Workshop on Fraud Prevention and Banking Regulations held for Dhar & Jhabua Branch Officers of District Cooperative Central Bank

Dhar (Madhya Pradesh): A one-day workshop was held for the officials of Dhar and Jhabua branches of District Cooperative Central Bank Limited, focusing on prevention of embezzlement and fraud and banking regulations.

The event was held at the bank’s auditorium in Dhar. The workshop was attended by several eminent guests including Deputy Commissioner Cooperative RK Gangle and Bank Administrator Varsha Shrivas. CEO KK Raikwar was also present.

During the workshop, they provided valuable insights into the implications of various provisions relating to income tax including their relevance to prevention of money laundering, bank CTR, GST, tax audit, STR, SFT reporting and cyber security. The lead trainer stressed on the importance of recognizing early signs of embezzlement and fraud, discussing critical topics such as KYC (Know Your Customer), ALM (Asset Liability Management) and continuous monitoring of bank employees. The Deputy Commissioner further elaborated on the early symptoms and preventive measures against embezzlement fraud within the branches and committees of the District Cooperative Central Banks.

Finally, CEO Raikwar thanked all the participants for their participation and encouraged them to prioritize the essential information shared during the training. The workshop was attended by various officials including Branch Officer Mamta Shukla, Marketing Officer Saurabh Samkariya and other key personnel.