Rafidain Bank reaffirms its commitment to international standards on money laundering

Author: AB, HH, TG
Editor: AB, HH

2015/12/26 11:52

Long-Presse / Baghdad
Rafidain Bank confirmed on Saturday its commitment to international standards that it reinforced international institutions regarding the money laundering according to the rule "know your customer and form particular to identify the sources of funds", as pointed out that citizens depend on it to deposit their money being no breach of its obligations and its agreements towards them.

The general director of the bank on behalf of Kamal al-Hassani said in a statement received (range Press), a copy of which, "The global institutions and in the impact of central banks in both countries reported instructions to banks operating with in accordance with the know your customer and form particular to identify the sources of the person funds base before it starts with practice banking activity and the nature of his situation and potential and activity of the ".

He said al-Hassani, that "the revenue be confirmed according to fixed criteria to be adopted Everyone In Iraq, it is countries that rely on direct cash deal in light of the lack of comprehensive technical both civil and governmental institutions and specialized banks."

The al-Hassani, that "citizens rely on the Rafidain Bank to deposit their money in the fact that the bank has not been without its agreements and obligations towards them."

The Iraqi Council of Representatives voted, in (16 September 2015), on the draft anti-money laundering and terrorism financing law.