Implementation of programs to combat money laundering

6/14/2016 0:00

BAGHDAD - Al- Sabah

praised the central bank governor on the Keywords on worthwhile to cooperate with the Iraqi private banks association, which aims at promoting the banking sector and through the development of human resources and regulations adopted, among the central one that forms of cooperation to implement programs related to combating money laundering in support of the financial and economic sector.

Keywords said during a meeting with graduates with a specialist degree in the field of combating money laundering and terrorism financing: central bank is prepared to cooperate with the Association in the implementation of programs is in the financial and economic sector interest, pointing out that these aspects represent a fundamental criterion for dealing with any bank because it reflects the work of the bank of in terms of integrity and financial professional and ethical work.

he pointed out that the central process of activating special anti - money laundering to keep up with local and international requirements and the unit.
the Executive Director of the Association of Iraqi private banks Ali Tariq said that the joint anti - money laundering and terrorist financing is an important focus in the private banking business, adding that 15 trainees have recently completed a training course, hosted by the Association of private banks have cooperation with the World ACAMS Iraqna.

Tariq said the association is seeking to develop training plans , especially in the field of combating money laundering and terrorism financing in order to serve the banking sector and the creation of advanced banking cadres, pointing to the continuation of the annual training plan adopted by the Association to raise the efficiency of workers in the banking sector.

He noted that the association handed over the central bank governor Book legislation regulating the work of private banks in Iraq, which includes all laws and regulations relating to banking work and contribute to Thvezaji in the banking sector to refer to the correct legal texts, and the adoption of a single document brings all legislation that make it easier for them to reach the required information .

For his part, Keywords: the importance of a legal reference to facilitate access to the required information, stressing the importance of launching an electronic copy of the book and updated on an ongoing basis.