Association of private banks to conclude a course in Erbil and undertake courses throughout Iraq





03/08/2017

Economy news Erbil:

Iraqi private banks Association concluded a training course entitled "fight against money laundering and terrorist financing at Ceyhan in Erbil City share 50 trainees from 26 banks and wire transfer company.

Private banks Association said in a press release received news economy "that private banks Association on Thursday concluded a training course titled (combating money laundering and terrorist financing) in cooperation with KPMG firm launched last Tuesday at the headquarters of the League of Ceyhan in Erbil City", adding that "of Danish participants received a certificate from the Association of banks and testimony from KPMG company."

"The goals of the course is to give trainees modern methods in the fight against money laundering and organized international and regional AML process the most important websites of regional and international bodies for the purpose of verification of customers and see the new Basel Committee initiative to combat money laundering and money laundering risk and due diligence towards customers," stating that "session includes teaching interns practical applications and application instructions of the Central Bank and the anti-money laundering Office."

Private banks Association drew "courses will be implemented in all provinces of Iraq in the fight against money laundering and risk management in line with the Central Bank and the banking sector to develop a global system", adding that "the certificates granted by Association of private banks globally recognized it from international institutions through agreements signed with foreign companies competent in the area of training and development".

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