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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Central Bank: new controls for the entry of banks to the "window selling the currency"

    Rocky
    Rocky
    Rocky
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    Join date : 2012-12-21
    • Post n°1

    Central Bank: new controls for the entry of banks to the "window selling the currency" Empty Central Bank: new controls for the entry of banks to the "window selling the currency"

    Post by Rocky Thu 13 Apr 2017, 3:18 am

    Central Bank: new controls for the entry of banks to the "window selling the currency"


    Last updated: 12 April 2017 - 10:14 p
    BAGHDAD / The Central Bank of Iraq, on Wednesday, the steps of the standards of compliance with banks wishing to enter the window of the sale of foreign currency. The Director of the Central Bank Information Office, Acer Jabbar, in a statement on Wednesday: "The Central Bank of Iraq has reviewed The first classification of banks participating in the window of sale and purchase of foreign currency and the importance of the degree obtained by the bank in compliance standard {compliance, anti-money laundering, risk}. " "The subject of compliance is the cornerstone of entry into the foreign currency buying and selling window. Accordingly, the bank must obtain a satisfactory and convincing degree of success for the CBI regardless of the other grades of the other criteria. If the required degree of compliance with the compliance standard is not met, The introduction of the bank to the window and accordingly the issue of compliance should be given high importance. " "Banks that have not yet achieved the degree of success in the compliance standard are required to take the necessary measures to reach the level of success (more than 50% of the benchmark) within one month of the date of these uncles, and if they fail to obtain that degree, From entering the window until it is corrected. " "Banks should continue to support and adjust the procedures, policies and human resources of the Compliance Standard, reaching a level above 65% of the Standard to ensure that the Bank's rating is accepted and that its participation in the Window remains in the next review (August 2017)".

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