Association of private banks assess the course of due diligence in opening accounts


 

Baghdad:
The Iraqi Association of private banks, on Monday, the start of a training session under the title of “due diligence in opening accounts and Know Your Customer KYC” in collaboration with the Integrated Solutions and with the participation of 74 employees in Iraqi banks.
The executive director of the Association of Private Banks, Ali Tariq, for “economy News”, “Association of private banks organized a training course lasts for two days, pointing out that” this session was held due to the growing interest in topics combating money laundering and the financing of terrorism and the process of opening accounts and taking due care which spelled Iraqi law and the instructions of the Central Bank of Iraq and the international norms, which is the main pillar and the gate to the fight against money laundering and the financing of terrorism.
He added that “the beneficiaries of the course are working in bank branches and sections of the ongoing compliance and anti-money laundering operations,” noting that “the session themes will be on the types of bank accounts and the mechanism of opening the accounts necessary documents and Know Your Customer (KYC) and the mechanism fill in the form and instructions of the anti-money laundering and the financing of terrorism law “.
The Association of private banks have set up several courses in the fight against money laundering and the financing of terrorism, also called on the Governor of the Central Bank on the Keywords earlier, private banks to the need to train banking staff on the latest means of combating money laundering and terrorism financing and risk management.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s