Central: international standards to combat money laundering

[yota691]

Association of private banks succeed train 521 bank during the first quarter

 

 

Economy News / Baghdad ...       Announced the Association of private banks, it has developed expertise of 521 employees in private and government banks during the first quarter of this year through eight training courses stay in the capital Baghdad. The Association of private banks in a press release, "The Association is keen to develop the banking sector and to strengthen the capacity of workers in it, especially in the field of combating money laundering and terrorism", adding that "the Association of private banks succeeded in the first quarter of this year, the establishment of eight training courses for workers in the banking sector concerning the protection of customers and staff awareness in the construction of the role of banks and stimulate the economy as well as anti-money laundering and the financing of terrorism and risk management. " She noted that "the eight sessions held in cooperation with an international company managed through the training of 521 employees in private and government banks and that the coming days will witness the establishment of several training courses for bankers, which will be reflected positively on the banking sector," indicating that "private banks are very keen on training working on the latest technology used by international banks in order to provide better services to citizens and enhance confidence in banks. " He noted that "the Association of Banks will continue its activities to promote and enhance the skills of workers in the banking sector through contract agreements with international companies."
Views 59   Date Added 30/03/2017 - 11:13   Last updated 03/30/2017 - 12:51   No. Content 7021

[Big_J]

[yota691]

Association of private banks out new banking cycle as part of its ambitious plan for human Ttaiwiralamward in Iraqi banks

 

 

Economy News / Judge Ghassan ...     Concluded in Mqrrabotth Iraqi private banks in Baghdad training course on the subject of (universal banking operations) with the participation of 96 employees in various Iraqi banks. The organization of this session by the Iraqi Association of private banks in the training Atarkttha human ambitious Ttaiwiralamward operating in Iraqi banks, which included so far more than 600 employees.  Participants at the session of the three-day theoretical lectures on how to improve the banking work so as to enhance citizens' public banks confidence and contribute to the fight against money laundering and terrorism, as well as access to all activities of cognitive banking pertaining to their work, including raising the Iraqi banks level to the ranks of advanced banks in the world . In his speech to the graduates reviewed the President of the Association of private banks and depositary Handal Association plans in the field of training of human resources in Iraqi banks since its inception before Nhuaamin, experts and lecturers Astkdamha Arabs and foreigners in different terms of reference of the banking business. He Handal success of the Association in this area as evidenced by their access to many of the encouragement and praise from the Iraqi, Arab and foreign bodies certificates, the last representative of the US Treasury in Iraq / John Sullivan / who presented during his visit to the headquarters days before the medal / John F. Kennedy / which are usually given to establishments initiative and organizations that provide a success and distinct. He noted that Handal Doralrabotth in the field of training Sestmroetazz, in order to supplement the workers in the Iraqi banking sector with all the required skills, The Chirtgarergsm Training Association to the success of these courses and workshops that number reached during the first quarter of 2017, eight in various financial and banking terms of reference, in the forefront of the workshop workers on commercial fraud involving 20 judges dedicated to these crimes from the resumption of the Rusafa Court, also intends to link the organization a similar course for twenty judges Akharvi the subject of money laundering and combating Alarhabaqraba in the framework of cooperation and coordination with the judiciary in the fight against crime in its various forms.  The aspiring Association to achieve a record in organizing training courses with the end of this year, in Atarkttha ambitious banking and industrial modern Tazizmvhom, and exploring the banking Doralaml in the development of the national economy and achieve sustainable development, and upgrading the level of workers in this sector within the strategy of awareness comprehensive include all private banks and the government. The training plan adopted by the Association for the current year, which aims in 2017 to keep up with technical banking and scientific developments in the world, including Aazzthagh citizens in banks, and contribute to encouraging them to deposit cash savings in, and contribute to speed up the implementation of Aqrartotin employees' salaries in private banks, a decision passed by the Central Bank of Iraq . It is noted that the association has seen after a Njazparwa new Ttaiwirmqrha in Baghdad early this year a qualitative leap in training services in the various terms of reference of the banking business, especially in the area Almkhatralamsrvih management and compliance with international banking rules and anti - money laundering and terrorism, Baattabaralajerimthel main concern for all banks in the world at present .
Views 45   Date Added 04/02/2017 - 09:58   Last updated 02/04/2017 - 12:27   No. Content 7040

[Wiljor]

Good morning Yota, much obliged as always my friend  

I wonder if these employees of the private banks or any bank employee are aware of any RV, or are they sworn to secrecy, or, perhaps only the tops at the CBI know or maybe they don't  

It's  Sunday and I'm on vacation and the thought entered my head and was just wondering  

[ChuckFinley]

Thanks Yota and morning Wiljor, trust all is well.  

[Wiljor]

Just now, ChuckFinley said:

Thanks Yota and morning Wiljor, trust all is well.  

Morning Chuck, all good bro  

Got a little down time and wife and I escaped to Tulum for a few days  

[ChuckFinley]

Nice, looking forward to the day I can take a break. Just lost my second job, but it was a good thing. Down to one and after April 18th I will have a better feel as to where I am. Thinking a change in Latitude for a better Attitude. 

[SnowGlobe7]

Good bank story

[yota691]

Private Banks Association organizes a workshop in compliance with anti-money laundering and 50 bank employees for

 

 

Economy News / special ...     Organized by the Iraqi Association of private banks at its headquarters in Baghdad and a workshop for staff working in the departments of compliance and anti-money laundering and the financing of terrorism in the 27 Iraqi banks and private foreign. It participated in the workshop organized by the Association in collaboration with UNESCO's International Bank of 50 specialized bank employees in this area where they saw the latest global developments in the fight against money laundering and the financing of terrorism, which is the main concern for all banks in the world now  And reviewed the Associate Director of the Department of Anti-money laundering and the financing of terrorism in the Ashur International Bank Muhammad Anas bloat the evolution of the banks in the world in this  Jurisdiction and the measures taken to protect itself from operational mistakes, and compliance with international laws and local instructions and in the forefront of the fight against money laundering and the financing of the Iraqi Terrorist Law in force and passed by the Central Bank of Iraq It comes Tntam workshop within an ambitious training program adopted by the Iraqi Association of private banks this year included so far trained 600 workers in the government and private banks.
Views 88   Date Added 04/06/2017 - 13:16   Last updated 06/04/2017 - 14:27   No. Content 7085

[sandfly]

Thanks 

[yota691]

Association of Private Banks: Conclusion of a training course for "80" bank employees to combat money laundering

 

 

Economy of the News / Baghdad:   The Association of Private Banks, on Thursday, the conclusion of the anti-money laundering session with the participation of 80 employees working in Iraqi banks.  Attending the graduation ceremony of the trainees in the course of combating money laundering, the director of the Banking Supervision Department at the Central Bank, Qaseem Saleh, the assistant director of the Banking Supervision Department Imad Mohammed, the President of the Association of Private Banks Wadih al-Hanal and musician Naseer Shamma.  The Executive Director of the Association of Private Banks, Ali Tariq in an interview with "Economy News", "The Association of private banks concluded Thursday, the session against money laundering with the participation of 80 employees in banks and financial transfer companies," adding that "the Association of private banks working to increase The efficiency of employees working in private and government banks through the courses they hold. "  He pointed out that "the Association of Private Banks train staff working in the banking sector on the latest means to combat money laundering in order to protect the country from security risks."  On the other hand, the Director of the Banking Supervision Department at the Central Bank, Qassem Saleh, said at the graduation ceremony and his follow-up "Economy News" that "the Association of private banks to train banks and develop their potential in the field of anti-money laundering and risk management will reflect positively on the banking environment, Adding that "the central bank is interested in training courses held by the Association of Banks, especially in the field of combating money laundering."  Saleh praised the "training programs provided by the Association of Private Banks", calling on the Association of Private Banks to "the need to continue to conduct training courses for the development of employees in the banking sector."
Views   Date Added Date 13/04/2017 - 17:59   Last Updated 14/04/2017 - 15:48   Content Number 7135

[Wiljor]

Good morning Yota 

More training for the international stage............... done 

[ChuckFinley]

3 hours ago, Wiljor said:

Good morning Yota 

More training for the international stage............... done 

Just what I was thinking and at what an opportune time. No use studying it for a year from now. 

[yota691]

Central Bank: the Iraqi banking sector has made significant progress

 

 

Economy News / Baghdad:   The governor of the Central Bank, on the Keywords, on Saturday that the Iraqi banking sector has made significant progress in its activities during the current period, while declared the President of the Association of private banks, the depositary Handal, that private banks are working hard to implement the Anti - Money Laundering Law to protect the country from the risks.  Keywords and said in the workshop "anti - money laundering" held Babylon Hotel in central Baghdad and attended by "Economy News", "great mobility is happening today in the banking sector to develop its employees on important banking issues such as anti - money laundering and risk management," adding that "exercises Speak now evolved in a very large and aim to expand the circle of culture and knowledge of the banking employee. "  He explained that " the Iraqi banking sector progress substantially in its activities and has become a focus domestically and internationally , " adding that " the Central Bank is working to build a sound information base through the use of information technology."  On the other hand, head of the Association of private banks, Wadih Handal, in his speech to the Conference, " The Association of private banks are working hard to implement anti - money laundering to protect the country from the dangers faced by the law," adding that " the Association of private banks has trained about 600 bank employee in the first quarter of this year on various banking issues. "  And that "private banks association is currently working on the development of the relationship with foreign banks in addition to the use of the world 's best technology and the application of international standards."  He stressed Handal on " the need for financial statements issued by financial institutions with the application of international standards and under the supervision of the Central Bank."  In the meantime, said the Union of Arab Banks adviser, Jul disco, said that "those who in the process of money laundering is trying to hide the real source of illicit funds , such as drug and human trafficking and to give a false justification for this source by any means," adding that "money laundering is a way to escape the person accused of responsibility. "
Views 15   Date Added 15/04/2017 - 16:37   Last updated 04/15/2017 - 15:53   No. Content 7136

[Big_J]

12 minutes ago, yota691 said:

private banks are working hard to implement the Anti - Money Laundering Law to protect the country from the risks. 

GM YOTA AND DV. 

[yota691]

Keywords: build a solid base to prevent money laundering

4/16/2017 0:00     BAGHDAD / Hussein Tgb   integration in the work of the Iraqi financial sector is an urgent need for the development of various economic sectors, as it represents a communication with major international banking blocs and prevent financial crimes target for a future stage depends on the preparation and development of competencies in this sector , which is of great importance from the authorities concerned with this matter.   This came during a workshop to combat money laundering , organized by the Central Bank of Iraq 's economy and international business group in the presence of the Iraqi Association of Banks   own. International attention of the  Governor of the Central Bank of Iraq d. Ali Keywords said that the trend to prepare a solid base to address money laundering is extremely important and contributes to building a financial sector sound, pointing out that the subject has a local and international interest and we are working to build the correct rules of the adoption of international standards regulate the financial work and form the immunity of the banking sector and prevent the laundering  of money. Keywords pointed to the importance that combine local and international efforts to coordinate mechanisms of action to achieve the goals that prevent the occurrence of such practices in various  economies. Rules of sound and stressed the importance that the adoption of the rules of sound using the latest technology and coordination among all the concerned authorities in this matter to control these diseases and prevent their spread through the path established for this matter to coordinate action among all parties map, and there are legal regulations paint the correct paths, pointing to the importance of side training human resources and expand the circle of knowledge in this  aspect. Keywords confirmed that the central bank the latest great mobility in this aspect and the provision of basic and advanced detailed in this important work rules and development occurred in this aspect during the past period and formed banks and specialized units in this side to undermine the opportunities of these  crimes.  Black sources and money laundering means obtaining money from black sources are illegal and introducing them into the economic cycle and the process of taking them out as money free of suspicions clean  economic. Executive Director of the International Finance Group and business Walid Bou Zaki stressed the need to develop the future of the banks and the adoption of best global products and financial services to make progress on the clock, stressing the use of advanced banking technology that prevent financial crimes in our sectors  of banking. Preparation competencies head of the Iraqi Private Banks Association Wadih Handal said that the issue of money laundering look at him with great interest in the current situation, pointing out that the central efforts of the great mechanisms to prevent money laundering and the financing of terrorism was adopted and was preparing the necessary competencies for this important issue, and that the regulatory and judicial institutions address for these crimes that negatively affect regional economies  and global. He pointed out that the private banking sector is making great efforts to address these economic problems through the development of specialized human resources in this aspect, pointing out that the Association of Iraqi private banks are very active in this aspect through cooperation with specialized financial entities solid in the world to prepare local expertise to address this  Jerimh.wachar that the Association was able to train 600 employees in the public and private sectors during the first quarter of this year in various banking activities, particularly with regard to laundering  money.  The economic cycle concerned about the financial crimes d. Paul disco eating the concept of money laundering and the problem of hiding money sources and the introduction of black money into the economic cycle through the purchase of real estate, gems and sinks them out objects of clean, pointing out that this financial movement is a crime because getting the money to be from illegal activities do not serve  economies. He cautioned that in the Arab countries not to declare fiscal revenue is permissible on the contrary , an order of the world, noting that disclosure is extremely important to prevent bleaching crimes  of money. An annual plan in turn , Executive Director of the Association of Iraqi private banks Tariq Ali stressed the need to be the future objective of the financial sector to achieve integration of all the joints of the financial work, noting that it requires the intensification of the preparation of specialized expertise in the sector of staff  money. Tariq pointed out that the global effort specialist looks to clean money , which has a clean and clear economic cycle sector, pointing out that has the Association annual training plan for employees in the private banking sector and the public to Rphihm new knowledge that develops products and create a sober financial sector. Between this workshop comes as a real supporter of the efforts of the Association in the preparation of specialized skills in the field of money laundering and contribute to the consolidation of the banking business in Iraq , which is waiting for the future  promising.

[yota691]

same subject....

Restore confidence

Author: Yasser mutawalli 4/16/2017 0:00     Most economists agree that the strength of the economy in any country must be accompanied by the presence of a solid banking sector is able to meet the requirements of development and investment.  This overview was still the most important requirements of international investment companies to initiate the implementation of strategic projects in the country and was one of the obstacles to attracting global investment in Iraq.  It saw the previous stage an accurate diagnosis of this case by economists who are asking them to provide a solid Anvkoa banking sector to meet the requirements of international investment companies.  Today , we see that Iraq has begun steps to reform in order to promote economic productivity and service sectors and in many important joints, but the observer notes that there are slow in achieving reform goals because of the lack of economic reform requirements , including the existence of a qualified banking sector to respond to the reform requirements - according to experts - .  What is the reason behind the lack of such a banking sector?.  The main reason behind the absence of such a sector is due to the loss of confidence in banks, whether by the government or the citizen, regardless of the reasons for the lack of confidence, which has become known to everyone, but it requires the restoration of confidence in the banking sector so they can be the possibility of the implementation of economic reforms in the most important aspect of its requirements , but a banking sector is able to provide the implementation of the reform programs of the implementation of sustainable development projects.  Now, after a series of measures taken by the central bank to correct the performance of lagging banks track that, a relatively few, and in response to the banking sector overall to the requirements of the banking reform confidence returned again in this sector, the first step in restoring confidence led to a change of dealing with banks trend pattern   right.  What is needed now restore citizen confidence in the banking sector so they can be re - treated with discreet banks, perhaps the central bank took the initiative to adopt restore confidence through several measures , including localization of salaries of employees in banks Dmanth and then work on the issue of legislation to ensure deposits of citizens in order to return the money compacta in homes to banks to invest in the implementation of development projects and thus advanced step achieved on the path of economic reforms mortgaged its success to the availability of discreet banking sector and thus can restore the confidence of international banks correspondent of Iraqi banks which is required to attract international companies To rebuild Iraq., Imad Trust of success.

[Big_J]

3 hours ago, yota691 said:

International attention of the  Governor of the Central Bank of Iraq

GM YOTA AND DV.

[DWS112]

Central: international standards to combat money laundering   April 25, 2017

The governor of the Central Bank of Iraq on the Keywords, the trend towards a solid base to address money laundering preparation, is very important and contributes to building a financial sector sound, pointing out that the issue of addressing money laundering has a local and international interest and we are working to build the correct rules of the adoption of international standards regulate the financial work The immunity of the banking sector and prevent money laundering.
He stressed Keywords during the workshop to combat money laundering, organized by the Central Bank of Iraq and "Economy and Business Group» International presence " of the Iraqi Association of private banks», " the importance of concerted international and local efforts and coordination mechanisms of action to achieve the goals that prevent these practices in different economies." He stressed " the importance of building sound rules of using the latest technology and coordination among all the concerned authorities in this matter to control these diseases and prevent their spread through the roadmap established for this purpose», referring to the "legal regulations paint the right courses of action."
He pointed to " the importance of human resources training and expand the circle of knowledge in this aspect, as the latest central bank great mobility in this file and the security of the foundation and advanced business rules."
He stressed the executive director of "Business and Finance Group» Walid Bou Zaki on " the need to develop the future of the banks and the adoption of global best products and make financial services are provided around the clock», stressing " the importance of the use of advanced banking technology that prevent financial crimes in the banking sectors of our".
Promised "Iraqi private banks Association» Chairman of the depositary Handal "money laundering file is very important under the current circumstances, the Central Bank of Iraq adopted significant efforts mechanisms to prevent money laundering and the financing of terrorism, and prepared the necessary competencies in this regard, and the regulatory and judicial institutions to address these crimes negatively affect the regional and global economies. "
He pointed out that "the Iraqi private banking sector is making great efforts to address these economic problems through the development of specialized human resources, since the Association of Iraqi private banks are very active in this aspect through cooperation with specialized financial entities solid in the world to prepare local expertise."
" The Association has trained 600 employees in the public and private sectors during the first quarter of this year in various banking activities, especially with regard to money - laundering."
And the expert in financial crimes Paul disco to " the concept of money laundering and the problem of hiding their sources, and the introduction of black money to the economic cycle through the purchase of real estate, precious stones and banks to remove them as clean money», pointing out that "this financial movement is a crime because access to funds be illegal activities do not serve economies. "
He warned that "failure to declare financial revenues in Arab countries is something permissible, unlike the countries of the world», explaining that "disclosure is very important to prevent money laundering crimes."
He stressed Executive Director of the "Iraqi private banks association» Ali Tariq on " the need for the future objective of the financial sector is to integrate all aspects of financial work», pointing out , in an interview quoted by the «life» International on its website that "it requires intensifying the preparation of specialized expertise in the corners of the financial sector. "
He pointed out that "the Association annual plan to train workers in the private banking sector and the public to Rphihm new knowledge that the development of products and create a financial sector SOBER."
The "Central» Iraq drew a circular to all banks operating in Iraq, called on them to provide analytical statements and documents proving transfers rather than customs permits, and to provide lists of the names of transferring customers and end users of payments external transfers, including transferred through a third party, reinforced with a proof It recognizes the conversion by the beneficiary, including disclosure of the amount and purpose and the beneficiary country, in addition to detecting correspondent bank account shows the total conversion operations and enhanced commercial regulations for such operations and the message "SWIFT» to the beneficiary.
Central and stressed the commitment to the rules of anti - money laundering and counter - terrorism, stressing depriving the bank of the entry of foreign currency sale in the central window of the final in the event of breach of this. He pointed out that the violation of these instructions will the perpetrators to the penalties provided for in the laws, instructions and regulations in force, may also be subjected to prosecution of a crime of money laundering and the financing of terrorism.

Edited April 25, 2017 by DWS112

[blueskyline]

Thank You DSW. GA DV's 

[magawatt]

International standard would be good. An international rate would be better