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Central Bank fined four government banks, one of them in the amount of forty million dinars
02/27/2013 - 4:00 pm | Hits: 38
Central Bank of Iraq, on Wednesday, he was fined four banks, one government $ 40 million theft case, pointing out that those banks did not take caution in banking transactions.
The bank said in a statement posted on his website that he "was fined each of the Rafidain Bank Ministry of Finance's three banks eligibility is north of Baghdad and the economy $ 40 million, on the back of stealing money from the Rafidain Bank through fraud," noting that "each bank of these four banks will pay the sum of ten million dinars. "
The bank added that "these banks bucked the instructions for verifying the identity of the client," adding, "it did not take caution and due diligence in conducting financial transactions based on the Law of the anti-money laundering No. 93 of 2004 and the Banking Act No. 94 of 2004."
The increased recently, especially after the 2003 theft and fraud in both banks of their staff or customers and, most recently, in the 12 of February 2013, the major cases of embezzlement amount exceeded 15 billion dinars carried out by an employee at the Rasheed Bank.
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