In line with their shared
commitment to build a secure cashless ecosystem, the Securities and Exchange
Commission (SEC), together with Anti-Financial Account Scamming Act (AFASA)
Bill proponent Sen. Win Gatchalian, Senate deputy majority leader and chairman
of the Senate Committee on Banks, Financial Institutions, and Currencies Sen. Mark Villar, and leading finance super app GCash, have
kick-started the Compliance Week Celebration, which aims to build trust among
users.
With the theme ‘IComply: Elevating
the Culture of Compliance Through Intentional Compliance’, the Compliance Week
Celebration was recently held at the GCash HQ and aims to promote a culture of
compliance in the workplace.
In recent years, GCash has actively
consulted with the government, which it considers a partner in building trust
among its growing users.
“Compliance is GCASH - Governance,
Control, Accountable, Supervision, High-level. To be compliant, we should be
accountable and properly supervised, and the culture of compliance should be
embedded in all levels,” said SEC director Meonee Felizmenio.
During the event, GCash agreed with
SEC commissioner Kelvin Lee and director Meonee Felizmenio to be intentional in
compliance because it plays a vital role in maintaining the integrity and
stability of financial markets. Furthermore, companies stand to gain by
adhering to regulations, fostering trust, and achieving sustainable growth.
“Stability, competition, trust, and
transparency remain a common interest of GCash and our government. Constant
engagement and collaboration between us is important to fast-track the learning
of essential concepts that contribute to its stability,” said GCash president
and chief executive officer Martha Sazon.
Throughout the Compliance Week
Celebration, attendees experienced a diverse range of activities, including
panel discussions, workshops, and networking sessions. These activities
empowered participants with the knowledge and tools necessary to cultivate a
culture of compliance within their respective organizations.
For more information, visit https://www.gcash.com
