Association of Private Banks organizes a workshop on safety requirements for financial transfer systems

Economy News Baghdad:

On Wednesday, the Association of Iraqi Private Banks organized a workshop in cooperation with KMPG International on the safety requirements of financial transfer systems and was attended by 100 employees of Iraqi and foreign banks operating in Baghdad.



"This workshop comes at a very important time is the insistence of Iraqi banks to open up to regional and international banks and enhance confidence between them to reflect positively on the banking sector," said Wadih al-Hanal, head of the Association of Iraqi Private Banks, during the workshop.

He added that "compliance with the requirements of safety requirements in the financial transfer systems will show the extent of the commitment of the Iraqi banking sector to apply the latest international standards in the banking sector and will contribute to strengthen the positions of Iraqi banks to establish relationships with correspondent banks," noting that "the presence of the Central Bank for most workshops held by the Association of Private Banks A significant indication of its importance because it is part of its strategy to be implemented during the next five years. "


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