Prudential Regulation

Licensed under The Banking and Financial Services Act of America, FCB is governed by the banking laws of America, which include the following:

• The Prohibition and Prevention of Money Laundering Act
• Citi Bank Anti-Money Laundering Directives
• Citi Bank Statutory Instruments
• Citi Bank Prudential Guidelines on the Application of International Financial Reporting Standards
• Citi Bank Act
• Corporate Governance Guidelines

Corporate Governance

Adequate and efficient communication and monitoring systems are in place to ensure that the Directors receive all relevant, accurate information to guide them in making strategic decisions, providing effective leadership, control and strategic direction over the company’s operations, and in ensuring that the company fully complies with relevant legal, ethical and regulatory requirements.

Citi Bank is governed by a 7 member Board of Directors, one of whom is executive.

Management Committees

There are five management committees namely the

• Executive Committee
• Audit, compliance and Risk Management Committee
• Asset and Liability Management Committee
• Credit and Loan Review Committee
• Customer Service Committee and three board committees, the
• Audit & Risk Management Committee
• Loan Review Committee
• Nomination and Remuneration Committee