The most important banks in the world announce the "reassurance" of US banks towards their Iraqi cou

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Baghdad 
The Center for Strategic Studies of the US, on Thursday, that the global media reflected a negative image of Iraq over the past years, stressing that the Iraqi market contains a positive and a great opportunity for investors, while the Middle East official at Citibank " The largest banks in the world) to reassure US banks towards Iraqi banks after the steps of the Central Bank of Iraq "positive" of combating money laundering and punish violators.



The Iraqi Private Banks Association, in a statement received, Alsumaria News, a copy of it, "The Iraqi banking delegation discussed with a number of banks and financial institutions operating in the United States of America opportunities for cooperation between the parties," indicating that "the delegation included 17 private banks and Rafidain and industrial bankers And the Executive Director of the Association of Private Banks Ali Tariq and a number of advisers to the Association.

She explained that "the delegation held a meeting at the Center for Strategic Studies in Washington, DC, with a US delegation including the US Treasury, US banks, the OPEC Foundation, American financial institutions and a number of employees of the US Embassy. During the meeting, the economy of Iraq and the challenges facing it." Discuss the development in the Iraqi banking sector, especially in the past five years and strengthen cooperation with Arab and foreign banks in addition to plans for the reconstruction of liberated areas and development in the oil sector. 

The statement pointed out that "the representative of the Center for Strategic Studies, the US Dan Randy, who chaired the session, announced that the global media reflected a negative image of Iraq during the past years, which has significantly affected the entry of foreign companies to work in Iraq," noting that "the Iraqi market contains positive A big opportunity for investors to work in. "

He explained that "the Executive Director of the Association of Private Banks Ali Tariq, explained to the American delegation the development of the Iraqi banking sector and the challenges facing during the current period," Tariq said, "Despite the general conditions of the country, but the work of banks in continuous development and seek to reduce the use of cash In the transactions of life through projects operated by the Association of Iraqi private banks in cooperation with the Central Bank, such as the project of financial inclusion and the settlement of salaries. 

He added that "private banks are working hard to be a balanced share with government banks through deposits and through the issuance of decisions to stimulate government departments to deal with private banks," noting that "Iraqi banks implement the law on combating money laundering and terrorism and instructions on compliance and risk management" .

"The US banks are now more reassured to the Iraqi banks, especially after the positive steps of the Central Bank of Iraq to combat money laundering and punish the violators," said the bank's Middle East official Dennis Flanery. Iraq and projects that provide a smooth flow of work. " 

The Association of Iraqi Private Banks, according to the statement, "the continuation of regular meetings with the US Treasury and foreign banks, specifically the US with the establishment of an annual forum between Iraqi and American banks." 

Citibank, founded in 1812, is one of the largest banks in the world, Citigroup's banking arm. It operates in more than 100 countries around the world. With Citigroup,




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The most important banks in the world's largest declares, "reassurance" US banks toward their Iraqi counterparts

09:52:52 || October 19, 2017 

Center for Strategic Studies considered American, Thursday, that the global media reflected a negative image Iraq over the past years, stressing that the Iraqi market with the advantages of a great opportunity for investors, while noting the Middle East , an official at the Bank "Citibank" (which is one of the largest banks in the world) to check on US banks to Iraqi banks after the Central Bank of Iraq steps "positive" of combating money laundering and punish violators.

The Iraqi Association of private banks, in a statement received, the agency Detector News, a copy of it, " The delegation discussed the Iraqi banking with a number of banks and financial institutions operating in the United States cooperation opportunities between the two parties, "indicating that" Alovda included 17 private banks and bank Rafidain and industrial executive director of the Association of Private Banks Tariq Ali and a number of advisors Association. "

She explained that "the delegation held a meeting at the Center for American Strategic Studies in Washington, with a US delegation included US Treasury and US banks and institutions OPEC US financial institutions and a number of workers at the US embassy and was discussed during the meeting of Iraq's economy and the challenges it faces.", Noting that "the meeting consider progress in the Iraqi banking sector, especially in the last five years and strengthen cooperation with Arab and foreign banks as well as the reconstruction of the liberated areas and the development of the oil sector plans. "

The statement noted that "the representative of the Strategic Studies Center, US Dan, Randy, who moderated the session, said that the global media reversing negative about Iraq image over the past years, which greatly affected the entry of foreign work companies in Iraq," noting that "the Iraqi market with the pros great and great opportunity for investors to work in it. "

And that "the Executive Director of the Association of Private Banks Ali Tariq, explained to the development witnessed by the Iraqi banking sector and the challenges facing during the current period, the US delegation," said Tariq, said that "despite the general conditions of the country, but the work of banks in constant evolution and seek to reduce the use of cash in the dealings of life through projects that are working on the Iraqi private banks association in cooperation with the Central Bank such as the financial inclusion and localization of salaries. "

He added that "private banks are working hard to be share balanced with government banks through deposits, through the issuance of decisions motivate government departments to deal with private banks," noting that "the Iraqi banks implement anti-money laundering and terrorism special instructions law compliance and risk management" .

While, the Middle East, an official at Citibank, Dennis Flannery, said that "US banks said to have now check the largest Iraqi banks, especially after the Central Bank of Iraq moves the positive of combating money laundering and punish the offenders.", Adding that "US banks is considering working with banks mechanism Iraqi projects that provide a smooth flow of work. "

It decided the Iraqi Association of private banks, according to the statement, "the continuation of the establishment of regular meetings with the US Treasury and foreign banks, specifically the US with the establishment of an annual forum between the Iraqi and American banks."

The "Citibank", which was founded in 1812, one of the largest banks in the world, which is the banking arm of Citigroup. And it works in more than 100 countries around the world. The group with "Citigroup" the largest bank in terms of deposits in the United States, followed by Bank of America and JP Morgan Chase.

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Yep that's why they have buy and sell rates on their screens...citibank...and also is intermediatry for warka bank customers.