CBI:Adoption AML law provide legal framework banking sector 9/16
Iraqi Central Bank building in central Baghdad Imaging (Mahmoud Raouf)
Central Bank: Adoption of the money laundering law will provide a legal framework for the banking sector
Author: ASJ, BS
Editor: AT, BS
Long-Presse / Baghdad
The Central Bank, said on Wednesday that the House vote on the money laundering law will provide a legal framework for the banking sector.
The bank said in a statement received (range Press) copy of it, that "the central bank appreciates the House vote on the anti-money laundering and smuggling of funds law," noting that "the law provides a legal and regulatory framework ahead and in line with international standards and requirements."
He noted the bank, that "the law would provide legal frameworks for the banking sector."
The Iraqi Council of Representatives held on Wednesday, (2015,9,16) 23 of its first legislative term of the second legislative year, headed by first deputy chairman of the House of Representatives Hamoudi and the presence of 195 deputies, while the agenda of the meeting included a vote on the draft Anti-Money Laundering Act and the financing of terrorism, and to postpone the vote on the law as well as the postponement of the second reading of three other projects.