Rafidain Bank: (20) additional branches join the anti-money laundering and counter-terrorism financing system
Rafidain Bank: (20) additional branches join the anti-money laundering and counter-terrorism financing system
2025-12-14
Rafidain Bank announced today, Sunday, the addition of (20) additional branches to the Anti-Money Laundering and Counter-Terrorism Financing System. A statement from the bank stated that, “Under the auspices of the Director General of Rafidain Bank, Ali Karim Hussein, Rafidain Bank, represented by the Anti-Money Laundering and Counter-Terrorism Financing Reporting Department, announced the addition of (20) additional branches to the Anti-Money Laundering and Counter-Terrorism Financing (AML) System, as part of its phased plan to expand the application of advanced control systems in all its branches.”
He also explained that “this development comes within the framework of the institutional strategy of Al-Rafidain Bank, which aims to strengthen the financial security system and raise the levels of integrity and transparency in daily banking operations, in line with the requirements of good governance and risk management.”
The bank affirmed that “adopting this advanced system reflects its serious commitment to applying internationally recognized standards in the field of combating financial crimes, particularly compliance requirements, customer due diligence (CDD/KYC), and managing money laundering and terrorist financing risks, as well as moving forward with updating technological and supervisory structures, in order to ensure the protection of customers’ funds, enhance confidence in the banking institution, and improve the quality of services provided.”
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