Head, Compliance & Governance

Fariq Hassan

Background

Fariq Hassan was appointed as Head, Compliance & Governance for Touch ‘n Go on 2 July 2017 to oversee the controls of the business franchise and was heavily involved in setting up TNG Digital Sdn. Bhd. He began his career with Bank Negara Malaysia (BNM) as Bank supervisor in March 1998. During his more than 17 years of experience in BNM, he held various functions in BNM in IT and DFI Supervision Dept, Payment Systems Policy Dept., Special Project on Money Changing and Remittance Industry. His last role in BNM was in Money Services Business Regulation Dept.

He embarked his next career journey with Federation of Investment Managers Malaysia (FIMM) as a General Manager in Regulatory Services in Sept 2015. He spent almost 2years in FIMM including assuming the role of Chief Executive Officer (CEO) in his last 10 months.

Fariq manages compliance matters of Touch ‘n Go to ensure adherence to all applicable laws, regulations and guidelines governing e-money business; implement sound corporate governance standards and practices such as establishment of policy and procedures, instituting delegated authority and clear reporting and structure for Board and Management Committees; provide advice the board, senior management and staff on regulatory matters; and creates awareness and promote compliance structure within the organisation.

His areas of expertise include Audit, Payment Systems, Money Services Business, AML/CFT, Regulatory Compliance and Corporate Governance. He acquired multi-skillset as a well-rounded Central Banker based on his various positions held with BNM as bank examiner, policy makers and operations as well as leadership qualities in steering FIMM as CEO in stakeholders’ management and overseeing strategic matters.

Fariq graduated with a Bachelor of Accountancy (Hons) from UiTM, Malaysia and is a qualified Chartered Accountant and a member of the Malaysian Institute of Accountants. He is also an affiliate member of Asian Institute of Chartered Bankers (AICB), Malaysia.