of the Finance Committee: the Central Bank is required to tighten the
control over the work of private banks to reduce money laundering
Date: 2012/12/20 12: 39: 22 Thursday
Baghdad (newsletter) ... Student
member of the Finance Committee of the National Alliance
Deputy//Secretary Hadi Abbas, the Central Bank to tighten its oversight
on the functioning of community banks, to reduce corruption and money
He said Abbas
(News Agency news) on Thursday that some civil banks lost their audience
as a result of non-compliance with regulations and the decisions of the
Central Bank, adding that central responsibility for abandoning control
of functioning of private banks.
He added that the Central Bank is required
to tighten its oversight of the banking control law, and its commitment
to restore the confidence of depositors, noting that Warka Bank is one
of the large banks and the loss of his audience because he disagrees to
Central Bank actions and decisions, what led him to bankruptcy.
Iraq reportedly has seven state-owned
banks and private banks, eight Islamic banks, according to a Central
Bank, as the banking sector is dominated by the Rafidain and Rashid
banks and Government are currently restructuring in order to repay debt
accumulated after years of war and sanctions./finished/8 n. p.
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