Deputy: draft for the formation of a supreme body to monitor the work of banks

09/20/2012 2:38 am

To curb money laundering and currency smuggling
BAGHDAD - morning
Member suggested the Finance Committee MP Hassan Auzmn Bayati, the formation of the banking graduate linking all Iraqi banks network unified communications and monitors work to control money laundering operations and the reduction of smuggling hard currency abroad.

Bayati said: There is a project put forward in parliamentary Finance Committee for consideration calls for the formation of the banking graduate work to unify the work of banks through connecting them unified communications and monitor the work of banks in terms of loans and foreign remittances to control cases of money laundering and the smuggling of hard currency. added that this project will go within the project divided the national banks, which purports to central bank founded and has been discussed with the Commission financial and asked them to form the Supreme Commission for banks because it would limit the illegal operations, noting that the project in place in all countries of the world and managed these countries to control the phenomenon of money laundering.

And that project needs to introduce techniques and modern electronic devices in the work of banks and personnel training of its employees for the success of the project in the country, because most banks lack the techniques required in the work of the global banks.

The central bank announced during the previous period the company hired your opinion, Holter global specialized for the adoption of this project and his administration.

Central bank had revealed entered 53 banks as members of the project divided the national that will enable the person cardholder credit Cloud Financial from any bank in the whole country without the need to rely on the branches of the bank in which it was deposited.

And help USAID Iraq in the accomplishment of a split which would establish national partnership between Iraqi banks.

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