Association of Banks discussing with the US Treasury to develop ways to combat money laundering

History of edits:: 2016/6/1 14:48

{Baghdad: Euphrates News} examined the Iraqi private banks association, with a team from the US Treasury Department the latest developments pertaining to the banking sector in Iraq.

A statement of the Association of Banks and agency {Euphrates News} received a copy of it today, "The representatives of the Association gave a comprehensive report on the obstacles and constraints faced by the private banks, the banking sector put an offer", touching to "the efforts of the Association to develop the efficiency of the banking sector in particular in the field of anti-laundering laundering and terrorist financing, through the training of workers in this sector in cooperation with the ACAMS global institution. "

He said representatives of the US Treasury during the meeting to "the Iraqi Central Bank's decision on stopping 300 banking company in order to be subject to scrutiny by the standards followed by the central bank."

For their part, representatives of the US Treasury confirmed "their support for the plans of the Central Bank of Iraq to Ttoiralqtaa banking and subjected to Maiaratah in the fight against money laundering and financing of terrorism."

The statement continued, "also touched on the need for the banking Ttoiralqtaa and overcome obstacles in order to take a real role" .anthy

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