Iraq to the whitelist financially

Iraq to the whitelist financially

9/26/2016 

The testimony of the highest international working group

BAGHDAD - Tariq al - Araji ,

it 's time to reap the fruits of the work done by the government of the reforms and the Central Bank of the economic measures, as it plans to highest international group to monitor the money moving internationally to get Iraq out of the gray white list to which confirm confidence of the world in Iraq financially.

Governor of the Central Bank on the Keywords said in a statement »Sabah»: the «central work on activating laundering office money and give him the powers of the administrative and fiscal conservative and full independence after undergoing rehabilitation capabilities of operations with international support and coordination with international organizations».

he said it was «expected to qualify this thing Iraq to get out of the black danger zone , which was threatened them to get out of the gray , which is currently classified where is warned area and move to white in January, according to the financial action Task Force (fatf) ».

and know FATF as« an intergovernmental body the task of studying the techniques and trends of money laundering and financing of terrorism, preparing and developing policies to combat money laundering and financing of terrorism , both domestically and internationally ».

Keywords noted that this step increases the confidence of the world in Iraq , financially and economically, in addition to contributing to reduce the fiscal deficit, indicating that it (Transitional) It came after government reforms and the central bank.

 which was threatened them to get out of the gray , which is currently classified where is warned area and move to white in January,

lonelyintexas wrote:Topic: FATF Recommendations
The FATF Recommendations are the internationally endorsed global standards against money laundering and terrorist financing: they increase transparency and enable countries to successfully take action against illicit use of their financial system.

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The above is just some more information on what FATF does.  So with this article and it's timing, makes me think good things will be happening towards January of 2017.  Iraq taking control of their financial system, making it to the white list.  All sounds good to me.
Thanks
LIT

undergoing rehabilitation capabilities of operations with international support and coordination with international organizations

duck2000 wrote:since this comes from the cbi head i would say it holds some heavy weight for january!