The central bank determines the steps "compliance" to enter the banks foreign currency window

2 hours ago

Twilight News / reviewed the Central Bank of Iraq said it several steps to ensure compliance with degrees banks standards (compliance, anti - money laundering, risk) intending to participate in the sale and purchase of foreign currency window.

The Information Office of the Central Bank of Iraq Acer Jabbar director in an interview with Lord of Twilight News, said that " the subject of compliance is the cornerstone to enter the sale and purchase of foreign currency window Accordingly , the bank must obtain a degree appropriate and convincing success for the Central Bank of Iraq , regardless of the other for the rest of the grades standards and if the required degree and convincing standard for compliance with the Central Bank did not materialize can not enter the bank window and based upon the subject of compliance must give high importance. "

Jabbar said that " the banks that did not make the degree of success in the standard currently compliance, requires taking necessary to reach measures the level of success (more than 50% of the grade standard) and within one month of Tarih this uncles, and in the case of failing to get that degree is stopped from entering the window until they correct their positions. "

He stressed that the need to continue the support and amendment procedures and policies of human own standard of compliance and resource banks, down to a high level exceeding (65%) of the standard to ensure acceptance of classification of the bank and the continuity of its participation window in the next review ( the month of August / 2017).

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