A Jersey-based bank has been praised for its work to ensure it has industry leading governance and compliance systems.
Standard Bank Wealth International was awarded for ‘Best Arrangements in Governance, Risk and Compliance’ at the Compliance Register Platinum Awards in London.
The winners were chosen by the compliance sector’s professional body.
Séan Flanagan, head of compliance at Standard Bank Wealth International, said: “The bank’s performance is built on the foundations of excellence in compliance so it is heartening to receive confirmation that we are doing a good job at all levels. The ceremony was a great celebration that showcased a side of banking that rarely receives recognition outside of the industry and to win an award was a fantastic achievement.”
Will Thorp, chief executive officer of Standard Bank Wealth International, added: “This has been another excellent year for the compliance team and this award is thoroughly deserved. It is confirmation of the strength of our proposition and ability to deliver on a commitment to be the leading Africa-focused offshore wealth manager.”
The Compliance Register, which promotes industry best practise said the bank’s efforts put them ahead of the rest.
Ben Goh, chairman of the Compliance Register, said: “It demonstrates the bank’s continuing commitment to high standards of compliance. Good governance, compliance and risk are absolutely critical in ensuring and meeting regulatory challenges globally.”