Duties of the Office of the Compliance Controller

Duties of the Office of the Compliance Controller

1. Verify and ensure that the Central Bank of Iraq, in all its formations, complies with laws, instructions and controls related to its business, as well as international and local requirements, and work to apply international best practices in the field of compliance and combating money laundering and terrorist financing in the Central Bank of Iraq.
2. Ensuring the commitment of the Central Bank of Iraq and banks and financial institutions to comply with local and international sanctions.
3. Monitoring the compliance of financial institutions operating in Iraq with the Tax Compliance Act (FATCA).
4. Identifying and evaluating compliance risks for the Central Bank of Iraq and setting up regulatory controls in cooperation with the Risk Management Department.
5. Contribute to the preparation of internal policies and procedures related to compliance, combating money laundering and terrorist financing, penalties, combating fraud and corruption, and any other related issues.
6. Providing training for the staff of the Central Bank of Iraq in the areas of compliance, combating money laundering, terrorist financing, sanctions, combating fraud and corruption ... etc. of related topics.