Central Bank signed a memorandum with Britain to develop anti-money laundering and terrorist financing procedures

Economy News _ Baghdad

Central Bank of Iraq signed Tuesday a memorandum of understanding with Britain to develop anti-money laundering and terrorist financing procedures.

The bank said in a statement obtained “Economy News” a copy of it, “The Governor of the Central Bank on the Keywords signed with the British ambassador to Iraq, Frank Baker, a memorandum of understanding aimed at developing and supporting anti-money laundering measures and the financing of terrorism.”

The bank said that “the agreement signed today, include the provision of a grant from the British side of the Iraqi Central Bank, which in turn Sa_khassa to support efforts in the field of combating money laundering and terrorist financing through the organization of courses and workshops to develop capabilities in cooperation with specialized international institutions.”
And established the Central Bank of Iraq as an independent institution under the law issued on the sixth of March 2004, an independent body which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rates and management of foreign reserves and the issuance of currency management policies, as well as to regulate the banking sector to promote the system competitive financial and independent.


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 )

Google+ photo

You are commenting using your Google+ 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 )


Connecting to %s