Therefore, the question that each one of you will need to answer for his or her organisation is: “how can I be sure that my organisation is compliant?” The ABN AMRO case 12 Recently, the importance of an adequate compliance function was illustrated by events that took place within ABN AMRO, one of the largest credit institutions headquartered in the Netherlands, and one of the large internationally operating banks worldwide.
8  Enhancing corporate governance for banking organisations, Basel Committee on Banking Supervision, February 2006, paragraph 17. 9  Compliance and the compliance function in banks, Basel Committee on Banking Supervision, April 2005, paragraph 18. 10  Compliance and the compliance function in banks, Basel Committee on Banking Supervision, April 2005, paragraph 22.