Al-Rafidain launches the electronic system to combat money laundering and terrorist financing
Al-Rafidain launches the electronic system to combat money laundering and terrorist financing
3-2-2023
Information / Baghdad..
Al-Rafidain Bank, Al-Khamis, announced the launch of the electronic system to combat money laundering and terrorist financing.
In a statement received by the bank, the bank’s media stated that the bank “opened 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, “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, knowing the names of the banned, and protecting 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.
almaalomah.me
