Adviser: Central Bank committed banks to monitor customer before conversion to curb money laundering

Date: 03/10/2012 11:07:37 Wednesday



Baghdad (news) .. He noted the appearance of the central bank adviser Mohammed Saleh, to establish strict controls on the transfer of funds abroad to curb money laundering process, explaining that the controls will adopt the principle of "know your customer" as new.

Saleh said (of the Agency news) on Wednesday: that Iraq has witnessed a great freedom in the transfer of funds abroad led to the emergence of mafias working for neighboring countries for hard currency, prompting the central bank to issue strict controls challenge of this process is going according to the principle of "know- your customer "which obliges private banks and government knowledge of the customer.

He added: that all banks will audit the treatment of the customer to check on the transfer of funds abroad.

And: that the central bank put an end to the amounts transferred to the outside estimated ten thousand dollars allowed after identifying the customer's identity, stressing that the central bank take responsibility for any breach gets and her children from investigating suspicious transactions and forwarded to the central bank for auditing and legal action about it.

He explained: that the goal of the central bank to control the smuggling of hard currency to finance terrorism by exploiting the freedom of financial transfer to the outside. / End / 21. D. Q /

http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.ikhnews.com%2F