Background the implementation of the compliance procedures and activities of Russian credit organizations

The article discusses the need for the use of compliance procedures in the activities of domestic banks. The authors show the historical development of approaches to the essence of compliance control, reflect the basic prerequisites and causes of its occurrence, the need for implementation in the activities of credit institutions at the present stage, reflects the advantages of the implementation of compliance control based on risk assessment. The authors consider the need for significant costs and further adaptation of the regulatory framework as limiting factors for the widespread use of the compliance mechanism. Modern corporations are obliged to corruption scandals in the United States, and the subsequent change in legislation in the field of implementation of the mechanism of control over various risks. The need for transparency of the financial market, the implementation of standards on the control of risk issued by the Bank of Russia, called the feasibility of implementation of compliance functions in the activities of credit organizations...