The U.S. Treasury pays against the Central Bank for the financing of terrorism and money laundering

2017/2/8 14:15


[In Baghdad]


The delegation from the U.S. Treasury Iraqi Central Bank action to combat terrorist financing and money laundering.

The statement said the Bank received notification all Iraq [where] a copy, "the delegation who visited on Wednesday the Central Bank discussed and listened to the proceedings and especially verses which have been applied over the past year with regards to software developed and used by the Bank for the first time.

It said the delegation the American expressed "surprise at the speed and efficiency of using those programs and standards developed by the World Bank hiring international Audit Office [KPMG] dollar sales planning and control them through each bank's compliance scores for all rules of compliance with AML/CFT law number 39 for the year 2015".

The Central Bank gave the Treasury delegation "explained in detail on the electronic system applied by the Bank to control the movement of the retail dollar."

As the delegation discussed the extensive training programme, the Central Bank will start soon and aims to train and qualify staff working in the area of oversight and supervision.

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