The Compliance Department is responsible for ensuring that Bank-e-Millie-Afghan operates in accordance with legal, regulatory, and internal policy requirements. The Department, plays a key role in safeguarding the Bank against risks associated with non-compliance and ensures ethical practices across all functions. Moreover, the Department works to mitigate legal liabilities, ensure adherence to laws and regulations, and create a culture of compliance within the Bank.

Key Functions
Compliance Policies: The Department develops, implements, and maintains comprehensive compliance policies in line with local and international laws, regulations, as well as industry standards. This includes policies related to Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF), Data Protection, Fraud Prevention, and more. These policies guide employees in adhering to regulatory requirements and mitigating risks of non-compliance.

Compliance Reviews: Regular assessments and audits are conducted to evaluate the Bank's adherence to compliance policies and procedures. This function ensures that internal processes are effective in managing compliance risks and that any deficiencies are identified and timely addressed. The reviews include analyzing transactions, reviewing customer due diligence processes, and ensuring all reporting obligations are fulfilled.

Regulatory Coordination: This function acts as the liaison between the Bank and Regulatory Authorities. It ensures that the Bank remains up-to-date with changes in laws and regulations, communicates these changes internally, and coordinates any necessary actions to maintain compliance. Regulatory coordination includes timely reporting to regulators, responding to inquiries, and ensuring proper licensing and certifications are maintained.