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Association of Banks: legislation money laundering law gives the confidence of global private banks
July 1, 2015 13:32
(Independent) .. Iraqi private banks association confirmed that the Council of Ministers to approve the money laundering law gives the confidence of global private banks, among the banks to comply with the law.
The head of the Association of private banks and the depositary of bitter melon in a statement, that the adoption of the Council of Ministers draft anti-money laundering law and terrorism financing of important laws and support for the banking sector, pointing out that this law will provide frameworks, concepts and provisions that enable the central bank, the judiciary and the relevant authorities to use the proper tools to combat money laundering and the financing of terrorism and the development of a deterrent for such practices and that this law will give a "global confidence in foreign dealings with Iraqi banks."
He said Handal said all banks ASEAN member eager to abide by the law if the legislation to the subject of the importance of direct impact on the economy and society, especially at the current stage as the Hama legislation law avoids Iraq enter from the blacklist if it was passed by Parliament in the near future .
It is said that Governor of the Central Bank on the Keywords had praised on Tuesday the Cabinet's decision to vote on the draft law presented by the Central Bank, which has been developed according to the latest international standards and agreements and coordinate directly with the World Bank and the Financial Action Task Force and international organizations also thanked the Governor of the State Consultative Council for his contribution actors for the duration of Aaadadalparwa ..oday Mr. conservative House of Representatives to give priority to pass the law
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July 1, 2015 13:32
(Independent) .. Iraqi private banks association confirmed that the Council of Ministers to approve the money laundering law gives the confidence of global private banks, among the banks to comply with the law.
The head of the Association of private banks and the depositary of bitter melon in a statement, that the adoption of the Council of Ministers draft anti-money laundering law and terrorism financing of important laws and support for the banking sector, pointing out that this law will provide frameworks, concepts and provisions that enable the central bank, the judiciary and the relevant authorities to use the proper tools to combat money laundering and the financing of terrorism and the development of a deterrent for such practices and that this law will give a "global confidence in foreign dealings with Iraqi banks."
He said Handal said all banks ASEAN member eager to abide by the law if the legislation to the subject of the importance of direct impact on the economy and society, especially at the current stage as the Hama legislation law avoids Iraq enter from the blacklist if it was passed by Parliament in the near future .
It is said that Governor of the Central Bank on the Keywords had praised on Tuesday the Cabinet's decision to vote on the draft law presented by the Central Bank, which has been developed according to the latest international standards and agreements and coordinate directly with the World Bank and the Financial Action Task Force and international organizations also thanked the Governor of the State Consultative Council for his contribution actors for the duration of Aaadadalparwa ..oday Mr. conservative House of Representatives to give priority to pass the law
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