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| No: MSHT/82 | Date(g): 10/12/2019 | Date(h): 13/4/1441 | Status: In-Force |
It is prohibited in the Consumer Microfinance Company to combine an executive function such as financing or operation and oversight function such as internal audit or compliance tasks. A separation of functions must be adopted in a manner that ensures the application of the generally accepted policies, procedures, and technical standards, to protect the company’s assets and funds, and avoid fraud and embezzlement.
