The Central Bank holds a workshop for the Anti-Money Laundering and Terrorist Financing Council

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The Anti-Money Laundering and Terrorist Financing Office, in cooperation with the Central Bank of Iraq, held a workshop on Thursday, May 11, 2023 entitled (Due Diligence Controls for Money Laundering and Terrorist Financing Reward for Registration No. 1 of 2022), see here the mechanism of buying and selling real estate for offices Trade at the headquarters of the Central Bank of Iraq, where he participated in the departments of the Central Bank of Iraq to combat money laundering and terrorist financing, and the official presence of banks, officials in the real estate registration department, authorized managers of private banks, and officials of the departments for reporting money laundering suspicions and compliance departments in private banks.

 

The workshop sought to create cooperation between the real estate registration departments and all licensed banks for the purpose of reducing the risks of this sector, limiting money laundering and terrorist financing operations, applying controls and facilitating implementation procedures, as well as the mechanism of buying and selling real estate that will be approved by banks and under the supervision of the Central Bank of Iraq, and stressing the importance of the role of All parties in strengthening measures to combat money laundering and terrorist financing.

 

The workshop demonstrated the importance of implementing the action plan contained in the National Risk Assessment Report, each according to its competence, and its importance in reflecting the efforts of the Republic of Iraq during the mutual evaluation process.

 

CBI

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