Iraq has regained world confidence in its banking system

by **Rocky** Thu 02 Aug 2018, 2:47 am

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Join date : 2012-12-21

Post n°1

Iraq has regained world confidence in its banking system

by Rocky Thu 02 Aug 2018, 2:47 am

Iraq has regained world confidence in its banking system

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02/8/2018 12:00 am

[rtl]
After being removed from the list of controlled States

Baghdad / Tareq al-Araji
The central bank reported that the decision of the International Financial Action Organization (FATF) to withdraw Iraq from the list of countries under the monitoring and follow-up of international funds, led to the confidence of States in financial dealings with Iraq, while revealed the transfer of 180 reports to the prosecution during the last period on suspicion of money laundering Or the financing of terrorism.
"The decision of the International Financial Action Organization has helped to acquire foreign financial transactions of Iraq, a great credibility for countries, banks, foreign correspondents and financial institutions," said the governor of the Central Bank, Ali al-Alak, noting that these authorities are afraid to deal with countries that do not have discipline Or full control over anti-money laundering and terrorist financing.
Al-Alak explained that Iraq is currently attractive to international financial and investment institutions and once the announcement of raising the attention of all international financial institutions, indicating that among the indicators of serious country in this framework,
He pointed out that Iraq's financial and monetary transactions are moving in the right direction in conjunction with the development of regulatory systems and laws as all banks were required to establish anti-money laundering units and compliance units, while ensuring the independence of the money laundering and terrorist financing [/rtl]

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by **Rocky** Thu 02 Aug 2018, 3:01 am

Rocky

Rocky: Admin Assist; Posts : 268442
Join date : 2012-12-21

Post n°2

Iraq has regained world confidence in its banking system

by Rocky Thu 02 Aug 2018, 3:01 am

Iraq has regained world confidence in its banking system

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The Central Bank of Iraq said on Thursday that the decision of the International Financial Action Organization ( FATF ) to withdraw Iraq from the list of countries under the monitoring and follow-up of international funds has raised the confidence of States in dealing with the financial with Iraq, revealing the transfer of 180 reports to the prosecution during the last period On suspicion of money laundering or terrorism financing.

"The decision of the International Financial Action Organization has helped to acquire foreign financial transactions of Iraq, a great credibility for countries, banks, foreign correspondents and financial institutions," said the governor of the Central Bank, Ali al-Alaq, in a statement quoted by the official newspaper "Al-Sabah". That "these parties are afraid to deal with countries that do not have full discipline or control on the fight against money laundering and the financing of terrorism."

He explained that "Iraq is currently attractive to international financial and investment institutions and once the announcement of raising the attention of all international financial institutions," noting that "among the indicators of seriousness of the country in this context, enabling him to submit 180 reports of the prosecution on suspicion of money laundering or terrorism financing "He said.

He pointed out that "Iraq's financial and monetary transactions going in the right direction in conjunction with the development of regulatory systems and laws as all banks are required to establish anti-money laundering units and compliance units, as well as ensure the independence of the money laundering and terrorism financing."

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