Glossary entry (derived from question below)
English term or phrase:
'customer due diligence' and 'compliance risk'
Serbian translation:
'poznavanje i praćenje stranke' i 'rizik usklađenosti poslovanja'
English term
'customer due diligence' and 'compliance risk'
| 4 +2 | mjere opreza i rizici od gubitka zarade zbog nepridrzavanja ili krsenja propisa |
miro_s (X)
|
| 4 | detaljno sagledavanje/upoznavanje klijenata; rizik usklađenosti poslovanja |
Miomira Brankovic
|
May 4, 2008 12:26: miro_s (X) changed "Edited KOG entry" from "<a href="/profile/0">'s</a> old entry - "'customer due diligence' and 'compliance risk'"" to ""mjere opreza i rizici od gubitka zarade zbog nepridrzavanja ili krsenja propisa ""
May 4, 2008 12:31: miro_s (X) changed "Edited KOG entry" from "<a href="/profile/95608">miro_s (X)'s</a> old entry - "'customer due diligence' and 'compliance risk'"" to ""'mere poznavanja i praćenja stranke' i 'rizik usklađenosti poslovanja'""
Mar 15, 2017 10:55: ipv changed "Level" from "Non-PRO" to "PRO"
PRO (3): Miomira Brankovic, Veronica Prpic Uhing, ipv
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Proposed translations
mjere opreza i rizici od gubitka zarade zbog nepridrzavanja ili krsenja propisa
Serbia
Economist, 35 yrs in Econ./Finance/Law
Native in: Serbian
Works in: English to Serbian, Serbian to English, Serbo-Croat to English, and 3 more.
detaljno sagledavanje/upoznavanje klijenata; rizik usklađenosti poslovanja
I would translate customer due diligence as 'detaljno sagledavanje /alternatively: upoznavanje/ klijenata' (no references).
The second term, though, is incorporated in some pieces of legislation and its exact translation is 'rizik usklađenosti poslovanja'. Two paragraphs of the same Law in English and Serbian are provided as reference, both can be found on www.nbs.yu
Rukovodilac organizacione jedinice iz stava 1. ovog člana odgovoran je za identifikaciju i praćenje ***rizika usklađenosti poslovanja*** banke i za upravljanje tim rizikom, koji posebno obuhvata rizik od sankcija regulatornog tela i finansijskih gubitaka, kao i reputacioni rizik. ***Rizik usklađenosti poslovanja*** banke nastaje kao posledica propuštanja usklađivanja poslovanja sa zakonom i drugim propisom, standardima poslovanja, procedurama o sprečavanju pranja novca i finansiranja terorizma, kao i sa drugim aktima kojima se uređuje poslovanje banke.
Zakon o bankama, čl. 83, st. 3.
The manager of the organizational unit specified in paragraph 1 of this Article shall be responsible for identification, and monitoring of the ***risk of compliance*** of the bank’s business activities as well as for the management of this risk, which specifically includes the risk of sanctions imposed by the regulatory authority, and the risk of financial losses as well as the reputational risk. ***Risk of compliance*** of the bank’s business activities arises as a consequence of failure to harmonize business activities with the law and other regulation, business standards, procedures for prevention of money laundering and financing of terrorism, and other enactments which regulate business activities of the bank.
Law on Banks, Art. 83, para. 3.
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