Association of Banks: Money Laundering Act would give private banks a global confidence
Association of Banks: Money Laundering Act would give private banks a global confidence
01/07/2015 10:29 GMT
Follow-up – and babysit – confirmed the Iraqi private banks association, on Wednesday, that the adoption of Money Laundering Act will give confidence to the global private banks.
The head of the Association of private banks and the depositary of bitter melon in a statement received news agency public opinion (and babysit) a copy of it, that “the approval of the Council of Ministers the draft Anti-Money Laundering Act and the financing of terrorism of important laws and support for the banking sector,” noting that “this law will provide frameworks, concepts and judgments that It enables the central bank, the judiciary and the relevant authorities of the use of appropriate tools to combat money laundering and terrorist financing and the development of a deterrent for such practices. ”
He said Handal said, “This law will give the world confidence in foreign dealings with Iraqi banks,” pointing out that “all the member banks of the Association is keen to abide by the law if the legislation because of the subject of the importance of a direct impact on the economy and society, especially in the current stage.”
He explained that the “Hama law legislation avoids entering Iraq including black list, if it was passed by Parliament in the near future.”
alrayy.com
