*********** The Association of Banks seeks to link local banks to the universal

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*********** The Association of Banks seeks to link local banks to the universal

Post  Admin on Wed Aug 23, 2017 9:41 am

Tuesday, August 22, 2017 - 10:45 AM


Baghdad / Al-Sabah

Mobility extended to the world's largest economies adopted by the Association of Iraqi private banks through communication with the best international banks in the United States to develop the domestic financial sector and make it more sophisticated and rival banks of the region

And the world. The Executive Director of the Association of Iraqi Private Banks Ali Tariq said: "Iraq, as all countries of the world have the size of wealth and a large market for work to expand the global effort is not specified in various sectors of production and service, pointing out that many of the major companies around the world is considering that Iraq For its production, which is marketed to the east and west of the globe.

He said in an interview with «morning» that this great effort initiated by the Association and realize that any major efforts are made to need a sophisticated banking sector provides fast services and can deal with the large numbers using advanced technology that began to be adopted by our banks gradually and under the supervision of the Central Bank of Iraq, The joint is particularly important.

Tariq pointed out to talk now with major American banks on the consolidation of mutual cooperation between the parties and the possibility of benefiting from the experiences of major banks and their products and employment to serve the domestic financial sector, noting that the Association is preparing the Central Bank of Iraq and carry out its work in coordination with this financial edifice, The technological field and by major financial institutions. An Arab-American banking conference will be held in New York on October 16 and Iraq will have a large banking delegation, and there is great confidence between the Association of Iraqi Private Banks and the US Treasury.

Development paths, and Tariq that the work requires that we have development tracks going parallel I aims to attract advanced technology to all joints of banking, which in turn will change the form of the Iraqi financial sector, and the other track is the development of human resources working in this sector and make them able to advanced technologies, Pointing out that the training is continuous and the results come in accordance with the level of ambition and this makes us achieve the goals and indicate the existence of acceptable integration between the two tracks benefit the banks and the domestic financial sector.

The Minister of Economic Affairs at the US Embassy Larry Mimot said: I have seen the activities carried out by the Association of Iraqi private banks, including charity and develop the human capacity working in the banking sector through training, specifically in the file of combating money laundering and terrorism financing, and we will work with those who develop them, We encourage Iraqi banks to open relations with the Association of American Private Banks. Tariq stressed that many private banks comply with international standards and have the ability and ability to open accounts with foreign correspondent banks because of its excellent staff, policies and procedures that are subject to international standards and integration of services.

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Re: *********** The Association of Banks seeks to link local banks to the universal

Post  Admin on Wed Aug 23, 2017 10:20 am

The Association of Banks seeks to link local banks to the universal
   

22/8/2017 12:00 am

Baghdad / Al-Sabah
Mobility extended to the world's largest economies adopted by the Association of Iraqi private banks through communication with the best international banks in the United States to develop the domestic financial sector and make it more sophisticated and rival banks of the region
And the world.
The Executive Director of the Association of Iraqi Private Banks Ali Tariq said: "Iraq, as all countries of the world have the size of wealth and a large market for work to expand the global effort is not specified in various sectors of production and service, pointing out that many of the major companies around the world is considering that Iraq For its production, which is marketed to the east and west of the globe.


Fast service
He added in an interview for «morning» that this great effort was initiated by the Association and recognizes that any major efforts are made to need a sophisticated banking sector provides fast services and can deal with the large numbers using the advanced technology started by our banks gradually and under the supervision of the Central Bank of Iraq,
Especially.


Experiences of banks
Tariq pointed out to the talks with major American banks on the consolidation of joint cooperation between the two parties and the possibility of benefiting from the experiences of major banks and their products and employment to serve the domestic financial sector, noting that the Association is the central bank of Iraq and performs its work in coordination with this financial edifice, which has developed a great technological And authorized by financial institutions
Great.
An Arab-American banking conference will be held in New York on October 16 and Iraq will participate with a large banking delegation. There is great confidence that the Association of Iraqi Private Banks and Treasury
 American.


Development paths
Tariq said that the work requires that we have development tracks going in parallel, the first aims to attract advanced technology to all joints of banking, which in turn will change the form of the Iraqi financial sector, and the other track is the development of human resources working in this sector and make them capable of advanced technologies, The training is continuous and the results come in accordance with the level of ambition and this makes us achieve the goals and indicate the existence of acceptable integration between the two tracks beneficial to banks and the financial sector
the local.


Money laundering
The Minister of Economic Affairs at the US Embassy Larry Mimot said: I have seen the activities carried out by the Association of Iraqi private banks, including philanthropy and development of human capabilities working in the banking sector through training, specifically in the file of combating money laundering and terrorism financing, and we will work with the developers to develop them, Iraq to open relations with the Association of Private Banks
American.
Tariq stressed that many private banks comply with international standards and have the ability and possibility to open accounts with foreign correspondent banks because of the ownership of a distinguished cadre and policies and procedures are subject to global standards and integration
Services.


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