Compliance and Risk Committee

1. Background

The Risk and Compliance Committee (the “Committee”) is established by the newly elected Board of Directors of the Cambodia Microfinance Association (CMA) for the term 2024 – 2025. The specific objective of the Committee is to support the members in the Microfinance and Financial Sector to design comprehensive mapping and systematic approaches to identify, anticipate, and respond to the major compliance requirements and risk aspects that will be threatening to the sector. In addition, the Committee will also provide an overall recommendation on the standards and requirements set forth in applicable laws and regulations issued by the Royal Government of Cambodia and the National Bank of Cambodia. The Committee provides support to the Board of Directors of CMA.

The Committee will play an important role in reviewing and addressing concerns/issues related to regulatory compliances, AML/CFT compliance and related risks that have been brought by the members through relevant clubs of CMA for resolution supports. The Committee will also represent the members to seek clarification from relevant authorities if the concerns/issues raised by the members are complicated and technical.

2. Purpose of the Term of Reference

This Terms of Reference aims to describe the responsibilities of the Committee, identify its membership, outline the decision-making process, and define the reporting and meeting procedures. This Term of Reference will help ensure that the Committee effectively discharges its roles and responsibilities in relation to the reviewing and addressing risk and compliance related matters.

3. Committee Composition:

Chairman:

• Mr. SOK Voeun, Vice-Chairman of the CMA's BoD and CEO of LOLC (Cambodia) Plc.

Vice-Chair:

• Mr. KEA Borann, CMA Board Member and CEO of AMK Microfinance Institution Plc.

Member:

• Mr. SIM Senacheert, CMA Board Member and CEO of First Finance Microfinance Institution Plc.
• Mr. DY Sitha, CMA Board Member (representative of Rural Credit Institution) and CEO of DAIKOU Finance Plc.
• Mr. KHENG Tilen, CMA Board Member (representative of Leasing Institution) and CEO of BSP Finance (Cambodia) Plc

Invitee:

• Mr. UK Kosal, Chairman of CMA’s Compliance Officer Networking group (CONG) Club and Chief Compliance Officer of AMK Microfinance Plc.
• Ms. PEAIG Pisak, Chief People and Development Officer of AMK Microfinance Plc.
• Mr. MAK Vichet, Chief Compliance and Risk Officer of AMRET Microfinance Plc.