Central Bank: We seek to facilitate proper access to foreign currency

[yota691]

Al-Rafidain launches the electronic system to combat money laundering and terrorist financing

2023.03.02 - 15:27

 

Baghdad - people  

Al-Rafidain Bank launched, on Thursday, the electronic anti-money laundering and terrorist financing system "AML & GOAML".  

  

 

  

The bank said in a statement that “NAS” received a copy of it, (March 2, 2023), that “in implementation of the directives of the Central Bank of Iraq and in compliance with and implementation of international standards and requirements and instructions issued by the Office of Combating Money Laundering and Terrorist Financing, the general manager of the bank inaugurated the electronic search and investigation system for combating money laundering.” and terrorist financing.  

  

He explained that "the system was completed by a specialized company, in cooperation and coordination with the Money Laundering Reporting Division in the bank, in accordance with local and international requirements."  

  

He pointed out that "the system, which was implemented for the first time in the bank, allows it to be used to link the local and international ban lists electronically, knowing the names of the banned, and protecting the bank and its financial accounts from people on the ban lists for the purpose of monitoring suspicious financial transactions and reporting them to the Anti-Money Laundering and Terrorist Financing Office."  

  

And the bank indicated that the system is "concerned with receiving reports and financial data through electronic linkage with all agencies obligated to report, whether local or international, exchanging information with law enforcement agencies, and standing up on suspicions of money laundering and terrorist financing."  

[yota691]

Al-Rafidain launches the electronic system to combat money laundering and terrorist financing

• Time: 03/02/2023 15:23:49
•  
• Read: 611 times

  

{Economic: Al Furat News} Rafidain Bank launched today, Thursday, the electronic system to combat money laundering and terrorist financing "AML & GOAML".

 

A statement of the bank, received by {Euphrates News}, stated, "In implementation of the directives of the Central Bank of Iraq, in compliance with and implementation of international standards and requirements, and the instructions issued by the Office of Combating Money Laundering and Terrorist Financing, the general manager of the bank opened the electronic research and investigation system for combating money laundering and terrorist financing." 

 

The statement indicated that "the system was completed by a specialized company, in cooperation and coordination with the Money Laundering Reporting Division in the bank, in accordance with local and international requirements." 

 

He pointed out that "the system, which was implemented for the first time in the bank, allows it to be used to link the local and international ban lists electronically, knowing the names of the banned, and protecting the bank and its financial accounts from people on the ban lists for the purpose of monitoring suspicious financial transactions and reporting them to the Anti-Money Laundering and Terrorist Financing Office." 

 

And the bank indicated that the system is "concerned with receiving reports and financial data through electronic linkage with all agencies obligated to report, whether local or international, exchanging information with law enforcement agencies, and standing up on suspicions of money laundering and terrorist financing."  

[yota691]

Al-Rafidain launches the electronic system to combat money laundering and terrorist financing

 2023/03/02

 

 1258

 

Baghdad / resource news

 

Today, Thursday, Al-Rafidain Bank announced the launch of the electronic system to combat money laundering and terrorist financing.

A statement by the bank stated that, "In implementation of the directives of the Central Bank of Iraq and in compliance with and implementation of international standards and requirements and instructions issued by the Office of Combating Money Laundering and Financing of Terrorism, and under the auspices and supervision of the Director General of the Rafidain Bank, Ali Karim, the electronic search and investigation system for combating money laundering and terrorist financing was opened."

He added, "The system was implemented by a specialized company, with the cooperation and coordination of the Money Laundering Reporting Division in the bank, in accordance with local and international requirements."

And he continued, "The electronic system, which was implemented for the first time in the bank, allows it to be used to link the local and international ban lists electronically, to know the names of those banned, and to protect the bank and its financial accounts from people within the ban lists for the purpose of monitoring suspicious financial transactions and reporting them to the Anti-Money Laundering and Terrorist Financing Office, which is concerned with receiving reports and data." Finance through electronic linkage with all agencies required to report, whether local or international, exchange information with law enforcement agencies, and stand on suspicion of money laundering and terrorist financing.

[yota691]

Al-Rafidain Bank launches the electronic system to combat money laundering and terrorist financing

 

March 2, 2023

Baghdad / Obelisk: Al-Rafidain Bank announced, on Thursday, the launch of the electronic system to combat money laundering and terrorist financing.

The bank said in a statement, “In implementation of the directives of the Central Bank of Iraq and in compliance with and application of international standards and requirements and instructions issued by the Office of Combating Money Laundering and Financing of Terrorism, and under the auspices and supervision of the Director General of the Rafidain Bank, Ali Karim, the Director General of the bank inaugurated the electronic search and investigation system for combating money laundering and terrorist financing.” Which was accomplished by a specialized company, with the cooperation and coordination of the Money Laundering Reporting Division in the bank, in accordance with local and international requirements.”

He added, “This electronic system, which was implemented for the first time in the bank, can be used to link the local and international ban lists electronically, to know the names of the banned, and to protect the bank and its financial accounts from people within the ban lists for the purpose of monitoring suspicious financial transactions and reporting them to the Anti-Money Laundering and Terrorist Financing Office, which is concerned with receiving reports.” And financial data via electronic linkage with all agencies obligated to report, whether local or international, exchange information with law enforcement agencies, and stand on suspicion of money laundering and terrorist financing.

[screwball]

13 hours ago, yota691 said:

He pointed out that "the system, which was implemented for the first time in the bank, allows it to be used to link the local and international ban lists electronically

Nice..👏⏰💥

[screwball]

13 hours ago, yota691 said:

A statement of the bank, received by {Euphrates News}, stated, "In implementation of the directives of the Central Bank of Iraq, in compliance with and implementation of international standards and requirements,

 

[6ly410]

 

Central Bank: This year will witness a great development in the banking sector and the electronic payment process

Posted 9 seconds ago

/ Central Bank: The current year will witness a great development of the banking sector and the electronic payment process - Iraq news (iraqakhbar-com.translate.goog)

news source /Iraqi media news agency "INA"

/ Baghdad / Follow-up

The Central Bank announced, on Saturday, that the current year will witness a “significant, remarkable and tangible” development in the banking sector, while confirming the existence of a clear commitment to the anti-money laundering law.

The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said in a speech during the forum and exhibition of banking and commercial services for merchants and businessmen, followed by (Iraqi Information News Agency /) that “the banking sector is witnessing clear reforms that started from the pressure of external transfers,” noting that “we are continuing reforms at all levels.” And there is a reform in electronic payment,” according to the official agency.

He added, “The state’s approach in general is to use cash devices and reduce the use of cash in the process of exchanging the banking sector, which suffers from some old problems,” noting that “the Central Bank continues in the reform process with these challenges that direct public and private banks that have an important role.” in meeting the needs of the banking sector.

And he continued, “The Central Bank has worked on facilities for financing merchants and external transfer of trade, and there is a clear commitment in the anti-money laundering law to finance terrorism,” noting that “the banking sector is the main sector in any economic development, and the infrastructure in the financial sector is a basic pillar in any economic development and growth”.

He pointed out that “the current year will witness a significant, remarkable and tangible development for the banking sector and the electronic payment process,” noting that “there are extensive measures within the powers of the Central Bank, but there is also an important aspect that falls on the ground that needs legislation, and therefore the issue of the exchange rate that concerns all citizens.” Its stability is everyone’s responsibility.”

And he stressed, “The central bank works, legislates, and issues instructions and orders to facilitate proper access to foreign currency, whether they are travelers or merchants,” pointing out that “this meeting will be the beginning of continuous communication between the real sector and the banking sector to reduce the challenges and problems facing the two sectors, and we will be present as a central bank.” And listen to any challenges and overcome all difficulties.

[6ly410]

CBI talks about reforms in electronic payments and the banking sector

2023.03.04 - 11:53

CBE talks about reforms in electronic payments and the banking sector (nasnews.com)

  

Baghdad - Nas  

The Central Bank announced on Saturday that this year will witness the development of the banking sector, pointing to the trend to use monetary devices and reduce cash.  

  

  

The Assistant Governor of the Central Bank, Ammar Hamad Khalaf, said in a speech during the Banking and Commercial Services Forum and Exhibition for Traders and Businessmen, quoted by the official agency and his follower "NAS", (March 4, 2023), that "the banking sector is witnessing clear reforms that started from the pressure of foreign transfers", indicating that "we are continuing reforms at all levels, and there is a reform in electronic payment."  

  

Khalaf added, "The state's orientation in general in the use of monetary devices and reduce the use of cash in the process of exchanging the banking sector, which suffers from some old problems," noting that "the Central Bank is continuing the reform process with these challenges that guide public and private banks that have an important role in meeting the needs of the banking sector."  

  

He added that "the Central Bank has worked on facilities for traders of financing and external transfer of trade, and there is a clear commitment in the Anti-Money Laundering Law to finance terrorism," pointing out that "the banking sector is the main sector in any economic development, and the infrastructure in the financial sector is a key pillar of any economic development and growth."  

  

Khalaf said that "this year will witness a significant, remarkable and tangible development of the banking sector and the electronic payment process," pointing out that "there are extensive procedures within the powers of the Central Bank, but there is also an important aspect that falls on the ground that needs legislation, and therefore the issue of the exchange rate, which occupies all citizens and its stability, is everyone's responsibility."  

  

He stressed that "the Central Bank works, legislates and issues instructions and orders to facilitate proper access to foreign currency, whether they are travelers and traders," pointing out that "this meeting will be the beginning of continuous communication between the real sector and the banking sector to reduce the challenges and problems facing the two sectors, and we will be present as a central bank and listen to any challenges and overcome all difficulties."  

[6ly410]

CBI Announces Reforms in Electronic Payments and Banks

Economy | Today, 11:41 | 

The Central Bank announces reforms in electronic payment operations and banks » Baghdad Today News Agency

 

 

Baghdad Today - Baghdad

The Central Bank announced on Saturday a package of reforms in electronic payment operations and the banking sector, indicating that the current year will witness a significant, remarkable and tangible development of the banking sector.

Assistant Governor of the Central Bank Ammar Hamad Khalaf said in a speech during the forum and exhibition of banking and commercial services for traders and businessmen: "The banking sector is witnessing clear reforms that started from the pressure of foreign transfers," noting that "we are continuing reforms at all levels, and there is a reform in electronic payment."

He added that "the state's orientation in general in the use of cash devices and reduce the use of cash in the process of exchanging the banking sector, which suffers from some old problems," noting that "the Central Bank is continuing the reform process with these challenges that guide public and private banks that have an important role in meeting the needs of the banking sector."

He explained that "the Central Bank has worked on facilities for traders of financing and external transfer of trade, and there is a clear commitment in the Anti-Money Laundering Law to finance terrorism," pointing out that "the banking sector is the main sector in any economic development, and the infrastructure in the financial sector is a fundamental pillar of any economic development and growth."

He pointed out that "this year will witness a significant, remarkable and tangible development of the banking sector and the electronic payment process," pointing out that "there are extensive procedures within the powers of the Central Bank, but there is also an important aspect that falls on the ground in need of legislation, and therefore the issue of the exchange rate, which occupies all citizens and its stability, is everyone's responsibility."

Khalaf pointed out that "the Central Bank works, legislates and issues instructions and orders to facilitate proper access to foreign currency, whether they are travelers and traders," pointing out that "this meeting will be the beginning of continuous communication between the real sector and the banking sector to reduce the challenges and problems facing the two sectors, and we will be present as a central bank and listen to any challenges and overcome all difficulties."

 

[6ly410]

CBI announces a package of reforms in electronic payments and the banking sector

Today 12:00

CBE Announces Package of Reforms in Electronic Payments and the Banking Sector | Information (almaalomah-me.translate.goog)

 

Information/Baghdad ...

The Central Bank announced on Saturday that this year will witness a significant, remarkable and tangible development of the banking sector, and while referring to the trend to use cash devices and reduce cash, it confirmed a clear commitment in the Anti-Money Laundering Law.

Assistant Governor of the Central Bank Ammar Hamad Khalaf said in a speech during the forum and exhibition of banking and commercial services for traders and businessmen, that "the banking sector is witnessing clear reforms that started from the pressure of foreign transfers," noting that " We are continuing reforms at all levels, and there is a reform in electronic payment.”

He added that "the state's orientation in general in the use of cash devices and reducing the use of cash in the process of exchanging the banking sector, which suffers from some old problems," noting that "the Central Bank is continuing the reform process with These challenges guide public and private banks to have an important role in meeting the needs of the banking sector.

He added that "the Central Bank has worked on facilities for traders of financing and external transfer of trade, and there is a clear commitment in the Anti-Money Laundering Law to finance terrorism," pointing out that "the banking sector is the main sector In any economic development, and the infrastructure in the financial sector is a key pillar of any economic development and growth.

He stated that "this year will witness a significant, remarkable and tangible development of the banking sector and the electronic payment process," pointing out that "there are extensive procedures within the powers of the Central Bank, but there is also an important aspect on the ground that needs legislation, and therefore the issue of the exchange rate, which occupies all citizens and its stability, is everyone's responsibility.

He stressed that "the Central Bank works, legislates and issues instructions and orders to facilitate proper access to foreign currency, whether they are travelers and traders," pointing out that "this meeting will be the beginning of continuous communication between the real sector and the banking sector to reduce the challenges and problems facing the two sectors, and we will be present as a central bank and listen to any challenges and overcome all difficulties.”

[yota691]

The Central Bank talks about reforms in electronic payment operations and the banking sector

2023.03.04 - 11:53

like0 

 

  

Baghdad - people  

The Central Bank announced, on Saturday, that the current year will witness a development in the banking sector, pointing to the tendency to use cash machines and reduce cash.  

  

 

  

  

The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said in a speech during the forum and exhibition of banking and commercial services for merchants and businessmen, which was reported by the official agency and followed by "NAS", (March 4, 2023), that "the banking sector is witnessing clear reforms that began with the pressure of external transfers." Noting, "We are continuing reforms at all levels, and there is a reform in electronic payment."  

  

Khalaf added, "The state's orientation in general is to use cash devices and reduce the use of cash in the process of exchanging the banking sector, which suffers from some old problems," noting that "the Central Bank continues in the reform process with these challenges that direct public and private banks that have a role." important in meeting the needs of the banking sector.  

  

He continued, "The Central Bank has worked on facilities for financing merchants and external transfer of trade, and there is a clear commitment in the Anti-Money Laundering Law to Financing Terrorism," pointing out that "the banking sector is the main sector in any economic development, and the infrastructure in the financial sector is a fundamental pillar of any development." and economic growth."  

  

Khalaf stated, "The current year will witness a significant, remarkable and tangible development for the banking sector and the electronic payment process," pointing out that "there are extensive procedures within the powers of the Central Bank, but there is also an important aspect that falls on the ground in need of legislation, and therefore the issue of the exchange rate that occupies every Citizens and its stability is everyone's responsibility.  

  

He stressed that "the Central Bank works, legislates, and issues instructions and orders to facilitate proper access to foreign currency, whether they are travelers or merchants," pointing out that "this meeting will be the beginning of continuous communication between the real sector and the banking sector to reduce the challenges and problems facing the two sectors, and we will be present as a central bank and listen." to any challenges and overcoming all odds.  

[yota691]

Central Bank: This year will witness a great development in the banking sector and the electronic payment process

Economy| 11:39 - 04/03/2023

 

 

 

 

Baghdad - Mawazine News
The Central Bank announced, on Saturday, that the current year will witness a "big, remarkable and tangible" development in the banking sector, while confirming the existence of a clear commitment in the anti-money laundering law.

The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said in a speech during the forum and exhibition of banking and commercial services for merchants and businessmen, that "the banking sector is witnessing clear reforms that started from the pressure of external transfers," noting that "we are continuing reforms at all levels, and there is a reform in electronic payment." , according to the official agency.

He added, "The state's orientation in general is to use cash devices and reduce the use of cash in the process of exchanging the banking sector, which suffers from some old problems," noting that "the Central Bank continues in the reform process with these challenges that direct public and private banks that have an important role." in meeting the needs of the banking sector.

And he continued, "The Central Bank has worked on facilities for financing merchants and external transfer of trade, and there is a clear commitment in the Anti-Money Laundering Law for Financing Terrorism," pointing out that "the banking sector is the main sector in any economic development, and the infrastructure in the financial sector is a fundamental pillar of any economic development and growth.

He pointed out that “the current year will witness a significant, remarkable and tangible development for the banking sector and the electronic payment process,” noting that “there are broad procedures within the powers of the Central Bank, but there is also an important aspect that falls on the ground that needs legislation, and therefore the issue of the exchange rate that concerns all citizens.” Its stability is everyone's responsibility."

He stressed, "The Central Bank works, legislates, and issues instructions and orders to facilitate proper access to foreign currency, whether they are travelers or merchants," pointing out that "this meeting will be the beginning of continuous communication between the real sector and the banking sector to reduce the challenges and problems facing the two sectors, and we will be present as a central bank." And listen to any challenges and overcome all difficulties. Ended 29/N33

[yota691]

Central Bank: We seek to facilitate proper access to foreign currency

 4 hours ago

406

 

The Central Bank announced, today, Saturday, that the current year will witness a significant, remarkable and tangible development for the banking sector, and while it indicated the tendency to use cash machines and reduce cash, it confirmed the existence of a clear commitment in the Anti-Money Laundering Law.

 

The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said in a speech during the forum and exhibition of banking and commercial services for merchants and businessmen, that “the banking sector is witnessing clear reforms that started from the pressure of external transfers,” noting that “we are continuing reforms at all levels, and there is a reform in electronic payment.” .

 

And he added, “The state’s orientation in general is to use cash devices and reduce the use of cash in the process of exchanging the banking sector, which suffers from some old problems,” noting that “the central bank continues in the reform process with these challenges that direct public and private banks that have an important role in meet the needs of the banking sector.

And he continued, “The Central Bank has worked on facilities for financing merchants and external transfer of trade, and there is a clear commitment in the anti-money laundering law to finance terrorism,” noting that “the banking sector is the main sector in any economic development, and the infrastructure in the financial sector is a fundamental pillar of any development.” and economic growth.”

 

He stated that “the current year will witness a significant, remarkable and tangible development for the banking sector and the electronic payment process,” noting that “there are extensive measures within the powers of the Central Bank, but there is also an important aspect that falls on the ground in need of legislation, and therefore the issue of the exchange rate that occupies all citizens and its stability Everyone's responsibility.”

 

And he stressed that “the Central Bank works, legislates, and issues instructions and orders to facilitate proper access to foreign currency, whether they are travelers or merchants,” noting that “this meeting will be the beginning of continuous communication between the real sector and the banking sector to reduce the challenges and problems facing the two sectors, and we will be present as a central bank and listen.” To any challenges and overcoming all odds.

Khalaf thanked “Prime Minister Muhammad Shia’a al-Sudani for his continuous support, communication and meetings with various sectors.”

[yota691]

The Central Bank announces a package of reforms in electronic payment operations and the banking sector

• Today 12:00

 

Information/Baghdad...

The Central Bank announced, on Saturday, that the current year will witness a significant, remarkable and tangible development for the banking sector, and while it indicated the tendency to use cash machines and reduce cash, it confirmed the existence of a clear commitment in the anti-money laundering law.

The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said in a speech during the forum and exhibition of banking and commercial services for merchants and businessmen, that "the banking sector is witnessing clear reforms that started with the pressure of external transfers," noting that "we are continuing reforms at all levels, and there is a reform in electronic payment." .

He added, "The state's orientation in general is to use cash devices and reduce the use of cash in the process of exchanging the banking sector, which suffers from some old problems," noting that "the Central Bank continues in the reform process with these challenges that direct public and private banks that have an important role in meet the needs of the banking sector.

He continued, "The Central Bank has worked on facilities for financing merchants and external transfer of trade, and there is a clear commitment in the Anti-Money Laundering Law to Financing Terrorism," pointing out that "the banking sector is the main sector in any economic development, and the infrastructure in the financial sector is a fundamental pillar of any development." and economic growth."

He stated that "the current year will witness a significant, remarkable and tangible development for the banking sector and the electronic payment process," pointing out that "there are extensive measures within the powers of the Central Bank, but there is also an important aspect that falls on the ground in need of legislation, and therefore the issue of the exchange rate that occupies all citizens and its stability Everyone's responsibility."

He stressed that "the Central Bank works, legislates, and issues instructions and orders to facilitate proper access to foreign currency, whether they are travelers or merchants," pointing out that "this meeting will be the beginning of continuous communication between the real sector and the banking sector to reduce the challenges and problems facing the two sectors, and we will be present as a central bank and listen." To any challenges and to overcome all difficulties.

[Gypsygirl11]

Your on fire Yota. I just want to know WHO OR WHAT platform ... is it cryptocurreny?

Edited March 4 by Gypsygirl11

[NEPatriotsFan1]

1 hour ago, Gypsygirl11 said:

Your on fire Yota. I just want to know WHO OR WHAT platform ... is it cryptocurreny?

Most countries are looking at switching to CBDC’s which are not technically crypto currencies but they should be able to Interoperate with Crypto for the cross border payments…. The cryptos will bridge the RTGS currencies. So you can send yuan to dollar near instantly. 
 

lots of the behind the scenes stuff has been being worked out for decades. There will be a level playing field at some point 

[NEPatriotsFan1]

The coins that will facility this are possibly xrp, Xlm, Algo, hbar, iota, QNT, xdc these are ISO20022 compliant just fyi 

 

[screwball]

CBDC are deep state agenda….payment systems using block chain technology and gold asset backed 

[NEPatriotsFan1]

2 hours ago, screwball said:

CBDC are deep state agenda….payment systems using block chain technology and gold asset backed 

I know, didn’t say I’m happy about it, just the way things seem to be playing out unfortunately 

[screwball]

1 hour ago, NEPatriotsFan1 said:

I know, didn’t say I’m happy about it, just the way things seem to be playing out unfortunately 

No one is happy mate…they worlds going to shite…earth quakes, wars, train derailments, forced vaccinations all because a few think they can rule the world…

[southbeach]

All signs of the end times.  God said all these things (not of God) would happen.

[Gypsygirl11]

23 hours ago, NEPatriotsFan1 said:

The coins that will facility this are possibly xrp, Xlm, Algo, hbar, iota, QNT, xdc these are ISO20022 compliant just fyi 

 

Ty, yes, I have 5 out of the 7 you listed....let's get this party started!

[Bama Girl]

8 hours ago, screwball said:

because a few think they can rule the world…

Unfortunately, a few are ruling the world through our governments and the darn United Nations. The U.S. better elect a good strong Conservative president in 2024 or we are doomed imho.

Check out the attendees of Davos recently and you will get a good idea who are shaping “our governments” behind the closed doors. Scary as all get out to me. 

Edited March 5 by Bama Girl

[Bama Girl]

17 hours ago, screwball said:

No one is happy mate

Ahh, I asked in another thread if you still live in Australia and your use of “mate” indicates to me you do. 😊

[screwball]

4 hours ago, Bama Girl said:

Ahh, I asked in another thread if you still live in Australia and your use of “mate” indicates to me you do. 😊

Yep…..moving around to avoid vaccine mandates…