CBI News 02/09/2022

[yota691]

The Center for Banking Studies organizes a symposium on removing Iraq from the European Union's list of high-risk countries

 

  

February 09, 2022

 

The Center for Banking Studies organizes a symposium on removing Iraq from the European Union's list of high-risk countries 

 

The Center for Banking Studies at the Central Bank of Iraq organized a symposium in which it discussed the process of removing Iraq from the European Union's list of high-risk countries and the consequences thereof.
The symposium, which was attended by Dr. Ali Muhammad Jawad, an expert in the field of combating money laundering and terrorist financing, reviewed the efforts of the Central Bank, the Anti-Money Laundering and Terrorist Financing Council, the Anti-Money Laundering and Terrorist Financing Office, and other parties, in removing the name of Iraq from the European Union’s list of high-risk countries and requirements. International Banking Sector in Compliance and Anti-Money Laundering and Terrorist Financing.
He pointed out that "everyone has begun to sense the importance of combating money laundering and terrorist financing, as well as the presence of international bodies that follow up the procedures and steps that we follow on a regular basis," revealing a "field visit next year to the FATF Financial Action Group for the mutual evaluation of the Republic of Iraq and procedures for addressing deficiencies in the past years." By completing the laws and instructions that we started working on ,
he stressed that "international standards in combating money laundering and terrorist financing began to evolve and add to follow up on other non-financial sectors."
central banks.

 

Central Bank of Iraq
Media Office
9 - February - 2022

 

[yota691]

Hopefully more news on this meeting. GM DV

[Fairways&Greens]

We can all imagine Iraq dragging their feet even after all restrictions are removed…but once they are approved and accepted into the international banking scene, there will be no turning back. In fact, they will be required to have an internationally recognized value on their currency. Either you are in or out once you go international.  The only choice Iraq will have is what the rate will be (probably with guidance from the WB and IMF) 

 

No more studies

No more meetings

No more politics

No more obstruction 

Just their currency floating on forex. 

 

[Dretown39]

Yep and to add to that..if Iraq don't add value to their currency (which they will) the IMF will add value to it themselves & takeover the management rights. Either way we're good.