Central Bank: the Iraqi banking sector has made great progress

15/04/2017-20:33


-Economy Baghdad:


The Governor of the Central Bank, on Saturday, relations to the Iraqi banking sector has made great progress in its activity during the current period, while private banks Association Chairman, bitter melon, meek private banks strive to apply the money laundering Act to protect the country from dangers.

He said the relationship in bleaching control workshop "erected at Babylon central Baghdad and was attended by" economy "news" great mobility is going on today in the banking sector to develop employees on banking issues task such as money laundering and risk management ", adding that" the exercises which occur far evolved so dramatically and its expanding banking officer's culture and knowledge. "

"The Iraqi banking sector offering dramatically in its activity and become the focus of both locally and internationally," adding that the Central Bank is working on building a sound base of information through the use of information technology.

Meanwhile, President of the Association of private banks, bitter melon meek, in his speech to the Conference, the Association of private banks strive to apply the money laundering Act to protect the country from dangers faced ", adding that" private banking association has trained about 600 bank officer in the first quarter of this year on various banking issues.

The Association of private banks is currently working on developing a relationship with foreign banks in addition to using the best global technology and application of international standards. "

Bitter melon stressed "the need to issue financial statements by financial institutions with international standards and under the supervision of the Central Bank.

In the meantime, the Arabic Bank Union adviser said, "discotheque in the money laundering process trying to hide the true source of illegal funds such as trafficking in drugs and human beings and giving a false justification for this source by any means," adding that "money laundering is a way to drop an accused person from responsibility."

Link