Financial fines

Financial fines


Author: Mohammed Sharif Abu Mayssam

01/06/2017 0:00

Financial work is supported in fines across the administrative systems and economic formations in the form of a modern state, an administrative style to deter offenders and abusers on Almansosp regulations and laws in force to improve the spectacle of urban life, as well as the economic benefits of enhancing financial sources contained.
And if he went public to otherwise, lest bear the ordinary citizen the consequences of excesses the reluctant obtained from the state of confusion taking place in the joints of life by the repercussions of the succession of crises, it is important that the State shall proceed to apply this approach to its institutions and service economic to form a compressor component on the performance of routine and bureaucratic in these institutions and thus exceeded a lot of episodes to establish the appearance of cases of corruption and indifference.
For years and the country suffers from poor implementation of the plans and strategies due to cases of indifference as well as obstruction of modern methods of work , including attempts to introduce technologies and electronic systems that contribute to the reduction of loops sag in the execution of transactions and financial transactions and exchanges and others, but the deterrent measures were not the level of the need to implement these Instructions.
We have in the Iraqi Central Bank measures recently with banks operating in the neighborhood of this guide, when the need arises to apply some of these systems in the banking system, reflected the rapid action and clearly while the adoption of the principle of financial penalties on those institutions, has begun so clear on the application of the exchange of credit information system on CBS, as committed to the development of banks entered the exchange of credit information operations between them on the one hand , and between them and the central bank on the other quick and reliable ways.
Despite the reluctance of some banks in the implementation, but the application of the principle of daily fines on the banks contributed remarkably in achieving significant progress in the collection of data from the branches and uploaded to the system software operations, making the actual application of this important system contributes to the credit risk assessment and decision - sound and rapid decisions the granting of loans and evaluate the payment and clearing by knowing the credit history of the customer 's operations, thus leaving the old approved mechanisms on paper correspondence to serve the banks and the public alike.
The style of financial penalties adopted in the formation of the modern state institutions contribute Epeshkla and another in cutting the road on hearsay and arguments on the application of this approach to the public without the institutions that suffer from the delay in the implementation of its functions, and thus will contribute to restore confidence among the public and these institutions so as to push towards the scene of my life urban as well as what would be provided by financial sources.

[You must be registered and logged in to see this link.]