Cabinet discusses with U.S. Treasury delegation reform the financial and banking situation
Monday, February 25, 2013

BAGHDAD / Baghdadiya News / .. searched the General Secretariat of the Council of Ministers, on Monday, with a delegation of the U.S. Treasury reform the financial and banking situation in Iraq, and efforts money laundering Alambdhulhlmkavhh.

The Secretary General of the Council of Ministers on the Keywords in a statement issued by his press office and received / Baghdadiya News / copy of it, he "discussed with Deputy U.S. Treasury Secretary David Cohen and his entourage reform financial situation and banking in Iraq," noting that "the meeting dealt with the support of the financial system The banking system in Iraq and review Iraq's efforts in anti-money laundering activity. " He added that "reform steps taken by Iraq on the development of the FATF in the Middle East and North Africa on the report detailed assessment of Iraq in the fight against money laundering," adding that "steps are amending the anti-money laundering and activating the role of the relevant office Drug Control in the Central Bank and procedures other. "

The statement continued, for his part, "The Deputy U.S. Treasury Secretary David Cohen his country's support for "Iraq's efforts to strengthen its financial and banking system and transfer of international experience relating to the conduct oversight and control over the movement of funds and the fight against money laundering associated with corruption, crime or terrorism and money laundering. "

It is noteworthy that Iraq has seven banks owned by the state, and 23 private banks and eight Islamic banks in particular, according to the site's central bank, while dominated by the banking sector banks Rafidain and Rasheed Aovernmaan, and subject currently restructuring in order to pay off the debts accumulated after years of war and sanctions. Finished / 21


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kaperoni says...
"If you want to know what FATF is...

http://www.fatf-gafi.org/pages/aboutus/


"...Just last Friday, we see the meeting with the CoM, Turki, tariffs official and others with this quote....

"Secretary General of the Council of Ministers Ali Mohsen Ismail Keywords with the governor of the central bank and agency head General Authority for Customs and a number of representatives of the relevant authorities of increasing constraints on the banking sector, and activate the system Alkmarki to achieve economic development. A statement from the secretariat received and Euphrates News Agency {} a copy of it on Friday that "the Secretary-General of the Council of Ministers stressed during his chairing the meeting of the Higher Coordinating Committee to follow up on the government's performance on the need to lift the obstacles that stand in the investors in the banking sector and system Alkmarki".

and today we have this...and this quote...

"discussed with Deputy U.S. Treasury Secretary David Cohen and his entourage reform financial situation and banking in Iraq," noting that "the meeting dealt with the support of the financial system The banking system in Iraq and review Iraq's efforts in anti-money laundering activity. "

Coincidence? Ah no. We're close people.




Cabinet discusses with US Treasury delegation, reform of the banking and financial situation
Monday 25 February 2013


Relations during his meeting with Deputy Minister of Treasury

Alsumaria news/Baghdad

Examined the General Secretariat of the Council of Ministers, Monday, with a delegation from the US Treasury Department financial and banking situation in Iraq, while US Treasury Deputy Minister expressed his country's support for the transfer of international expertise for oversight and control of the movement and combat money laundering.

He said the Secretary General of the Council of Ministers on the relationship in a statement released today, on the sidelines of his meeting with us Deputy Treasury Secretary David Cohen and his entourage, and received "alsumaria news", that "the delegation discussed the reform of the financial and banking situation in Iraq", adding that "the meeting support the financial and banking system in Iraq and review Iraq's efforts in the fight against money laundering".

He added that "reform steps taken by Iraq on the development of the financial action group in the Middle East and North Africa on Iraq detailed assessment report on anti-money laundering," Noting that "steps are modify anti-money laundering and activating the role of the Office in charge of the control of the Central Bank and other procedures".

For his part, Deputy Treasury Secretary David Cohen, according to the statement, his country's support for "Iraq's efforts in strengthening the financial and banking system and transfer of international expertise for oversight and control over the movement of funds and combat the phenomenon of money laundering linked to corruption or organized crime or terrorism."

Money laundering is the process of recycling of funds from illegal actions in the areas of investment channels to hide the true source of the money and look as if they had been generated from a legitimate source.

Iraq reportedly has seven state-owned banks and private banks, eight Islamic banks, according to the website of the Central Bank, as the banking sector is dominated by Rafidain Bank and Rasheed, being government restructuring to pay off debt accumulated after years of war and sanctions.

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