The Central Bank performs periodic assessment of the banks operating in the country
The Central Bank performs periodic assessment of the banks operating in the country
2017/6/1 14:51
{Baghdad: Euphrates News} completed the Iraqi Central Bank periodic assessment of the banks operating in the country in terms of its compliance with anti-money rules and instructions of the external conversion adopted by the Bank since 1/1/2017 according to the standards have been developed in consultation with the Office of international scrutiny laundering law.
According to the Information Office of the Central Bank of Iraq Acer Jabbar Director in a press statement received by the agency {Euphrates News} a copy of it today , “it has resulted in the application of those standards to a great stimulus for banks to create configurations and the application of new rules as well as the use of international offices specialized for the development of banking procedures, and received the program applied by the Bank Central praise from the international financial institutions to the achievements of effective control and high transparency in the information and data that requires banks to be provided to promote and document conversion processes. ”
He added , “The Central Bank regularly reviews the banks re – evaluated according to the indicators of adherence to standards, the bank has allowed banks by making observations on the steps of the evaluation and consideration by a committee of the highest levels in the bank and to correct any paragraph prove entitlement to the bank for it.”
He said Jabbar “as the bank would like to mention that he performed this work have been put sell the currency on the basis of legal rules and according to precise criteria from its role in strengthening oversight and supervision of the window , which pledged by the bank ‘s board in front of the Finance Committee in the House of Representatives before the implementation of the plan, which praised the role the new procedures in this regard , “.anthy
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