(EN) DF BBO Weekly Meeting-20240715_170017-Meeting Recording

0:32
All right, it is 5:00 PM shut right now.

0:35
So shall we start now to their meetings?

0:39
DO Financial BPO weekly meeting dated 15 July.

0:42
So let's move to the first topic.

0:45
Do financial EU site site, which is the first department to be presented is legal and compliance.

0:57
Hello guys.

0:59
I go there on on the absence of TV up for the update.

1:04
The that is for our license is that this Friday the 19th of July we're having the Moco inspection with AMF.

1:14
In essence that's it's our preparation etcetera that will be coming to this in in terms of set up those I find which person and beauty so that the role would have subsequently on the 25 of July, not this the same next day we book visit from 5-6 they will be coming over to our offices.

1:43
Usually it's a one day inspection.

1:45
It will be it should take more than two hours for their visit in the office to meet the people etcetera.

1:54
The idea is that that they who will be working from the office only the people who are registered on the site license the the remaining keyboard will be working from from remote.

2:10
That's the two main thing.

2:12
We still have some update that's happening on on the fake deal the the CRM some feedback that we are receiving from AMF likewise on on the website will be done on Friday.

2:31
Something that feedback the kids and product description forms.

2:37
They are currently under review by AMF.

2:41
We seeking but they they latest update on on this we contacted .9 for the Emir and Missy reporting We have for this is there in in place also and we are due to finalize the the agreement with Rec bank and so as to have this in place also.

3:16
OK thank you studios for the last one.

3:20
The agreement seems to be something quite simple.

3:23
So is anyone from the compliance team in KL can answer why it is stuck there?

3:33
Or I mean what's the expected finish date?

3:37
Do you have a idea on this which it should be?

3:49
It should be simple.

3:50
Probably what Sylvia is is mentioning is about the intercompany agreement between the financial cycles and the pinpoint which it's it's just putting in place a uncle company and it shouldn't be, it shouldn't be something or presence.

4:09
Let me follow up with Sylvia to to see if there's any footpath there.

4:15
OK, no problem.

4:22
All right, if no one going to highlight into more details, let's move to the next part which is DFID Indonesia shall legal and compliance team also to start the present.

4:38
Thank you, Yvonne.

4:39
So for the change of shareholders, there is a new requirement to provide the deed of share capital injection.

4:45
This one here I've already arranged with the company secretary and then but Danny is free this Thursday.

4:51
So we are currently pending the company secretary to confirm on the time for but they need to go and send the documents.

4:57
So hopefully we expect to be done by this week so that we can submit to and our local manager and directors have been talking with Bapati officer regarding this.

5:08
So they actually need the our holding company which is Do Financial Indonesia to replace what kind of capital.

5:16
So in the end PT Do Financial Indonesia must inject 35 billion to PTPTF.

5:24
And so as long as we can show the proof of this deposit, then they are fine to go.

5:29
And for ISO 2000, 001, we have already started the kickoff meeting, created, created all the necessary groups with the actuator and we have also signed the NDA and collaboration agreement with them.

5:47
And we have also provided and reviewed license information and documents to marketing department regarding the PT DO financial Futures website.

5:57
We have also reviewed the KYC forms both in Indonesian and English language for PT2 financial futures.

6:04
And also we have also helped the IT department and GM department to fill in the applications form for the Internet service providers, Both of them are CBN and Busnet.

6:15
We have also provided the supporting documents today.

6:19
And for the lease agreement, we have finally signed the hard copy and we have also sent back to the international office.

6:26
Thank you.

6:34
All right, it's done for Indonesia.

6:37
Let's move to part three.

6:38
Do financial SAFSA.

6:43
Oh, I see someone is writing stereos.

6:46
How you proceed?

6:50
Yep, I'll cover for this also.

6:53
In essence, we concluded that last we're going on engaging with ARC.

6:58
We'll, we'll get back to them for announcing and they go ahead.

7:04
They send out their engagement letter.

7:07
Therefore I would be reviewing and sending for a signature and it's sending back to them The process we follow that we are engaging the local.

7:20
I answer sometime we'll be advising on setting up a local company which needs to be set up open a bank account and then launch the application with FSP.

7:37
That's that's the update on South Africa.

7:41
All right, thanks Tina again.

7:48
So next to do financial MEUE Central Bank, which is legal and compliance team Tina's recovery is also Yep, any compliance team in the oh, OK, that's rusty.

8:06
Yep, let me also brief here.

8:11
In essence, we are expecting the translation of them what I'm doing and articles of association to the translator in for Arabic.

8:23
For the spending we expect the copy of our state license and and I see agreement to be also translated copy of the ownership of the company.

8:38
And there are 14 policies that needs to be uploaded in in our portal.

8:48
Last one, the staff who will be taking the regulatory Rd.

8:56
for the Dubai company, they are in the process of receiving their activations.

9:03
We'll have one we just completed for that.

9:08
We'll have the other three roads in in process for being completed.

9:14
We also had in discussion on on this market during the weekend with Winston will be point for a full time Rd.

9:29
for the operations manager in in Dubai, someone resident so as to be the person can't link the license.

9:39
In essence the local person.

9:43
This person can be hired and get the and sit for the exams within a reasonable time frame.

9:51
In the meantime, in order to avoid the delays on the license, who will be looking for people who have who are already accredited on the necessary credentials for taking the positions in Dubai for us to for us to get them on a nominal Rd.

10:14
that to use their name at a place for tech and and be able to progress with the with the license once we are ready for this.

10:30
All right, thanks again on this.

10:33
So next, there's nothing much in the discussion portion.

10:37
So next is do financial Kenya.

10:40
There's nothing much here as well.

10:41
So do anyone here do you want to highlight any is that anything comes to your concern you may highlight right now?

10:54
OK, so if that is it, we shall end here.

10:59
So thank you everyone for attending to the meeting.

11:02
Thank you.

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