Taxation is a crucial activity, mainly concerned with identification of tax payers, compliance with laws, collection of evidences, verifying the income, authenticating the tax accounting process, and so on. Sound knowledge and skills in taxation system is possible when the staff are acquainted with various aspects of taxation, such as taxation acts, rules, regulations and norms and their application by various incumbents.
Signature Verification with proper documentation is always essential in financial sector. In merchant banking identifying a genuine person is one of the major task. Signature verification and genuine Id identification can very much reduce such level of risk. This session will address these issues along with other events.
Forgery in documents which are used for any banking transactions may lead to greater economic loss. Hence personnel involved in such activities need to know the ways of forgery in documents like check, ID and different aspects of signature, fingerprint etc. Recent events show the vulnerabilities of bank employee in detecting such forgeries, especially detecting forged signature, ID and checks. Hence getting such knowledge regarding such aspects makes banking employee and bank more secure.
Forgery in documents which are used for any banking transactions may lead to greater economic loss. Hence personnel involved in such activities need to know the ways of forgery in documents like check, ID and different aspects of signature, fingerprint etc. Recent events show the vulnerabilities of bank employee in detecting such forgeries, especially detecting forged signature, ID and checks. Hence getting such knowledge regarding such aspects makes banking employee and bank more secure.
For financial institutions, better handling of different types of documents is essential. Technique to communicate with customer legally with good faith is always required in any institutions. Likewise signature verification is basic need for bankers whereas losses due to forged signature are in increasing order. Similarly, trade of counterfeit currency is big threat for our economy. Forensic laboratory is continually receiving such forged documents, cheques as well as currencies. The awareness towards it is essential for bankers.
Operational Risk Events (Internal Loss Data) Reporting is the oldest and the most common operational risk reporting system. NRB Risk Management Guidelines requires banks to systematically track and record all relevant operational risk data on individual loss events or near misses. Therefore, every bank should have a robust internal loss data reporting system.
