Banking commitment and the political position .. Ahmed Al-Hajj

[yota691]

Towards electronic banking

Wednesday 02 October 2019 283

 

Dr.. In the name of Brahimi

 

A very important step announced by the Central Bank of Iraq within the framework of reaching the goal of financial inclusion and related to banking services via the mobile application, in order to improve digital banking services and rely on modern technologies to ensure easy access to services provided to all segments of society, and this step can achieve Good results, especially if we know that the number of mobile subscriptions in Iraq is (36.4) million lines, the number of mobile owners is (34.3) million, the number of households that have a computer is five million and the number of individuals who are connected to the internet is ( 28.5 million Dr..

The above-mentioned statistics confirm that cyberspace is an important outlet through which banking services can be delivered and thus is an opportunity to bridge the relationship between the banking sector and the public and reinforces that relationship to reflect positively on banking and financial transactions. Which can create employment opportunities resulting from the spread of electronic banking, which is developing rapidly at the international level by taking advantage of the advances in computer engineering and communications and the communication achieved through the virtual world on Network Web.

The services proposed by the Central Bank include the possibility of transferring funds between banks via mobile phones, viewing the details of customer accounts and balances, viewing the details of services, loans, products and bank rates, as well as viewing the ATMs and branches of the bank. The importance of the availability of anti-fraud systems to control and control access to the application, and this is an important topic for To protect the accounts of customers and the confidentiality and security of their financial operations, which also involve the reputation of banks.

Iraqi banks today in front of an important step requires preparation for it well and is a challenge to the extent of its ability to enhance confidence by the public, as well as being a real opportunity to compete in the provision of better services, hoping to be a success ally.

[yota691]

Electronic payment .. The key to reform and undermine corruption

Sunday, October 13, 2019 220

 

 

Baghdad / Hussein Thaghb 

 

Renewed calls to confront corruption in a real and effective way through the adoption of advanced technology and used internationally, including what has been adopted locally through the competent companies, which interact with the public, as electronic payment is the most important joints that must be adopted to address corruption and to convey the reality of government performance to a better stage by completing operations electronically, Without having to friction the employee with the beneficiary.

The importance of e-transactions came in the Prime Minister's speech, and accepted by a number of economists and specialists, after everyone realized that the adoption of advanced technology is an imperative need to be the seed of economic reform.

 

Quantum leap

Financial Advisor to the Prime Minister d. The appearance of Mohammed Saleh stressed that "the adoption of advanced electronic payment technology represents a qualitative leap in the advancement of transactions and government performance, as it can benefit from the success of the experience of electronic payment in the financial sector, in other business sectors, especially those that include financial collection, and here can rely on effort Successful localization and employ it to achieve success in this important direction. "

 

Local voltage

He added that "the work to raise government performance needs to take advantage of technological developments, and here we must pay attention to the local effort on electronic payment, and expand its activity to achieve more than the benefit of the completion of work on time and provide employment opportunities for young people directly to workers in this sector and indirect in sectors Supporting. "

A speech to the Prime Minister on 9 October included the adoption of several measures, including stopping the state at a time that will determine the payment of any amount in paper currency, but identify sukuk and smart card that prevents the manipulation of funds, and encourage those who receive sukuk to open bank accounts to get rid of money laundering and corruption.

 

Effective performance

In turn, a member of the Baghdad Economic Forum Jassim Al-Aradi said that "the process of economic reform sought by the country requires the adoption of mechanisms for the work of the court is not manipulated, and relying on electronic payment mechanisms that must be adopted in all dealings without the need for friction between the references different institution name This will ensure effective performance, coupled with orthodontic monitoring by a particular entity and strong oversight during the execution of works, projects or the performance of different institutions. "

He warned that "the performance of institutions should be fast and professional away from complexity, and that there is one window in terms of projects and summary transactions and the payment of fees and dues and others through electronic channels, and thus we have already begun a new phase of work and put the train on the right track."

 

The new phase

He pointed out that "the reality of electronic payment in Iraq has developed a lot, and that the Central Bank is aware of the importance of this trend and its positive impact on the economy of the country, and was able to adopt tools to communicate with the community to accept the new phase in dealings and shift towards the electronic community," indicating the importance of cooperation with There is a complementarity between the central instructions and the national performance, especially as Iraq has companies that have achieved international awards at the level of electronic payment.

He pointed out that "the next stage requires that the efforts of all to join forces to move the labor market and provide employment opportunities and the advancement of the national economy, and that everyone put national interests in the first and only choice, especially as the country can provide major employment opportunities to accommodate local and external human resources needed here and there. But this requires an organization and plans and an attractive environment for international investment. "

[Laid Back]

The adoption of advanced technology is an imperative need to be the seed of economic reform.

 

Go e governance 

Go e banking 

Go e transactions 

Go e card

Go RV

Go asap

 

Thanks for the article yota👍🏼😊

[yusofsabri]

7 hours ago, yota691 said:

Electronic payment .. The key to reform and undermine corruption

Sunday, October 13, 2019 220

 

 

Baghdad / Hussein Thaghb 

 

Renewed calls to confront corruption in a real and effective way through the adoption of advanced technology and used internationally, including what has been adopted locally through the competent companies, which interact with the public, as electronic payment is the most important joints that must be adopted to address corruption and to convey the reality of government performance to a better stage by completing operations electronically, Without having to friction the employee with the beneficiary.

The importance of e-transactions came in the Prime Minister's speech, and accepted by a number of economists and specialists, after everyone realized that the adoption of advanced technology is an imperative need to be the seed of economic reform.

 

Quantum leap

Financial Advisor to the Prime Minister d. The appearance of Mohammed Saleh stressed that "the adoption of advanced electronic payment technology represents a qualitative leap in the advancement of transactions and government performance, as it can benefit from the success of the experience of electronic payment in the financial sector, in other business sectors, especially those that include financial collection, and here can rely on effort Successful localization and employ it to achieve success in this important direction. "

 

Local voltage

He added that "the work to raise government performance needs to take advantage of technological developments, and here we must pay attention to the local effort on electronic payment, and expand its activity to achieve more than the benefit of the completion of work on time and provide employment opportunities for young people directly to workers in this sector and indirect in sectors Supporting. "

A speech to the Prime Minister on 9 October included the adoption of several measures, including stopping the state at a time that will determine the payment of any amount in paper currency, but identify sukuk and smart card that prevents the manipulation of funds, and encourage those who receive sukuk to open bank accounts to get rid of money laundering and corruption.

 

Effective performance

In turn, a member of the Baghdad Economic Forum Jassim Al-Aradi said that "the process of economic reform sought by the country requires the adoption of mechanisms for the work of the court is not manipulated, and relying on electronic payment mechanisms that must be adopted in all dealings without the need for friction between the references different institution name This will ensure effective performance, coupled with orthodontic monitoring by a particular entity and strong oversight during the execution of works, projects or the performance of different institutions. "

He warned that "the performance of institutions should be fast and professional away from complexity, and that there is one window in terms of projects and summary transactions and the payment of fees and dues and others through electronic channels, and thus we have already begun a new phase of work and put the train on the right track."

 

The new phase

He pointed out that "the reality of electronic payment in Iraq has developed a lot, and that the Central Bank is aware of the importance of this trend and its positive impact on the economy of the country, and was able to adopt tools to communicate with the community to accept the new phase in dealings and shift towards the electronic community," indicating the importance of cooperation with There is a complementarity between the central instructions and the national performance, especially as Iraq has companies that have achieved international awards at the level of electronic payment.

He pointed out that "the next stage requires that the efforts of all to join forces to move the labor market and provide employment opportunities and the advancement of the national economy, and that everyone put national interests in the first and only choice, especially as the country can provide major employment opportunities to accommodate local and external human resources needed here and there. But this requires an organization and plans and an attractive environment for international investment. "

Electronic payment could be one of the major key factor for CBI to rv IQD asap

[yota691]

Compliance in the banking system

Saturday 09 November 2019 58

 

Haider Kazem Adhari 

Banks are committed to applying the most important international and domestic standards of compliance, setting policies and procedures and organizing appropriate guidelines with a dynamic approach to the situation.

The function of the Compliance Section is to ensure that banks comply with all laws, regulations and circulars issued by the Central Bank of Iraq and government entities in and outside Iraq as international institutions, which determine the provision of advice and guidance and monitor and report to the Compliance Committee and the Board of Directors on compliance and instructions to monitor compliance In Article (71).

The Compliance Department has a scope of work to determine the organizational structure of the Compliance Unit and the roles and responsibilities of its employees in the Section. It is relevant to the Compliance function and to ensure appropriate oversight and periodic reporting on the work of the Compliance Unit within the Bank.

It is also keen to send quarterly reports to the Central Bank in a timely manner and is keen to follow up the work of all sections in the specified bank and know the work of those sections, properly and the section reviews the files opened in the bank to ensure the correct implementation of the policy (know your customer 

(kyc)).

Compliance is responsible for monitoring and directing bank credits and protecting the public deposits in the bank, as well as protecting the rights of shareholders. The bank is keen to participate in all courses held at the Central Bank and the Iraqi Banks Association. The Compliance Department shall follow up daily with the Money Laundering Unit of the Islamic World Bank to ensure the safety of funds entering the Bank and take due diligence procedures. E funds to prevent the use of the Bank's activities for money laundering and terrorist financing.

 

[yota691]

Video: Economists call for activating banking supervision to reduce currency smuggling

Special Sumerian

2019-11-19 | 06:55

 

Video Won't load yet

 

Source:

Sumerian

 

576 views

Expected calm, and huge funds paid by some private banks to influential parties, in order to dismiss files relating to the corruption of those banks, and the resulting smuggling, laundering and bleaching of funds.

The absence of banking supervision is a real threat to national economic security, and poses a threat to the national process, and this is a result of the continued depletion of funds Iraq at an auction sale gap currency leaking billions of dollars.

According to the reports of the committees concerned or disclosed by politicians, the sales of the currency auction amounted from two thousand and three to two and sixteen, more than four hundred and ten billion dollars ,. About 40 private banks participate in the sale window, 80 percent of which contribute to the smuggling of funds abroad.

The figures released by former Finance Committee Chairman Ahmad Chalabi reveal that the US currency sales to private banks amounted to about three hundred and twelve billion dollars. While the money smuggled through the gate of private banks since the two thousand four and up to two thousand and thirteen valued at one hundred and thirty billion dollars.

Perhaps the most controversial deals, is the collusion of a private bank with another government smuggling about two billion dollars out of Iraq . A file has caused controversy in government circles, which pushes towards a campaign organized by the Anti-Corruption Council to eradicate the risk of currency smuggling and fill the gap of these banks.

You can view the full report in the video attached above.

[6ly410]

Video: Economists call for activating banking supervision to reduce currency smuggling

Special Sumerian

2019-11-19 | 06:55

https://www.alsumaria.tv/news/خاص-السومرية/325412/بالفيديو-خبراء-اقتصاديون-يدعون-لتفعيل-الرقابة-المص

 

Expected calm, and huge funds paid by some private banks to influential parties, in order to dismiss files relating to the corruption of those banks, and the resulting smuggling, laundering and bleaching of funds.

The absence of banking supervision poses a real threat to national economic security and poses a threat to the national process. This is a result of the continued depletion of Iraq's money in the auction of selling the loophole currency from which billions of dollars are leaked.

 

 

 

According to the reports of the committees concerned or disclosed by politicians, the sales of the currency auction amounted from two thousand and three to two and sixteen, more than four hundred and ten billion dollars ,. About 40 private banks participate in the sale window, 80 percent of which contribute to the smuggling of funds abroad.

The figures released by former Finance Committee Chairman Ahmad Chalabi reveal that the US currency sales to private banks amounted to about three hundred and twelve billion dollars. While the money smuggled through the gate of private banks since the two thousand four and up to two thousand and thirteen valued at one hundred and thirty billion dollars.

 

Perhaps the most controversial deals, is the collusion of a private bank with another government smuggling about two billion dollars out of Iraq. A file has caused controversy in government circles, which is pushing for a campaign organized by the Anti-Corruption Council to eradicate the risk of currency smuggling and fill the gap of these banks.
 

You can view the full report in the video attached above.

Edited November 20, 2019 by 6ly410

[yota691]

The internalization of the employees ’salaries, internal, keeps the money tracks

Friday 20 December 2019 49

 

Baghdad / Al-Sabah 

 

A number of specialists in the economic affairs emphasized the importance of the Ministry of Interior’s initiation of localization of the salaries of its employees, by adopting advanced electronic payment mechanisms that limit all cases of fraud that accompany the salaries of the employees of the ministry, and also contribute to high flow in the money paths without complication or confusion, as well as expanding the culture of Online payment within the community.

Concerning the economic affairs, Haider Kazem Al-Baghdadi stressed that "salary settlement is accompanied by a set of facilities that must be provided by the banks concerned with this process, and here the beneficiary will have several options that stand at the most appropriate of them, but more importantly, the salaries of the ministry will reach those who are entitled to them without any confusion. Or rig. "

 

Encourage competition

He pointed to the importance of heading towards banks that adopt advanced technology and easy work mechanisms and can get the service from the nearest place, and this encourages banks to compete in order to provide the best to the citizen, as the development of payments leads to the development of the reality of cash dealings in the country.

 

Salary distribution

In turn, the financial affairs specialist Ghazi Al-Kinani said that "the shift towards electronic transactions is very important, and that the entry of security joints into the electronic service department ends the confusion that accompanies the distribution of salaries in their monetary form, where we find local companies that managed to advance electronic payment within the country 10 years ago, and today There are governmental and private banks that are competing to win the confidence of the public. "

He added that "the trend towards electronic payment must be accompanied by a set of advanced financial services approved in the countries of the developed world, and here it is necessary to choose the best in services, in order to enhance the spirit of competition among all the banks that entered the salary localization joint, and that the competition creates financial products Benefiting the beneficiary and the national economy. "

 

Wide slice

Raghad Nabil Al-Alusi, concerned with economic affairs, stressed "the need for Iraq to have the best advanced electronic payment systems that provide the service to the citizen wherever he goes," stressing that "we must actually move from monetary transactions to electronic", pointing out that "the Ministry of Interior directs towards the settlement of salaries An important step creates a culture of electronic dealing for a wide segment of society, and transfers the reality of financial transactions to advanced stages that rise to globalization.

 

All associate

Interior Minister Dr. Yassin Taher Al-Yasiri recently approved the settlement of the salaries of employees of the ministry.

A statement quoted by the minister as saying that "the employees of the Ministry of the Interior have made great sacrifices over the past years in order for the Iraqi people to enjoy security and peace", pointing out that "a number of banks have been contracted out by the central bank to settle the salaries of all workers in this ministry." , Pointing out that the work will start after issuing the electronic cards and granting them to our affiliates.

Al-Yasiri explained that "the resettlement procedure came after organizing a number of meetings with officials and holding a conference in the General Secretariat of the Council of Ministers," noting that "the banks that were contracted with are the Rafidain and Rashid and international and international development and the Iraqi civil and southern Islamic and the Islamic world."

The Rafidain Bank announced that the employees of the endemic Ministry of the Interior would include their salaries with advances and loans, and only those who hold a Master Card from the bank.

A statement by the bank stated, "Al-Sabah" received a copy of it, that "employees of the Ministry of Interior, when choosing the Rafidain Bank to localize their salaries and obtain an electronic card, are covered by the loans and advances granted by the bank."

[yota691]

Banking commitment and the political position .. Ahmed Al-Hajj

2020-01-10

Ahmad Al-Hajj wrote:

The political position differs from the obligatory position of the international banking system, where our political stances may be different with a country, but it is impossible for us not to adhere to the global banking system, which is managed by either the World Bank, the International Monetary Fund, or the World Trade Organization, which is run directly by America.

 

The political position differs from the obligatory position of the international banking system, where our political stances may be different with a country, but it is impossible for us not to adhere to the global banking system, which is managed by either the World Bank, the International Monetary Fund or the World Trade Organization, which is run by America directly pic. twitter.com/s2yO7m1Rgs

- Ahmed Al haj (@ AhmedAL05628953) January 10, 2020