Basics of the development of compliance control in credit organizations

The article discusses the basics of the development of compliance control in credit organizations of the Russian Federation and the stages of its formation. The definition of internal control is given, and the basic elements of a compliance system are also considered. In addition, the regulation of compliance in Russia on the basis of regulatory documents of the Central Bank of Russia and the Basel Committee has been examined in detail. The most significant problems of the functioning of compliance in Russia are identified, as well as key factors that determine the direction of development of compliance in Russia are identified.