Keywords: build a solid base to prevent money laundering

Keywords: build a solid base to prevent money laundering


4/16/2017 0:00

BAGHDAD / Hussein Tgb

integration in the work of the Iraqi financial sector is an urgent need for the development of various economic sectors, as it represents a communication with major international banking blocs and prevent financial crimes target for a future stage depends on the preparation and development of competencies in this sector , which is of great importance from the authorities concerned with this matter.

This came during a workshop to combat money laundering , organized by the Central Bank of Iraq 's economy and international business group in the presence of the Iraqi Association of Banks

own. International attention of the Governor of the Central Bank of Iraq d. Ali Keywords said that the trend to prepare a solid base to address money laundering is extremely important and contributes to building a financial sector sound, pointing out that the subject has a local and international interest and we are working to build the correct rules of the adoption of international standards regulate the financial work and form the immunity of the banking sector and prevent the laundering of money. Keywords pointed to the importance that combine local and international efforts to coordinate mechanisms of action to achieve the goals that prevent the occurrence of such practices in various economies. Rules of sound and stressed the importance that the adoption of the rules of sound using the latest technology and coordination among all the concerned authorities in this matter to control these diseases and prevent their spread through the path established for this matter to coordinate action among all parties map, and there are legal regulations paint the correct paths, pointing to the importance of side training human resources and expand the circle of knowledge in this aspect.

Keywords confirmed that the central bank the latest great mobility in this aspect and the provision of basic and advanced detailed in this important work rules and development occurred in this aspect during the past period and formed banks and specialized units in this side to undermine the opportunities of these crimes.

Black sources and money laundering means obtaining money from black sources are illegal and introducing them into the economic cycle and the process of taking them out as money free of suspicions clean economic. Executive Director of the International Finance Group and business Walid Bou Zaki stressed the need to develop the future of the banks and the adoption of best global products and financial services to make progress on the clock, stressing the use of advanced banking technology that prevent financial crimes in our sectors of banking.

Preparation competencies head of the Iraqi Private Banks Association Wadih Handal said that the issue of money laundering look at him with great interest in the current situation, pointing out that the central efforts of the great mechanisms to prevent money laundering and the financing of terrorism was adopted and was preparing the necessary competencies for this important issue, and that the regulatory and judicial institutions address for these crimes that negatively affect regional economies and global. He pointed out that the private banking sector is making great efforts to address these economic problems through the development of specialized human resources in this aspect, pointing out that the Association of Iraqi private banks are very active in this aspect through cooperation with specialized financial entities solid in the world to prepare local expertise to address this Jerimh.wachar that the Association was able to train 600 employees in the public and private sectors during the first quarter of this year in various banking activities, particularly with regard to laundering money.

The economic cycle concerned about the financial crimes d. Paul disco eating the concept of money laundering and the problem of hiding money sources and the introduction of black money into the economic cycle through the purchase of real estate, gems and sinks them out objects of clean, pointing out that this financial movement is a crime because getting the money to be from illegal activities do not serve economies.

He cautioned that in the Arab countries not to declare fiscal revenue is permissible on the contrary , an order of the world, noting that disclosure is extremely important to prevent bleaching crimes of money. An annual plan in turn , Executive Director of the Association of Iraqi private banks Tariq Ali stressed the need to be the future objective of the financial sector to achieve integration of all the joints of the financial work, noting that it requires the intensification of the preparation of specialized expertise in the sector of staff money. Tariq pointed out that the global effort specialist looks to clean money , which has a clean and clear economic cycle sector, pointing out that has the Association annual training plan for employees in the private banking sector and the public to Rphihm new knowledge that develops products and create a sober financial sector. Between this workshop comes as a real supporter of the efforts of the Association in the preparation of specialized skills in the field of money laundering and contribute to the consolidation of the banking business in Iraq , which is waiting for the future promising.

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