***** Amend banking laws

11/23/2013 0:00

Baghdad morning

Paid community banks with proposals to amend the three laws to the CBI after he called the last to be presented for the purpose of study and discussion in the workshop is hoped to be held tomorrow .

According to a source for the ( morning) that there are proposals submitted by each of the departments and sections of the central bank and private banks licensed in Iraq focused on the modification clauses in three important laws which anti-money laundering and the financing of terrorism and the Central Bank Law 56 and the Banking Act No. 94 of 2004 .

Rasheed Bank and the progress the government , along with 10 community banks include proposals to make amendments to paragraphs in these laws in addition to the cancellation of Article 28 of the Banking Act and the amendment of Article 27 thereof relating to their work freely .

 He pointed out that there are 6 licensed banks , including two banks in two government did not submit any proposals to amend the banking laws of the three .

The central bank announced last week organized a workshop on the proposals to amend the Banking Act and the law of the Iraqi Central Bank and the anti-money laundering law in the twenty-fourth of this month for a period of five days .

http://www.alsabaah.iq/ArticleShow.aspx?ID=58788

The central bank will discuss tomorrow the law of private banks
Central Bank Governor Abdul-Basit Turki



11/23/2013 12:00

Tomorrow's Press / BAGHDAD: Iraqi Central Bank on Saturday, for his extended workshop on Sunday to discuss the law of private banks and receive bids so special.

The governor of the Central Bank and the Agency Abdel Basset Turki for "tomorrow Press", "The aim of the gathering of economists and financial professionals as well as those in charge of financial management is to discuss possible amendments and what should its contents laws to get the economy moving and moving capital towards investments in accordance with the lid legal and constitutional. "

"The proposals will be discussed centered amendments to clauses in the laws in force in addition to proposals cancellation of Article 28 of the Banking Act and the amendment of Article 27, which relates to the granting of freedom of the biggest banks in financial transactions."

He said that the Turkish "The workshop will include discussion of laws against money laundering and tax laws and benefits, thus contributing to the development of the banking business of Iraq," adding that "the workshop will be attended by most of those concerned with the financial and will be held at the Sheraton Hotel for five days."


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