevent anti-competitive practices. It outlines common features of effective compliance programs, including endorsement from senior management, clear policies and procedures, identification of responsibilities, training, controls, and evaluation. It also discusses trends in compliance among competition authorities in different jurisdictions, noting guidance and templates provided. Finally, it discusses international cooperation on compliance through UN principles for enterprises operating across borders.
Santander named Best Bank in the World in 2012 by Euromoney magazine BANCO SANTANDER
Euromoney magazine named Santander the Best Bank in the World for 2012, citing its international diversification, efficiency, and ability to generate profits even during difficult economic times. Santander was also recognized as the best bank in five of its core markets: the UK, Poland, Portugal, Mexico, and Argentina. The chairman of Santander said the bank aims to be the best bank for customers in its ten core markets by maintaining a strong balance sheet with significant capital and liquidity reserves.
FULL SPEECH OF EMILIO BOTIN IN THE SANTANDER INVESTOR DAY 2011BANCO SANTANDER
This document is the transcript of a speech given by Emilio Botin, Chairman of Banco Santander, at the bank's 2011 Investor Day. The summary is:
1) Botin outlines how Santander has remained profitable and strengthened its capital position during the financial crisis, growing through acquisitions.
2) He describes Santander's unique strategic positioning, including geographic diversification, prudent risk management, an autonomous subsidiary model, integration creating synergies, and a global brand.
3) Botin argues this positions Santander for higher profitability and presents the bank's strategy to create shareholder value through organic growth and maintaining its business model as competitors change strategies.
Convocado el I Premio Santander de Investigación sobre Responsabilidad Social...BANCO SANTANDER
Hoy se abre el plazo para participar en el I Premio Santander de Investigación sobre Responsabilidad Social Corporativa (RSC) y el I Premio Santander al Mejor Ensayo Corto en la misma materia, ambos con los "Derechos Humanos y Empresa" como tema principal.
Fundación Universia y Relación con Accionistas Santander presentan la V Convo...BANCO SANTANDER
Este documento describe las becas Capacitas para estudiantes con discapacidad que son accionistas o familiares de accionistas de Banco Santander. Se ofrecen 3 becas de hasta 5,000 euros cada una para cubrir gastos universitarios y de asistencia. Los solicitantes deben tener una discapacidad del 33% o más y estar matriculados en una universidad española. La fecha límite para solicitar es el 15 de noviembre de 2011.
Pedro de la Rosa renueva con Santander SelectBANCO SANTANDER
Pedro de la Rosa ha renovado su contrato como embajador de Santander Select por segundo año. El piloto continuará reuniéndose con clientes Select del banco en ciudades de España y protagonizará una campaña publicitaria. Santander Select ofrece servicios personalizados a clientes con patrimonios superiores a 100.000 euros con el objetivo de aumentar su cuota en este segmento al 15% en tres años.
Este documento es la novena memoria de sostenibilidad de Banco Santander, que cubre las actividades del banco en Europa, Reino Unido, EE.UU. y Latinoamérica durante 2010. El banco sigue los estándares internacionales como GRI y Global Compact para elaborar el informe. El proceso incluyó un estudio de materialidad y diálogo con grupos de interés.
Santander’s 2012 attributable net profit was EUR 2.205 billion (-59%), after ...BANCO SANTANDER
Santander’s 2012 attributable net profit was EUR 2.205 billion (-59%), after making charges of EUR 18.800 billion and reducing property exposure in Spain
Santander Universidades respalda el II Encuentro de Jóvenes Líderes Iberoamer...BANCO SANTANDER
El documento describe el II Encuentro de Jóvenes Líderes Iberoamericanos organizado por la Fundación Carolina con el apoyo de Santander Universidades y la Fundación Rafael del Pino. Más de 120 jóvenes líderes de ediciones anteriores del Programa de Jóvenes Líderes participaron en el encuentro en Salvador de Bahía, Brasil para intercambiar experiencias sobre innovación y emprendimiento. El encuentro incluyó sesiones de trabajo sobre varios temas relacionados con el liderazgo, la inversión, la educ
Santander Río reconocida como empresa con responsabilidad familiarBANCO SANTANDER
Santander Río reconocida como empresa con responsabilidad familiar
■ El Banco en Argentina es una de las cuatro empresas del mundo que recibe la acreditación IFREI (Índice Internacional de Empresas con Responsabilidad Familiar) por desarrollar un entorno que facilita la conciliación laboral y familiar.
El CUD inaugura su ciclo de jornadas con una intervención de Emilio BotÍnBANCO SANTANDER
El Centro Universitario de la Defensa de Zaragoza (CUD) ha celebrado hoy su primera jornada, con el lema “El CUD en la Sociedad”, en la Academia
General Militar, en cuyas instalaciones se ubica el CUD. El encuentro ha contado con la asistencia de Emilio Botín, presidente de Banco Santander, como invitado de honor.
Con este encuentro el Centro Universitario de la Defensa (CUD) inicia un ciclo de jornadas con periodicidad anual, con el objetivo de darse a conocer a la Sociedad, informar de su misión, y cómo la va desarrollando. Para ello, el acto conductor será una conferencia de una relevante personalidad del mundo económico, industrial, académico, literario, etc., que sirva de referente a sus estudiantes y que permita al personal del CUD compartir unas horas con personalidades representativas de nuestro entorno y nuestra sociedad.
En esta ocasión, Emilio Botín impartió la conferencia titulada “La estrategia de Banco Santander”, y compartió con los asistentes su experiencia al frente de Banco Santander desde los años 80, cuando era un banco pequeño, el séptimo en España, hasta nuestros días. En la actualidad, Banco Santander es el primero de la zona euro y el décimo del mundo por valor en bolsa, y ha sido el tercer banco del mundo en los últimos cuatro años por resultados.
Banco Santander gana de nuevo el récord Guinness al concurso deportivo con má...BANCO SANTANDER
Banco Santander acaba de ganar de nuevo el récord Guinness por haber organizado el concurso deportivo con mayor participación de la historia en todo el mundo. Más de 1,7 millones de personas de 22 países tomaron parte en el concurso, frente a los 1,15 millones participantes del año pasado, momento en el que Santander entró en el libro Guinness de los récords.
Santander otorga líneas de crédito y becas para el desarrollo de NavarraBANCO SANTANDER
Santander otorga líneas de crédito y becas para el desarrollo de Navarra
■ Santander destinará 650 millones de euros en créditos para el Gobierno autónomo, empresas y profesionales de la comunidad. Además, se subvencionarán 400 becas universitarias.
Santander Asset Management to open branch in GermanyBANCO SANTANDER
Santander Asset Management will open a branch in Frankfurt, Germany after receiving authorization from German regulators. The new office will support distribution of funds through Santander Bank's retail network in Germany of 170 branches and over 1 million customers. It will also provide opportunities to grow in the German institutional market. Santander Asset Management's global CEO said the new branch enhances their position in Europe by entering one of the largest EU economies. Stefan Jochum will head the new Frankfurt branch with an initial team of 11 people offering investment advisory, research, and distribution support.
1.100 universidades asistirán en Río de Janeiro al III Encuentro Internaciona...BANCO SANTANDER
El documento anuncia el III Encuentro Internacional de Rectores Universia que se celebrará en Río de Janeiro en julio de 2014. Se espera la asistencia de 1,100 universidades de 46 países. El encuentro analizará el futuro de la universidad y su capacidad de respuesta a las demandas sociales. Banco Santander, que ha destinado 1,000 millones de euros al apoyo de universidades en los últimos 15 años, espera que el encuentro sea la cumbre mundial de la educación superior en 2014.
Banco Santander ayudará a la Universidad de Cantabria a “acrecentar sus habil...BANCO SANTANDER
Banco Santander ha renovado su compromiso con la Universidad de Cantabria (UC) para impulsar acciones que le permitan “acrecentar sus habilidades, ampliar sus oportunidades y profundizar sus conocimientos”, en palabras de Ana Botín. La presidenta de la entidad financiera ha firmado esta mañana junto al rector de la UC, José Carlos Gómez Sal, el convenio que renueva la colaboración que ambas instituciones mantienen desde hace casi dos décadas y que se ha plasmado en multitud de iniciativas de calado social, educativo, cultural y económico para toda la comunidad cántabra
The document provides guidelines for anti-money laundering (AML) compliance programs for digital asset companies. It recommends that all digital asset companies implement a risk-based AML compliance program based on FATF recommendations, even if not required by law. This should include appointing a chief compliance officer, employee training, customer due diligence, transaction monitoring, and an independent annual review. The guidelines are intended to help digital asset companies address AML risks while maintaining goals of financial inclusion, privacy, and innovation.
Third Party Due Diligence - Know Your Third Party - EY IndiaErnst & Young
This document discusses key components of an effective third-party due diligence program to manage compliance risks. It recommends taking a risk-based approach, with varying levels (I, II, III) of investigation based on perceived risk. Level I involves open-source checks, Level II adds localized records searches and reference calls, and Level III includes on-site inspections. An effective program incorporates consistency, management oversight, objectivity, and reasonableness. Management should establish standards, provide oversight, and take appropriate actions. Due diligence procedures should be documented, centralized, and follow predictable rules to reduce ambiguity and demonstrate a fact-based, defensible process.
This document provides professional standards and guidance for individuals and organizations conducting fraud risk assessments in central government. It outlines the core competencies required for fraud risk assessment professionals in areas such as understanding fraud risks, communication skills, and conducting risk assessment processes. The document establishes three levels of competency - trainee, foundation, and practitioner - and provides guidance on processes, products, and organizational considerations for effective fraud risk assessment. It aims to facilitate a consistent approach to counter fraud across government.
Leveraging on Compliance Risk Management to Create ValueEneni Oduwole
The document discusses leveraging compliance risk management to create value by outlining a risk-based approach to compliance, the functions of a compliance department, and how to develop an effective compliance program through measures like guidance, education, and warnings. It also examines the roles of management and the board, internal and external drivers of compliance risk, and integrating compliance with enterprise risk management.
This document discusses compliance programs that companies can implement to prevent anti-competitive practices. It outlines common features of effective compliance programs, including endorsement from senior management, clear policies and procedures, identification of responsibilities, training, controls, and evaluation. It also discusses trends in compliance among competition authorities in different jurisdictions, noting guidance and templates provided. Finally, it discusses international cooperation on compliance through UN principles for enterprises operating across borders.
The document provides information about Spire Advisors Pvt Ltd, a risk management firm. It discusses Spire's risk management solutions which include risk-based internal audits, compliance audits, internal financial controls, IT audits, and standard operating procedures. It then goes into further detail about Spire's approach to risk-based internal audits, compliance audits, and internal financial controls. The document emphasizes the importance of these risk management processes and Spire's role in providing professional services around them.
The document provides guidelines for insurance companies in Ethiopia to manage inherent risks as the National Bank of Ethiopia transitions to a risk-based supervision model. It defines eight significant inherent risks for insurers, including credit, market, liquidity, underwriting, technical reserves, operational, contagion, and reinsurance risks. The guidelines outline roles and responsibilities for boards of directors, management, and other parties in developing risk management programs and policies to monitor and control these risks on an ongoing basis. The aim is to help insurers safely and soundly manage risks to support Ethiopia's economic development.
Explanatory Note for the Internal Control and Risk Management Project of the ...OECD Governance
In the framework of a new project entitled “the corruption risk mapping for effective integrity reforms in MENA countries” and supported financially by the US grant, the MENA-OECD Governance Programme will conduct a regional analysis that focuses on the internal control systems and processes in the MENA region.
IFC Dr SkGupta pptx NIRC Internal financial controlajayinvestrade
The document discusses internal financial controls (IFC) that companies in India are required to establish and maintain under the Companies Act of 2013. It provides background on regulations requiring boards to ensure adequate IFC and operating effectiveness. IFC include policies and procedures for orderly business conduct, regulatory compliance, and fraud prevention. Statutory auditors must report on IFC adequacy and effectiveness beginning in 2015. The document also outlines IFC framework components from the Committee of Sponsoring Organizations of the Treadway Commission (COSO) including control environment, risk assessment, control activities, information/communication, and monitoring. Questions to consider regarding IFC frameworks, mapping, gaps, communication and monitoring are also discussed.
Deloitte has been at the forefront of providing services to help clients - especially for some of the leading financial institutions - to help deal with myriad business and compliance issues presented by financial crime. See More : https://www2.deloitte.com/in/en/pages/finance/topics/forensic.html
Transparency International's Business Integrity Toolkit provides a six-step process for companies to build an effective anti-corruption program: Commit, Assess, Plan, Act, Monitor, and Report. The document outlines each step and what is expected from businesses. It provides examples of commitment statements and anti-bribery policies. Tools from Transparency International are also presented that can help with risk assessments, training, monitoring, and reporting on anti-corruption programs.
This document outlines 8 key drivers of effective enterprise risk management: 1) having a clear risk management strategy, 2) properly assigning risk ownership, 3) ensuring all roles have the proper competencies, 4) applying risk management to strategic decision making, 5) establishing processes for day-to-day operations, 6) ongoing monitoring, 7) periodic internal audits, and 8) establishing a strong risk culture with proper board oversight. Effective risk management requires addressing all these aspects and aligning them with the organization's objectives.
The GARP Buy Side Risk Managers Forum published Risk Principles for Asset Managers, a statement of best-practices guidelines prepared by senior risk management executives of leading investment firms. The Risk Principles document is updated and enhanced from a previous version published in 2008.
Don’t let the title fool you. Establishing a comprehensive AML Program may involve “Five Steps” – but the steps are giant. We’ll break them down, but each area is time-consuming and takes a focused mindset.
We don’t suggest holding someone new to the AML profession solely responsible for implementing an AML Programme. Senior Management needs to understand that there are significant financial and reputational risk exposures if you have an underdeveloped AML Programme. Seek the input of an experienced advisor rather than trying to build a programme alone if you don’t have the experience.
Compliance Tracking includes the methodical monitoring of an association’s adherence to relevant regulations, guidelines, and interior approaches. This cycle intends to guarantee that all parts of the business work within the legal and moral limits laid out.
The New Finmeccanica Compliance- Finmeccanica at Paris Air Show 2013Leonardo
Walter Vasselli, the Group Senior Compliance Officer at The New Finmeccanica, presented on the company's Compliance Program for business ethics and trade controls. The compliance program aims to prevent legal risks and liability for any violations through dedicated compliance units and coordinated activities across subsidiaries. It focuses on processes that could significantly impact the group, has clear interplay with other corporate units, and gives compliance officers authority at all levels. The compliance program establishes principles, systems, and standard processes to manage risks in high-impact legal areas like anti-corruption and trade controls. It also defines protocols for matters like consultant relations. Finmeccanica is making changes like new corporate body appointment rules and a risk management structure
Discussion Topic 1- Internal control consists of the policies and proc.docxrtodd615
Discussion Topic 1: Internal control consists of the policies and procedures established to prevent or detect errors or fraud. The internal control structure is the cornerstone to good financial practices. Review the Management Antifraud Programs and Controls (14-step program) and select one of the steps to discuss. Be sure to share your thoughts on how this step helps to enhance the reliability of financial reporting.
Solution
An Internal Control is a business practice, policy or procedure that is established within an organization to minimize the risk of of fraud and errors.Management is primarily responsible for maintaining proper internal control in such way that will provide reasonable assurance regarding achivement of objectives in following ways-
1- Effectiveness and efficiency of operations
2- Safeguarding of assets
3- Reliability of financial reporting
4- Compliance with applicable laws and regulations
Management Antifraud programs and controls-
It is guidance to help prevent, prevent, Deter and Detect Fraud. Neither fraudulent financial reporting nor misappropriation of assets can occur without a perceived opportunity to commit and conceal the act. This document offers the ways in which management can identify and measure the risk of fraud as well as step to mitigate those risk and implement preventive internal Controls. Management Antifraud Programs and Controls is a 14-step program that any organization can use to detect and prevent fraud.
Creating a Culture of Honesty and high ethics- It is responsibility of Management to create a culture of honesty and ethics and to communicate clearly acceptable behaviour and exception for each emloyee. Creating a culture of honesty it should inclue the following-
1- Setting the tone at the top for ethical behaviour in Organizatio.
2- Creating a positive workplace envouionment.
3- Independent Auditors.
4- Certified Fraud Auditors
.
Presentation by Bachir El Nakib at The International Conference on:
Combating Money Laundering and Terrorist Financing"(AML/CFT)
27th – 28th of April 2011, Coral Beach Hotel, Beirut – Lebanon
The document discusses internal controls and conflicts in the banking system. It defines internal control as a process involving all levels of an organization to ensure efficiency, reliability of information, and compliance. It identifies major elements like the board of directors, senior management, and control culture. It also discusses classifying conflicts in the banking system, including conflicts of interest and roles at the workplace. Specific do's and don'ts are provided for staff to prevent conflicts.
Banco Santander premiado con cinco galardones en los IR MAGAZINE AWARDS EUROP...BANCO SANTANDER
Banco Santander recibió cinco galardones en los IR MAGAZINE AWARDS EUROPE 2018, incluyendo el primer premio en las categorías de Mejor Relación con Inversores en una operación corporativa por la adquisición de Popular, Mejor evento de Relación con Inversores por su Investor Day, y Mejor utilización de las herramientas multimedia en la actividad de Relación con Inversores. También fue premiado en tercer lugar en las categorías de Mejor equipo de Relación con Inversores del sector financiero europeo y Mejor director de Relación con Inversores
1) The document is Santander Group's financial report for the first quarter of 2018, highlighting key performance data such as profits, capital ratios, and customer metrics.
2) Santander achieved double digit profit growth in Q1 2018 driven by strong results in Brazil, Spain, and Mexico, with profits, profitability, and capital all increasing compared to the same period last year.
3) Santander's strategy of focusing on customer loyalty saw increases in both loyal and digital customers compared to the previous year, with solid funding and liquidity positions.
Este documento presenta los resultados del primer trimestre de 2018 de Banco Santander. Resume que los resultados muestran un crecimiento del beneficio atribuido del 10% interanual impulsado por el aumento de clientes, la mejora de la excelencia operativa y la transformación digital. También destaca el crecimiento de los clientes vinculados y digitales, la mejora de la rentabilidad y la generación de capital, permitiendo aumentar el dividendo propuesto.
Este documento presenta los resultados financieros del Grupo Santander para el primer trimestre de 2018. Destaca un aumento del 10% en el beneficio ordinario atribuido respecto al mismo periodo del año anterior, impulsado por los buenos resultados en Brasil, España y México. También resalta el crecimiento del número de clientes vinculados y digitales gracias a la estrategia de transformación comercial. El ratio de capital CET1 fully loaded se sitúa en el 11%, cumpliendo holgadamente con los requerimientos regulatorios.
- Santander reported results for Q1 2018 with profits growing 10% year-over-year to EUR 2,054 million, driven by strong performance across most business areas.
- Key highlights included growth in loyal and digital customers, higher net interest income and fees, and lower provisions as asset quality continued to improve.
- Capital levels remained strong with a fully loaded CET1 ratio of 11.0%, positioning Santander well to meet 2018 targets.
Santander InnoVentures makes its first investment in Brazil via digital lendi...BANCO SANTANDER
Santander InnoVentures, the fintech venture capital fund of Santander Group, announced today an investment in the startup Creditas, the leading Brazilian secured lending platform. This is Santander InnoVentures’ first investment in Brazil and second in Latin America.
Fundación Repsol beca con el apoyo de Fundación Universia a trece universitar...BANCO SANTANDER
Trece estudiantes universitarios, ocho de grado y cinco de máster, han sido seleccionados en la IV Convocatoria de Becas Fundación Repsol destinadas a personas con discapacidad para la realización de estudios superiores en áreas técnicas. Fundación Universia ha colaborado un año más en el proceso de convocatoria y selección de los becados.
Santander recupera la gestión de los cajeros automáticos y de las tarjetas de...BANCO SANTANDER
Santander rehace las alianzas que Banco Popular mantenía con terceras entidades para recuperar la gestión de negocios estratégicos y facilitar la integración, con el foco puesto en la mejora de la experiencia del cliente. La entidad ha alcanzado un acuerdo con Euro Automatic Cash, sociedad propietaria de los cajeros de Popular, que permite a todos los clientes del Grupo Santander (Santander, Popular, Pastor y Openbank) utilizar gratuitamente una red total de 7.500 cajeros en España. Desde octubre, los clientes de Popular ya podían utilizar gratuitamente los cajeros propiedad de Santander, pero aún faltaba por cerrar el acuerdo con esta sociedad, necesario para que los clientes de Santander tuviesen también acceso, sin coste, a la red de cajeros de Popular.
Santander renueva la imagen de marca para reforzar su estrategia digitalBANCO SANTANDER
El Banco Santander ha renovado su imagen de marca para reflejar mejor su estrategia digital y valores corporativos. Mantienen la esencia de su logo pero lo modernizan con una tipografía única y estilizada, y un tono de rojo más brillante, además de aumentar el uso del blanco para transmitir mayor transparencia. La actualización permitirá la convivencia temporal de la marca actual y antigua mientras se implementa progresivamente en canales digitales, comunicación y publicidad, y luego en oficinas y otros activos físicos.
Santander InnoVentures invierte en Roostify, una startup que permite formaliz...BANCO SANTANDER
Santander InnoVentures, el fondo de capital emprendedor en tecnología financiera de Grupo Santander, ha anunciado hoy una inversión en Roostify, una empresa emergente con sede en San Francisco (California) que permite digitalizar todo el proceso para formalizar el contrato de una hipoteca, e incluso hacer las gestiones con el móvil. Roostify se fundó en 2014 para acelerar y simplificar la firma de las hipotecas y eliminar el uso de papel, además de reducir costes en el proceso.
Álvaro Antonio Cardoso de Souza to join Banco Santander's board of directorsBANCO SANTANDER
The board of directors of Banco Santander, in a meeting held yesterday in San Francisco (USA), called this year’s Ordinary Shareholders’ Meeting, which is expected to take place on second call on March 23rd. The agenda for the shareholders’ meeting includes the appointment of Álvaro Antonio Cardoso de Souza as an independent member of the board. He is currently non-executive chairman of the board of Santander Brasil.
Álvaro Antonio Cardoso de Souza se incorporará al consejo de administración d...BANCO SANTANDER
El consejo de administración de Banco Santander, reunido ayer en San Francisco (Estados Unidos), ha convocado la próxima Junta General Ordinaria de Accionistas, que previsiblemente se celebrará el 23 de marzo en segunda convocatoria. El orden del día de la Junta prevé el nombramiento como consejero independiente de Álvaro Antonio Cardoso de Souza, actual presidente no ejecutivo del consejo de administración de Santander Brasil.
Más de 20.000 personas en situación de vulnerabilidad reciben el apoyo de Ban...BANCO SANTANDER
Banco Santander ha destinado 400.000 euros en 2017 a través de su programa Santander Ayuda para apoyar 80 proyectos sociales que han mejorado la calidad de vida de más de 20.000 personas en situación de vulnerabilidad. Los proyectos apoyados incluyen la creación de un centro de emergencia para personas sin hogar en Tenerife y la adecuación de una casa de acogida para mujeres víctimas de explotación sexual en Madrid. El programa Santander Ayuda también ha facilitado proyectos de comida a domicilio para mayores y la ampliación de hu
O santander obtém um lucro atribuído de 6.619 milhões de euros em 2017, uma s...BANCO SANTANDER
O Banco Santander S.A. (‘Santander’) obteve um lucro atribuído de 6.619 milhões de euros em 2017, representando um aumento de 7% face ao ano anterior, após registrar um encargo líquido de mais-valias e saneamentos de 897 milhões. O crescimento dos resultados reflete a qualidade e recorrência das receitas, o bom controle de custos e as melhorias na qualidade de crédito.
O Santander registrou tendências positivas nos negócios, com aumentos das receitas em oito dos seus dez mercados principais. As receitas totais subiram 10%, para 48.392 milhões de euros, com crescimentos da margem de juros e das receitas por comissões de 10% e 14%, respectivamente. Os custos de exploração aumentaram a um ritmo menor do que as receitas, permitindo um incremento da margem líquida de 12%.
Santander attributable profit for 2017 reaches 6,619 million euros - up 7%BANCO SANTANDER
Banco Santander S.A. (‘Santander’) increased attributable profit by 7% to €6,619 million during 2017 after €897 million of net capital gains and provisions, with growth driven by further improvements in the quality and recurrence of revenues combined with good cost control and an overall strengthening in credit quality. The Group continued to see positive trends across its businesses, with revenues increasing in eight of its ten core markets. Total income increased by 10% to €48.4 billion with net interest income and fee income increasing by 10% and 14% respectively. Operating expenses increased at a lower rate than revenues, leading to a 12% increase in net operating income.
Resultados 2017 Santander obtiene un beneficio atribuido de 6.619 millones de...BANCO SANTANDER
Banco Santander S.A. (‘Santander’) obtuvo un beneficio atribuido de 6.619 millones de euros en 2017, lo que supone un aumento del 7% respecto al año pasado, tras registrar un cargo neto de plusvalías y saneamientos de 897 millones. El crecimiento de los resultados refleja la calidad y recurrencia de los ingresos, el buen control de costes y las mejoras en la calidad crediticia. Santander registró tendencias positivas en los negocios, con incrementos de los ingresos en ocho de sus diez mercados principales. Los ingresos totales subieron un 10%, 48.392 millones de euros, con crecimientos del margen de intereses y de los ingresos por comisiones del 10% y del 14%, respectivamente. Los costes de explotación aumentaron a un ritmo menor que los ingresos, lo que permitió un incremento del margen neto del 12%.
Santander lanza la primera gama de fondos de inversión sostenibles en EspañaBANCO SANTANDER
Banco Santander incorpora a su oferta de productos de inversión colectiva una gama nueva de fondos para responder a la demanda creciente de inversión responsable y sostenible. El banco lanza esta semana dos nuevos fondos mixtos, bajo la gama Santander Sostenible, e inicia así un camino para convertirse en una referencia en España en este ámbito.
Banco Santander, líder mundial en el Bloomberg Gender Equality IndexBANCO SANTANDER
Banco Santander se mantiene como líder mundial en el Bloomberg Gender Equality Index por segundo año consecutivo, obteniendo una puntuación de 93,4 sobre 100. El índice valora las políticas e iniciativas de las empresas para fomentar la diversidad de género entre empleados, clientes y la sociedad. Banco Santander aumentó el número de mujeres en puestos directivos un 9% en 2016 y promueve programas de microcréditos que apoyan a más de 250.000 microemprendedores, el 70% mujeres, en Latinoamérica.
El programa Explorer impulsará las ideas de más de 1.200 jóvenes emprendedore...BANCO SANTANDER
El programa Explorer, impulsado por Banco Santander a través de Santander Universidades y coordinado por el CISE, seleccionó más de 1.200 proyectos emprendedores de entre las más de 2.900 candidaturas recibidas. Los emprendedores seleccionados recibirán formación, apoyo y mentoring durante cinco meses para desarrollar más de 900 ideas innovadoras en sectores como medioambiente, salud, educación, turismo o industria. Al final del programa, 52 emprendedores viajarán a Silicon Valley y los tres mejores proyectos rec
Santander y su filial Bank Zachodni WBK adquieren el negocio de banca minoris...BANCO SANTANDER
Banco Santander S.A. (“Santander”) y su filial en Polonia, Bank Zachodni WBK (“BZ WBK”), han anunciado hoy que han acordado la compra del negocio minorista y de banca privada de Deutsche Bank Polska, S.A. (excluyendo su cartera de hipotecas en divisa extranjera e incluyendo las acciones de DB Securities, S.A. (Poland)) por un importe total estimado de 305 millones de euros.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
HR search is critical to a company's success because it ensures the correct people are in place. HR search integrates workforce capabilities with company goals by painstakingly identifying, screening, and employing qualified candidates, supporting innovation, productivity, and growth. Efficient talent acquisition improves teamwork while encouraging collaboration. Also, it reduces turnover, saves money, and ensures consistency. Furthermore, HR search discovers and develops leadership potential, resulting in a strong pipeline of future leaders. Finally, this strategic approach to recruitment enables businesses to respond to market changes, beat competitors, and achieve long-term success.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...BBPMedia1
Nathalie zal delen hoe DEI en ESG een fundamentele rol kunnen spelen in je merkstrategie en je de juiste aansluiting kan creëren met je doelgroep. Door middel van voorbeelden en simpele handvatten toont ze hoe dit in jouw organisatie toegepast kan worden.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...APCO
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
Presentation by Herman Kienhuis (Curiosity VC) on Investing in AI for ABS Alu...Herman Kienhuis
Presentation by Herman Kienhuis (Curiosity VC) on developments in AI, the venture capital investment landscape and Curiosity VC's approach to investing, at the alumni event of Amsterdam Business School (University of Amsterdam) on June 13, 2024 in Amsterdam.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
Best Competitive Marble Pricing in Dubai - ☎ 9928909666Stone Art Hub
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The Steadfast and Reliable Bull: Taurus Zodiac Signmy Pandit
Explore the steadfast and reliable nature of the Taurus Zodiac Sign. Discover the personality traits, key dates, and horoscope insights that define the determined and practical Taurus, and learn how their grounded nature makes them the anchor of the zodiac.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
2. 206 Grupo Santander’s compliance programme
210 Historical data
212 General information
ANNUAL REPORT 2011 205
3. Grupo Santander’s
compliance programme
The General Code of Conduct is the central element of the Regarding the codes and sector specific manuals, the
Group’s compliance programme. This code, which sets out the compliance programme focuses, among others, on the
ethical principles and rules of conduct governing the behaviour following operational spheres:
of all Grupo Santander’s employees, is supplemented by other
rules in codes and sector specific manuals. • Prevention of money laundering and financing of terrorism.
• Conduct in the securities markets.
The compliance management area is part of the general
secretariat division and is responsible, along with other areas or • Marketing of products and services.
units, for executing the compliance programme and, in general,
• Relations with regulators and supervisors.
the Group's compliance policy in order to: (i) minimise the
probability of irregularities occurring; and (ii) identify, report and • Preparing and disseminating the Group’s institutional
ensure that those irregularities that might occur are quickly information.
resolved.
Governance of the compliance programme
The compliance area has the following functions: The board, the audit and compliance committee and other
bodies of the Group, with varying levels of responsibility and
1. Implement the General Code of Conduct and the Group’s different tasks, supervise the compliance programme in Grupo
other codes and manuals. Santander.
2. Supervise the training activity conducted by the human The board approves the Group’s general compliance policy and
resources area. the compliance programme and regularly receives information
from the audit and compliance committee on implementation
3. Manage the investigations made into possible acts of non- of the programme.
compliance, requesting help from internal auditing and
proposing to the irregularities committee the relevant The audit and compliance committee supervises compliance
sanctions. with the General Code of Conduct and the codes and sector
specific manuals and, in general, implementation of the
4. Cooperate with internal auditing in the regular reviews it programme. It makes the necessary proposals for improvement,
makes regarding compliance with the General Code and with and regularly informs the board on the state of the compliance
the codes and sector specific manuals, without detriment to function and implementation of the programme.
the regular reviews of regulatory compliance that compliance
management makes. The report on the compliance function to the board is
permanent and is carried out via the audit and compliance
5. Receive and deal with denunciations made by employees and committee. The Group’s chief compliance officer participated in
third parties through the channel for this purpose. 11 of the 12 meetings held by this committee in 2011.
6. Advise on resolving doubts that arise from implementing As well as presenting at these meetings monographs on various
codes and manuals. issues, the chief compliance officer reported in 11 reports on
7. Draw up an annual report on implementing the compliance 134 specific regulatory issues that affected the Group’s entities
programme, which will be submitted to the audit and throughout the world.
compliance committee. The compliance committee, which is the body responsible for all
8. Regularly inform the general secretary, the audit and matters related to the compliance function that are not specific
compliance committee and the board on the execution of the ones of marketing products and services or the prevention of
compliance policy and implementation of the compliance money laundering and of the financing of terrorism, met five
programme; and times in 2011.
9. Annually asses year the changes needed to be introduced
into the compliance programme, especially in case of
detecting unregulated business areas and procedures
susceptible to improvement, and propose these changes to
the audit and compliance committee.
206 ANNUAL REPORT 2011
4. The corporate committee of commercialisation, which develops The analysis and resolution committee is a collegiate body of
in the Group the processes related to approval of products and corporate scope chaired by the general secretary of Banco
services offered to customers and their monitoring, held 19 Santander, S.A. and made up of representatives from internal
meetings in 2011, and the analysis and resolution committee, auditing, general secretariat, human resources, as well as the
specialised in prevention of money laundering and financing of most directly affected business units.
terrorism, met four times.
The CDPML is integrated into the corporate area of compliance
Lastly, as part of its functions of investigation and internal and reputational risk and its function is to establish, coordinate
control, internal auditing carried out tests and necessary reviews and supervise the systems and procedures for the prevention of
to ensure that the rules and procedures established in the money laundering and of financing of terrorism in all the
compliance programme are being fulfilled. Group’s units. At the end of 2011, the CDPML had 40
employees.
Prevention of money laundering and of financing
of terrorism There are also people responsible for prevention of money
It is a strategic objective of Grupo Santander, a socially laundering and of financing of terrorism at four different levels:
responsible organisation, to have an advanced and effective area, unit, branch and account.
system to prevent money laundering and the financing of
A total of 508 professionals work in the Group in the area of
terrorism, permanently adapted to the latest international
prevention of money laundering and of financing of terrorism.
regulations and with the capacity to meet the appearance of
Of them, three-quarters work on this and nothing else. They
new techniques by criminal organisations.
tend to 195 units in 35 countries.
Money laundering is participation in any activity whose purpose
Grupo Santander has established in all its units and business
is to acquire, possess, use, convert, transfer, hide or mask the
areas corporate systems based on decentralised IT applications.
nature, origin, location, disposition, movement or ownership of
These enable transactions and customers who because of their
goods or rights on goods, knowing that these goods come from
risk need to be analysed to be presented to the branches of the
criminal activity or participation in criminal activity.
account and/or customer relation managers. The tools are
Financing of terrorism is understood as supplying, depositing, complemented by others centralised by teams of analysis from
distributing or collecting funds, by any means, directly or prevention units who, on the basis of certain risk profiles and
indirectly, with the intention of using them or with the changes in certain patterns of customer behaviour, enable
knowledge that they will be used wholly or partly to commit a operations susceptible of being linked to money laundering
crime of terrorism. and/or the financing of terrorism to be analysed, identified early
on and monitored.
The prevention function is articulated around policies that set
minimum standards that Grupo Santander’s units must observe, The Group analysed a total of 24.8 million operations in 2011
formulated in accordance with the principles of the 49 (both by the commercial networks as well as money laundering
recommendations of the Financial Action Task Force Group and prevention teams), of which more than one million were by the
Directive 2005/60/EC of the European parliament and of the units in Spain.
Council, of October 26, 2005, regarding prevention of using the
Procedures have also been established in all units that enable
financial system to launder money and finance terrorism.
suspicious transactions to be communicated to the authorities,
These policies are set out in corporate manuals (universal guaranteeing throughout the circuit the strictest confidentiality.
banking, private banking and correspondent banking). These
In 2011 the Group opened and investigated 73,942 cases
internal rules have been transposed to all the Group’s units
regarding customers and operations with signs of links to
throughout the world, with the necessary local adaptations. The
criminal activities. As a result of these investigations, 20,162
various subsidiaries and business areas have manuals and
communications were issued to the relevant authorities in
procedures adapted to the type of business and profile of
various jurisdictions, as the initial suspicions were firmed up
customers.
(voluntary communications for suspicion).
The central department for the prevention of money laundering
One of the Group’s priorities in this sphere is to take the
(CDPML) carried out actions in 2011 to fully adapt the units to
necessary steps so that all employees know the requirements
the rules transposed by the third directive of the European
resulting from the prevailing regulations. In 2011, 119,976
Union, mainly regarding the requirement of segmentation by
employees received training on prevention of money laundering
risk of money laundering and financing of terrorism of all
(a total of 146,911 hours).
customers in the process of contracting, as well as
establishment of due diligence differentiated on the basis of the The CDPML and the local departments of prevention conduct
risk assigned (strengthened, standard or simplified). It also annual reviews of all the Group’s units throughout the world. In
promoted a permanent and systematic task of updating the 2011, 172 units were reviewed, 25 in Spain and the rest abroad,
rules in all units abroad. issuing reports that state the measures to be taken to improve
and strengthen systems. These reports entail in all cases the
The organisation to prevent money laundering and the financing
measures to be taken (recommendations) to improve the
of terrorism has three pillars: the analysis and resolution
systems. In 2011, 338 measures were established, which are
committee, the central department for the prevention of money
being monitored until their full and effective implementation.
laundering and executives in charge of prevention at the various
levels.
ANNUAL REPORT 2011 207
5. Many units are submitted to regular reviews by external Conduct in the securities markets
auditors. Deloitte carried out in 2011 an integral review of the The functions of compliance management with regard to the
global system of prevention of money laundering at the parent code of conduct in the securities markets are as follows:
bank and in the rest of the units in Spain. This review also took
into consideration aspects of coordination and global 1. Register and control sensitive information known and/or
supervision of the rest of the Group’s units in the world. The generated by the Group.
report issued in April 2011 did not find any evidence of material
2. Keep updated the lists of securities affected and related
weakening of the system, limiting itself to formulating an
personnel, and watch the transactions conducted with these
eventual recommendation of the rectification arisen and an
securities.
eventual recommendation of the improvement suggested.
3. Monitor transactions with restricted securities according to
Santander is a founder member of the Wolfsberg Group along
the type of activity, portfolios or collectives to whom the
with 10 other large international banks. The Wolfsberg Group’s
restriction is applicable.
purpose is to establish international standards that increase the
effectiveness of programmes to combat money laundering and 4. Receive and deal with communications and requests to carry
the financing of terrorism in the financial community. Various out own account transactions.
initiatives have been developed on anti-money laundering in
private and correspondent banking, the financing of terrorism, 5. Control own account transactions of the personnel subject
among others. Regulatory authorities and experts in this area to the CCSM.
believe that the principles and guidelines set by the Wolfsberg
Group represent an important step in the fight against money- 6. Manage failures to comply.
laundering, corruption, terrorism and other serious crimes.
7. Resolve doubts on the Code of Conduct in the Securities
During 2011, the Wolfsberg Group published the Principles of Markets (CCSM).
Action in Foreign Trade Activity and two guides of good
8. Resolve and register, in the sphere of its responsibilities,
practices (to prevent corruption and on prepaid cards). It also
conflicts of interest and situations that could give rise to
maintained working groups to propose best practices regarding
them.
various compliance and regulatory issues. As part of the private
sector, it cooperated actively in consultations by different 9. Assess and manage conflicts arising from the analysis
regulatory and supervision bodies. activity.
10. Keep the necessary records to control compliance with the
obligations envisaged in the CCSM.
11. Develop ordinary contact with regulators;
12. Organise the training and, in general, conduct the actions
needed to apply the code; and
13. Analyse activities suspicious of constituting abuse of the
market and, where appropriate, report them to the
supervisory authorities.
The compliance management of the parent bank together with
the compliance executives of the subsidiaries verifies that the
obligations contained in the CCSM are observed by more than
8,000 Group employees throughout the world.
208 ANNUAL REPORT 2011
6. Marketing of products Other compliance activities
The section on reputational risk in the risk management report Compliance management continued to carry out other activities
(pages 196 to 197 of this annual report) describes the in 2011 inherent to its sphere, such as, among others, reviewing
composition, functions and activities carried out in 2011 by the the Bank’s internal rules (circulars and various notes) before their
corporate committee of marketing. The corporate office for publication, ensuring treasury stock operations are in line with
management of reputational risk and the global consultative internal and external rules, maintaining the section on
committee are also dealt with. regulatory information on the corporate website, reviewing the
vote recommendation reports for shareholders’ meetings drawn
Relations with the supervisory authorities and up by the leading proxy agencies in this area and sending
dissemination of information in markets periodic regulatory information to the supervisory bodies
Compliance management is responsible for answering the (treasury stock, significant equity stakes, opening and closing of
information requirements of the regulatory and supervisory branches).
bodies in Spain and in those countries where the Group
operates, monitoring the implementation of measures
emanating from the reports or inspection activities of these
bodies and supervising the way in which the Group disseminates
institutional information into markets, ensuring it is done
transparently and in accordance with the requirements of
regulators.
At each meeting, the audit and compliance committee is
informed of the main matters.
The 2011 report of the audit and compliance committee
contains more information on relations with supervisors and
institutional information on the Group.
ANNUAL REPORT 2011 209
7. Historical data(1)
2001 - 2011
2011 2010 2009 2008 2007
Mill. $ Mill. euros Mill. euros Mill. euros Mill. euros Mill. euros
Balance sheet
Total assets 1,619,348 1,251,525 1,217,501 1,110,529 1,049,632 912,915
Net customer loans 970,555 750,100 724,154 682,551 626,888 571,099
Customer deposits 818,435 632,533 616,376 506,976 420,229 355,407
Customer funds under management 1,273,654 984,353 985,269 900,057 826,567 784,872
Shareholders' equity (2) 104,326 80,629 75,273 70,006 63,768 51,945
Total managed funds 1,789,438 1,382,980 1,362,289 1,245,420 1,168,355 1,063,892
Income statement
Net interest income 42,852 30,821 29,224 26,299 20,945 14,443
Gross income 61,539 44,262 42,049 39,381 33,489 26,441
Net operating income 33,886 24,373 23,853 22,960 18,540 14,417
Profit before taxes 11,038 7,939 12,052 10,588 10,849 10,970
Attributable profit to the Group 7,439 5,351 8,181 8,943 8,876 9,060
2011 2010 2009 2008 2007
$ Euros Euros Euros Euros Euros
Per share data(3)
Attributable profit to the Group 0.8366 0.6018 0.9418 1.0454 1.2207 1.3320
Dividend 0.7763 0.6000 0.6000 0.6000 0.6325 0.6068
Share price 7.595 5.870 7.928 11.550 6.750 13.790
Market capitalisation (million) 65,070 50,290 66,033 95,043 53,960 92,501
Euro / $ = 1.2939 (balance sheet) and 1.3903 (income statement)
(1) Figures from 2004 on according to IFRS.
(2) In 2011, estimated data of May 2012 scrip dividend.
(3) Figures adjusted to capital increases.
(4) Compound Annual Growth Rate.
Net customer loans and total managed funds Profit before provisions (net operating income)
Billion euros Billion euros
1,383
24,373
1,362
23,853
Total managed funds
22,960
1,245
1,168
1,064
18,540
1,001
962
793
14,417
750
724
11,218
683
627
461
453
571
418
8,765
523
436
6,431
5,944
5,721
369
5,566
Net customer loans
173
174
163
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
with IFRS with IFRS
210 ANNUAL REPORT 2011