Baghdad – IA – Hassan Al-Fawaz
The top of the Iraqi Non-public Banks Affiliation, Wadih Al-Handal, confirmed right now, Wednesday, the hassle to open extra prospects for work with correspondent banks, whereas indicating that the joint committee with the American aspect relating to the banking sector will start its work subsequent month.
Al-Handal advised the (INA): “The Prime Minister’s current go to to the US of America had an amazing affect on the understanding with the American aspect,” indicating that “what’s necessary on this understanding is the formation of the committee, which can start its first conferences at first of subsequent June.” .
He added, “We’re very optimistic about this committee, which shall be involved with correcting the state of affairs and returning the banking sector as a lot as doable to what it was, together with coping with correspondent banks and different clear factors on the Central Financial institution of Iraq, together with compliance and coaching of human cadres, together with necessities associated to cash laundering.”
He continued, “What was talked about above is adopted by correspondent banks, along with the requirements of disclosure and transparency of sources of funds, and these are the ABCs recognized in banking, and we really feel all of the seriousness and have nice confidence within the method of the Prime Minister and the Central Financial institution of Iraq to that,” stating, “We’re working within the banking sector at present.” “To open extra horizons for working with correspondent banks.”