The conclusion of the anti-money laundering and the financing of terrorism organized by the Association of Iraqi banks in cooperation with Iraqna cycle

[yota691]

Governor of the Central Bank will meet graduates with a degree who specializes in anti-money laundering and terrorism financing

 

 

Economy News: / Baghdad ... He praised the Governor of the Central Bank of Iraq on the Keywords big efforts made by the Iraqi private banks association for Ttoiralqtaa banker, explaining that this is one of the most important tasks undertaken by the Association. He said the governor during a meeting at his office on Sunday graduates with Shehadi, a specialist in the field of combating money laundering and terrorist financing, the central bank is ready to cooperate with the Association in the implementation of programs is in the financial and economic sector interest Aattabralalaq and the subject of the fight against money laundering, a fundamental criterion for dealing with any bank because it reflects the work of the bank in terms of financial integrity and professional and ethical work.  He stressed the importance of the pillar banks are basically in the fight against money laundering by virtue of its location and its possibilities and capabilities.  Keywords noted that the central bank developed a special anti-money laundering unit and is now in the process of activated to keep up with local and international requirements. The graduates and the 15 trainees have recently completed a training course, hosted by the Association of Private banks and their cooperation with the World ACAMS Iraqna. According to the Association of Banks Maderaltnive Tariq Ali, who Houdralamkablh along Almstcharaleghanona Association Laos Tariq endeavor of the Association for the development of training plans, especially in the field of combating money laundering and terrorism financing in order to serve the banking sector and the creation of advanced banking cadres.
Views 98   Date Added 12/06/2016 - 19:06   Last updated 06/12/2016 - 20:59   No. Content 3893

[Big_J]

1 hour ago, yota691 said:

a specialist in the field of combating money laundering and terrorist financing

[sandfly]

THANKS

[yota691]

The central bank in the process of activating special anti-money laundering unit

History of edits:: 6.13.2016 10:50 • 48 visits readable

{Baghdad} Euphrates News Central Bank announced the development of specific anti-money laundering unit, pointing out that "the process of activated to keep up with local and international requirements."

A statement of the bank, the agency {Euphrates News} received a copy of it, from the province and the agency on the Keywords saying during a meeting in his office 15 graduates recently completed a training course, set up own them , the Association of Banks in collaboration with Iraqna global ACAMS, and received a specialist degree in the field of combating money laundering and financing terrorism that " the subject of the fight against money laundering is a fundamental criterion for dealing with any bank, because it reflects the work of the bank in terms of integrity and financial professional and ethical work." 
he praised the "considerable efforts made by the Iraqi private banks association for the development of the banking sector , " noting that "this one of the most important tasks undertaken by the Association. " 
He pointed Keywords to" central bank is prepared to cooperate with the Association in the implementation of programs related to combating money laundering, and pour in the financial and economic sector interest. " 
He stressed" the importance of the pillar banks are basically in the process of anti -money laundering rule its location and its potential and capabilities , "pointing out that" the Central Bank developed a special anti - money laundering unit and is now in the process of activated to keep up with local and international requirements. " 
for his part, Executive Director of the Association of banks Ali Tariq, according to the statement, that" the association is seeking to develop training plans , especially in the field anti - money laundering and terrorism financing in order to serve the banking sector and the creation of advanced banking cadres working in accordance with the currently approved international standards. " 
the House of Representatives voted on 16 September 2015 last, laundry Alamwal.anthy Law

[yota691]

The central bank uses the Association to combat money laundering

Monday 13-06-2016 | 10:02:02

 

 

 

Twilight News / Iraqi Central Bank announced it was considering a joint collaboration with the Association of private banks for the implementation of programs related to the fight against money laundering, saying that it comes in support of the financial and economic sector.

The central bank governor said Ali Mohsen Ismail Keywords, during a meeting in his office 15 graduates recently completed a training course, set up own them, the Association of Banks in collaboration with Iraqna global ACAMS, and received "a specialist degree in the field of combating money laundering and terrorism financing," The theme of the fight against money laundering is "a fundamental criterion for dealing with any bank," because it reflects the work of the bank in terms of financial integrity and professional and ethical work.

He praised the Governor of the Central Bank of Iraq, the big efforts of the Iraqi private banks association for Ttoiralqtaa banker, explaining that this is one of the most important tasks undertaken by the Association.

He said the central bank is ready to cooperate with the Association in the implementation of programs related to "the fight against money laundering," and pour in the financial and economic sector interest.

He stressed on the importance of Keywords that corner banks are basically in the fight against money laundering by virtue of its location and its possibilities and capabilities, noting that the central bank developed a special anti-money laundering unit and is now in the process of activated to keep up with local and international requirements.

For his part, Executive Director of the Association of Banks Tariq Ali, who attended the meeting pointed out that the association is seeking to develop training plans, especially in the field of combating money laundering and terrorism financing in order to serve the banking sector and the creation of advanced banking cadres working in accordance with the currently approved international standards.

[Boozer]

Better late than never, Now get all that stolen money back, Hang Maliki and you'll sleep better

[SnowGlobe7]

so will we

 

[rkpdwp]

I just wish they would or could get all their money back, it is unreal how much money Iraq would. they could rv at $10 to one dinar

[davis411]

i believe its coming back

[Laid Back]

This is one of the requirements from the IMF.

The CBI continues moving forward

 

[TennesseeCherokee]

Pay no attention to the men behind the curtain......our United States Treasury Officers. 

Had our team not gotten involved, Maliki's boy at the helm of The CBI would have "lost" all of Iraq's reserves and crashed their economy by allowing the counterfeiters to flood Iraq with funny money.

[GregHi]

Look at the portraits behind them on the wall. It shows the succession of CBI Governors. Shabibi then Malikis goon and now the latest..

[yota691]

 The central bank plans to activate the "unity of the fight against money laundering" and is considering cooperation with the Association of Banks

 

 

BAGHDAD / Economy News ...   The Central Bank of Iraq, his intention to activate the Unit for Combating Money Laundering to keep up with local and international requirements, as he emphasized his willingness to cooperate with the Association of Banks for the implementation of programs related to "the fight against money laundering," the central bank economists called for a restructuring of the banking and financial institutions to curb corruption processes taking place the country years ago.  The governor of the Central Bank and the Agency on the Keywords, on the sidelines of a meeting of 15 graduates recently took part training course set up by the Association of private banks to obtain certificate of competence in the field of (anti-money laundering and financing of terrorism), "The theme of the fight against money laundering is a fundamental criterion for dealing with any bank because it reflects the work of the bank financial terms of integrity and professional and ethical work. " He praised the Keywords, "the efforts of the Iraqi private banks association for the development of the banking sector", expressed the readiness of "the central bank to cooperate with ASEAN in the implementation of programs related to combating money laundering and pour in the financial sector and economic interest." He stressed the Keywords, the need for the "pillar banks are basically in the process of combating money laundering by virtue of its location and its potential and capabilities," adding that "the central bank developed a special anti-money laundering unit and is now in the process of activated to keep up with local and international requirements." For his part, Executive Director of the Association of Banks Tariq Ali, according to the statement, that "the association is seeking to develop training plans, especially in the field of combating money laundering and terrorist financing in order to serve the banking sector and the creation of advanced banking cadres working in accordance with the currently approved international standards." In turn, the financial expert Uday Abdul Ameer Amer, said the phenomenon of money laundering has increased ten years ago due to decline the application for combating financial and administrative corruption in state institutions and economic laws. " He added that "all the government and private banks have a special anti-money laundering, but sections that she stopped working for several reasons such as lack of seriousness in the application of laws and the spread of financial and administrative corruption between functional cadres of these institutions." He explained Amer that "the Central Bank Law No. 93 of 2004 and by Article 12, which relates to the establishment of indoor units to combat money laundering and bleached in all financial and banking institutions, so as to collect and analyze information to find out citizen corruption and hand money smuggling." And that "some politicians and owners of intervention influence banking work through the establishment of banks and companies, mostly fake and illegal for the purpose of speculation in the daily currency auction and make big profits twisted and illegal means." Amer stressed that "the central bank assumes full responsibility for the loss of billions of dollars and she went to the pockets of corrupt, so it should be a complete overhaul and restructuring of the banking and financial institutions are limiting the phenomenon of money laundering and smuggling abroad." The Iraqi Cabinet, announced on Tuesday (June 30, 2015), agreed on a draft anti-money laundering and terrorism financing law, which is of great importance for his role in drying the sources of terrorism and to respond to international trends in this area.  It is noteworthy that the banking system in Iraq consists of 54 banks as well as the Central Bank and distributed according to property between the seven state-owned and 23 private businesses, including Islamic nine in addition to the 15 branches of foreign banks. R
Views 21   Date Added 14/06/2016 - 10:23   Last updated 06/14/2016 - 13:27   No. Content 3914

 

[yota691]

War: required from the central bank is mandated by law to take action against private banks

By: Gazwan on: Tuesday 14/06/2016 3:59  Follow - up / Iraq today  confirmed the legal expert Tareq Harb, said that the decision of the Iraqi Central Bank on 06.12.2016 of measures towards private banks are a few measures, and does not constitute only a little part of the authority vested in the central bank law to these banks, they are not enough so that " a lot of private banks no legal provisions for banking work depends,  but were banks to run it , not to shareholders, depositors and clients," added the war, what confirms that " the banking operations of these banks to provide loans and letters of guarantee and documents reliability and other banking operations confirms this saying, especially this is evident in the lending and debt operations, many of which are banking family that bank control by the administration or the managing director, not even a lot of banks refrain from paying owed banks for their owners , whether they are depositors of these amounts or dealers . "  war refers saying also , " the bank resorts to procrastination and delay, while the phenomenon of banking boutiques is a phenomenon spread in Iraq, there are universities and colleges civil in the form of shops so that the university area and what they offer far less than the elementary school space and what they offer, and the situation he moved to civil hospitals as well, so the target of many banks to collect profits only by entering into an auction sale of foreign currency could constitute what is the move away from the legal obligation to carry out the exercise of real banking business, we do not say that there are many claims of the crime of money laundering has been referred to the courts The defendants had the management of these banks. "Concluded his talk of war by saying , "well do not need to say that we should stop at some of the calls to expand the powers of banks and banks on what is currently insufficient to take action towards the implementation of the banking business , how if expanded bank 's operations so that the participating establishments and business, so it has to be checking in Business current banking before moving on to a new stage and whether the central bank has fought a difficult and precise legal experience with banks or three when he decided to stop the banking business for them (Avlasshma) and the appointment of a person by him for the management of these banks instead of the actual administration, the Central Bank of Iraq demands the implementation of the provisions contained at the same relationship that has decided to authorize the central bank powers and the terms of reference and the broad powers over all private banks, particularly those stated in the Central Bank Law No. laws (56) for the year 2004, and the banking Law No. (94) for the year 2004, the law on anti - money laundering No. (39) for the year 2015 and Corporate law No. (21) for the year 1997 so that the central bank is the only party responsible in Iraq for monetary policy and implemented in accordance with the provisions of Article IV of this Act which is the only body that issues licenses and permits for the work of banks, as it is obliged under the law to provide liquidity and dissemination of data on the banking and financial and economic system in addition to the issuance of the Iraqi currency authority is not permissible exercise of any banking business in Iraq unless authorized the central bank so even for foreign banks civil, as well as the central bank's anti - money laundering and the Council to make the fight against this crime, investigation of the competence the central bank is not the prerogative of the integrity Commission, and that this law committed Central Bank has established the rules governing the work of all financial institutions , non - banking and granted the issuance of appointments for this law and published in the official Gazette of the authority, as well as the banking Act to grant the Central Bank in the third material and beyond the powers of wide and numerous towards private banks, since the civil companies banks companies Act applies to that the central bank is bound to be a sergeant and noting these companies are in fact financial firms on behalf of banks and applied the provisions of the companies Act and previous laws and whether the central bank has pointed to something banking reform yesterday , he first needed to refer to the new reforms carried out by the private banks. "

[Synopsis]

The second to the last article above states, "He explained Amer that "the Central Bank Law No. 93 of 2004 and by Article 12, which relates to the establishment of indoor units to combat money laundering and bleached in all financial and banking institutions, so as to collect and analyze information to find out citizen corruption and hand money smuggling."

And that "some politicians and owners of intervention influence banking work through the establishment of banks and companies, mostly fake and illegal for the purpose of speculation in the daily currency auction and make big profits twisted and illegal means."

Amer stressed that "the central bank assumes full responsibility for the loss of billions of dollars and she went to the pockets of corrupt, so it should be a complete overhaul and restructuring of the banking and financial institutions are limiting the phenomenon of money laundering and smuggling abroad.""

This is really good news to me.  Looks like money laundering and smuggling of funds outside of Iraq will come to and end (as well as the CBI daily currency auctions), hopefully very soon.  The collection and analysis of information aught to serve as a firm basis to indict and prosecute the corrupt.  Hopefully the information can and will be used to retrieve those funds outside of Iraq and return them to the CBI.  Other past articles have suggested foreign countries willing to return the smuggled funds back to Iraq.  With the CBI assuming full responsibility, looks like (to me) an implication that Ali al-Allaq's (Nouri al-Maliki appointed CBI Governor) days are numbered, too.

[yota691]

The central bank plans to activate

 

 

BAGHDAD / Economy News ...   The Central Bank of Iraq, his intention to activate the Unit for Combating Money Laundering to keep up with local and international requirements, as he emphasized his willingness to cooperate with the Association of Banks for the implementation of programs related to "the fight against money laundering," the central bank economists called for a restructuring of the banking and financial institutions to curb corruption processes taking place the country years ago.  The governor of the Central Bank and the Agency on the Keywords, on the sidelines of a meeting of 15 graduates recently took part training course set up by the Association of private banks to obtain certificate of competence in the field of (anti-money laundering and financing of terrorism), "The theme of the fight against money laundering is a fundamental criterion for dealing with any bank because it reflects the work of the bank financial terms of integrity and professional and ethical work. " He praised the Keywords, "the efforts of the Iraqi private banks association for the development of the banking sector", expressed the readiness of "the central bank to cooperate with ASEAN in the implementation of programs related to combating money laundering and pour in the financial sector and economic interest." He stressed the Keywords, the need for the "pillar banks are basically in the process of combating money laundering by virtue of its location and its potential and capabilities," adding that "the central bank developed a special anti-money laundering unit and is now in the process of activated to keep up with local and international requirements." For his part, Executive Director of the Association of Banks Tariq Ali, according to the statement, that "the association is seeking to develop training plans, especially in the field of combating money laundering and terrorist financing in order to serve the banking sector and the creation of advanced banking cadres working in accordance with the currently approved international standards." In turn, the financial expert Uday Abdul Ameer Amer, said the phenomenon of money laundering has increased ten years ago due to decline the application for combating financial and administrative corruption in state institutions and economic laws. " He added that "all the government and private banks have a special anti-money laundering, but sections that she stopped working for several reasons such as lack of seriousness in the application of laws and the spread of financial and administrative corruption between functional cadres of these institutions." He explained Amer that "the Central Bank Law No. 93 of 2004 and by Article 12, which relates to the establishment of indoor units to combat money laundering and bleached in all financial and banking institutions, so as to collect and analyze information to find out citizen corruption and hand money smuggling." And that "some politicians and owners of intervention influence banking work through the establishment of banks and companies, mostly fake and illegal for the purpose of speculation in the daily currency auction and make big profits twisted and illegal means." Amer stressed that "the central bank assumes full responsibility for the loss of billions of dollars and she went to the pockets of corrupt, so it should be a complete overhaul and restructuring of the banking and financial institutions are limiting the phenomenon of money laundering and smuggling abroad." The Iraqi Cabinet, announced on Tuesday (June 30, 2015), agreed on a draft anti-money laundering and terrorism financing law, which is of great importance for his role in drying the sources of terrorism and to respond to international trends in this area.  It is noteworthy that the banking system in Iraq consists of 54 banks as well as the Central Bank and distributed according to property between the seven state-owned and 23 private businesses, including Islamic nine in addition to the 15 branches of foreign banks. R
Views 87   Date Added 06/14/2016 - 10:23   Last updated 15/06/2016 - 13:14   No. Content 3914

[Officiallytook]

On 6/14/2016 at 8:16 AM, Synopsis said:

The second to the last article above states, "He explained Amer that "the Central Bank Law No. 93 of 2004 and by Article 12, which relates to the establishment of indoor units to combat money laundering and bleached in all financial and banking institutions, so as to collect and analyze information to find out citizen corruption and hand money smuggling."

And that "some politicians and owners of intervention influence banking work through the establishment of banks and companies, mostly fake and illegal for the purpose of speculation in the daily currency auction and make big profits twisted and illegal means."

Amer stressed that "the central bank assumes full responsibility for the loss of billions of dollars and she went to the pockets of corrupt, so it should be a complete overhaul and restructuring of the banking and financial institutions are limiting the phenomenon of money laundering and smuggling abroad.""

This is really good news to me.  Looks like money laundering and smuggling of funds outside of Iraq will come to and end (as well as the CBI daily currency auctions), hopefully very soon.  The collection and analysis of information aught to serve as a firm basis to indict and prosecute the corrupt.  Hopefully the information can and will be used to retrieve those funds outside of Iraq and return them to the CBI.  Other past articles have suggested foreign countries willing to return the smuggled funds back to Iraq.  With the CBI assuming full responsibility, looks like (to me) an implication that Ali al-Allaq's (Nouri al-Maliki appointed CBI Governor) days are numbered, too.

EXACTLY!!! Stop the auctions ... increase the value to USD

[Big_J]

20 hours ago, Officiallytook said:

EXACTLY!!! Stop the auctions ... increase the value to USD

GD DV.

[yota691]

 

 

Central reveals a "special unit" to combat money laundering

 13/06/2016 10:13

 

 Number of Views: 436

 

BAGHDAD / tomorrow Press: central bank said on Monday that he developed a "special unit" to combat money laundering, and while noting that it was activated to keep up with local and international requirements, confirmed he was considering a joint collaboration with the Association of private banks for the implementation of programs related to combating money laundering in support of Gaza financial and economic.
 

The governor of the Central Bank, on the Keywords, in a statement Tqlt "Tomorrow 'sPress , " a copy of it, after a meeting with 15 graduates recently completed a training course, set up own them , the Association of Banks in collaboration with Iraqna global ACAMS, and received ( a specialist degree in the field of combating money laundering and financing terrorism), " The theme of the fight against money laundering is a fundamental criterion for dealing with any bank, because it reflects the work of the bank in terms ofintegrity and financial professional and ethical work." he praised the Governor of theCentral Bank, according to a statement to " the great efforts exerted by the Iraqi private banks association for the development of the banking sector . " explaining that "this is one of the most important tasks of the Association , " stressing " the central bank is ready to cooperate with the Association in the implementation of programs related to combating money laundering, and pour in the financial sector and economic interest."
 

Keywords and stressed the importance of the "pillar banks are basically in the fight against money laundering by virtue of its location and its possibilities and capabilities," adding that "the central bank developed a special anti-money laundering unit and is now in the process of activated to keep up with local and international requirements."

For his part, Executive Director of the Association of Banks Ali Tariq, who meeting was attended according to the statement pointed out, that "the association is seeking to develop training plans, especially in the field of combating money laundering and terrorism financing in order to serve the banking sector and the creation of advanced banking cadres working in accordance with the currently approved international standards."

[yota691]

The conclusion of the anti-money laundering and the financing of terrorism organized by the Association of Iraqi banks in cooperation with Iraqna cycle

 

 

Khas.alaguetsad News / Baghdad ..... Thursday concluded the second training course in the field of combating money laundering and financing of terrorism organized by the Iraqi private banks association in collaboration with the sole representative of the Organization of Iraqna (ACAMS) for Training and Development in Iraq  The organization of the session, which lasted five days with the participation of 23 trainees from 16 private and government banks and financial companies to transform in light of the Iraqi Central Bank directives. He said Associate Executive Director of the Association of Iraqi private banks and Director of Training and Development Ahmed al-Hashimi, that these courses aim to develop the capacities of those working in the government banking and the private sector in the field of combating money laundering and terrorism financing in the light of the Iraqi Central Bank directives, Noting that it is one of the most important priorities of the banking sector in the current stage, the fact that these things were not present in Iraqi banks. He also added, that these certificates accredited by the organization (ACAMS) is a positive step for Tazizalqtaa banking and scalability. For his part, he praised the CEO of Iraqna Saad Salman collaboration between the two institutions organized a global Mqais in banking systems sessions, calling on the government and the private banking sector to adopt global Mqais scientific certificates known and internationally accredited institutions. He noted that Iraqna and Commonwealth banks are trying in their endeavors to establish new courses at different levels in the financial sector, especially in the fight against financial crimes and called (ACFCS).
Views 89   Date Added 08/04/2016 - 22:38   Last updated 08/05/2016 - 11:29   No. Content 4669

[Big_J]

GD yota and DV. BUMP!