Iraq has regained world confidence in its banking system
Page 1 of 1
Iraq has regained world confidence in its banking system
Economy News Baghdad
The Central Bank of Iraq said on Thursday that the decision of the International Financial Action Organization (FATF) to withdraw Iraq from the list of countries under the monitoring and follow-up of international funds has raised the confidence of States in dealing with the financial with Iraq, revealing the transfer of 180 reports to the prosecution during the last period On suspicion of money laundering or terrorism financing.
"The decision of the International Financial Action Organization has helped to acquire foreign financial transactions of Iraq, a great credibility for countries, banks, foreign correspondents and financial institutions," said the governor of the Central Bank, Ali al-Alaq, in a statement quoted by the official newspaper "Al-Sabah". That "these parties are afraid to deal with countries that do not have full discipline or control on the fight against money laundering and the financing of terrorism."
He explained that "Iraq is currently attractive to international financial and investment institutions and once the announcement of raising the attention of all international financial institutions," noting that "among the indicators of seriousness of the country in this context, enabling him to submit 180 reports of the prosecution on suspicion of money laundering or terrorism financing "He said.
He pointed out that "Iraq's financial and monetary transactions going in the right direction in conjunction with the development of regulatory systems and laws as all banks are required to establish anti-money laundering units and compliance units, as well as ensure the independence of the money laundering and terrorism financing."
http://economy-news.net/content.php?id=13111
The Central Bank of Iraq said on Thursday that the decision of the International Financial Action Organization (FATF) to withdraw Iraq from the list of countries under the monitoring and follow-up of international funds has raised the confidence of States in dealing with the financial with Iraq, revealing the transfer of 180 reports to the prosecution during the last period On suspicion of money laundering or terrorism financing.
"The decision of the International Financial Action Organization has helped to acquire foreign financial transactions of Iraq, a great credibility for countries, banks, foreign correspondents and financial institutions," said the governor of the Central Bank, Ali al-Alaq, in a statement quoted by the official newspaper "Al-Sabah". That "these parties are afraid to deal with countries that do not have full discipline or control on the fight against money laundering and the financing of terrorism."
He explained that "Iraq is currently attractive to international financial and investment institutions and once the announcement of raising the attention of all international financial institutions," noting that "among the indicators of seriousness of the country in this context, enabling him to submit 180 reports of the prosecution on suspicion of money laundering or terrorism financing "He said.
He pointed out that "Iraq's financial and monetary transactions going in the right direction in conjunction with the development of regulatory systems and laws as all banks are required to establish anti-money laundering units and compliance units, as well as ensure the independence of the money laundering and terrorism financing."
http://economy-news.net/content.php?id=13111
Similar topics
» Iraq has regained world confidence in its banking system
» Iraq and the World Bank are carrying out a program of a complete system of social protection in Iraq
» World Banking and Finance Summit 2012 Managing a System in Transformation
» Finance Committee: Iraq's participation in the Arab Banking Summit will support the Iraqi banking system
» World Bank discusses with the Ministry of Finance to develop the country's banking system
» Iraq and the World Bank are carrying out a program of a complete system of social protection in Iraq
» World Banking and Finance Summit 2012 Managing a System in Transformation
» Finance Committee: Iraq's participation in the Arab Banking Summit will support the Iraqi banking system
» World Bank discusses with the Ministry of Finance to develop the country's banking system
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|