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Refinitiv partners with IPSTS Iraqna to enhance compliance with Iraq DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Refinitiv partners with IPSTS Iraqna to enhance compliance with Iraq

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Refinitiv partners with IPSTS Iraqna to enhance compliance with Iraq Empty Refinitiv partners with IPSTS Iraqna to enhance compliance with Iraq

Post by claud39 on Wed Mar 11, 2020 8:35 am

Refinitiv partners with IPSTS Iraqna to enhance compliance with Iraq


10/03/2020



Refinitiv partners with IPSTS Iraqna to enhance compliance with Iraq 19398





Economy News - Baghdad:

Refinitiv has partnered with IBTS Iraqna, a leading consulting firm in the field of financial crime training and the provision of information technology consulting in Iraq, to ​​provide Iraqi financial institutions with effective compliance services aimed at strengthening its risk reduction program in the area of ​​financial crime control .

As part of the partnership, the World Check database will provide Refinitive solutions for "know your customer" and information about anti-money laundering laws for Iraqi financial institutions and will help reduce their exposure to the risk of financial crime. This will increase the level of efficiency of financial institutions in complying with the recommendations of the Financial Action Group (FATF) and the global penal laws.

The lack of accurate data and reliable sources is a real challenge for identifying high-risk individuals and institutions in Iraq. Financial institutions lack access to training services in the areas of combating financial crimes such as maintaining sanctions lists, detecting persons at high risk, and accessing an effective compliance application. According to the results of the Revinitiative Report on Financial Crime in the MENA Region for 2019, 44% of respondents have been victims of financial crime in the past five years. While about 87% of them expect that the technology used by them will continue to develop during the next two years, while 70% expect an increase in investment in implementing compliance over the next two years.

Abdul Razzaq Muhammad Ali, General Manager of IBTS Iraqna Company said: “Today, Iraqna Company has registered a milestone by partnering with Refinitiv, a reputable and reliable organization known for combating financial crime, supporting compliance efficiency and developing solutions to organizational risks for companies at Global domain. "

He pointed out that the partnership aims to monitor the performance of financial institutions in Iraq in the fight against financial crime. He added: "We support the institutions that identify and reveal the individuals and entities included in the list of international sanctions and stop dealing with them. Since the founding of" IBTS Iraqna ", we are determined to achieve one of the main goals of the company that focuses on providing integrated training and consulting services in the field of combating financial crimes. Our partnership with Refinitiv completes our current awareness program to combat financial crime in Iraq.

Nadim Najjar, Managing Director of the Middle East and Africa at Refinit Company, said, “Our partnership with Iraq will benefit all financial institutions in Iraq, especially with increased local regulations and increased demand for risk and compliance solutions across the country. The partnership will also contribute to meeting The requirements and recommendations of the Financial Action Task Force for the Middle East and North Africa will enhance the vision of Iraq’s evaluation and classification at the international level. ”
 


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Refinitiv partners with IPSTS Iraqna to enhance compliance with Iraq Empty Iraqna Company for Economic, Management Consulting, Training and Information Technology LLC

Post by claud39 on Wed Mar 11, 2020 8:42 am

Iraqna Company for Economic, Management Consulting, Training and Information Technology LLC




Refinitiv partners with IPSTS Iraqna to enhance compliance with Iraq 400_5c14dccf59d74




[size=34]WHO ARE WE[/size]






Refinitiv partners with IPSTS Iraqna to enhance compliance with Iraq 800_5d78e3d23bb71

Iraqna Company for Economic, Management Consulting, Training and Information Technology LLC

The company was established in Baghdad / in 2013, according to the Companies Registrar Book
No. (Mesh-02-82934)
on March 27 2013 .

Among the goals of the company: -
1- Providing economic consultations in all fields, especially financial and banking.
2- Providing economic advice for private and public projects and companies, preparing economic feasibility studies, and providing economic advice for the slow projects for private and public companies.
3- Approving training and development in all economic fields, especially in the financial and banking fields.
4- Preparing studies and developing financial and accounting information systems.

Our company seeks to contribute to building an advanced Iraq in all fields, by raising the level of employee performance in institutions to the modern global level and updating policies and procedures in all areas of work for companies and institutions whose programs are prepared according to the best international contexts.

We always strive to develop our expertise in all fields to provide the best services and with complete independence to reach sustainable business growth in accordance with the best international standards and practices, in line with Iraqi legislation and laws and
our belief in the pivotal role of training in developing the work of Iraqi financial institutions, with what we have extensive experiences in the areas of training All under the supervision of consultants and specialized experts within the needs of Iraqi institutions and the requirements of international institutions in these areas.

Our consulting services were distinguished by leaving a mark on their excellence in every work entrusted to them by the Iraqi financial institutions to which we provided our advisory services, in order to adopt scientific standards in choosing our consultants and specialized experts.
Our company also provides its services to government agencies and private banks in all major professional fields through consultants who enjoy expertise and qualifications at the local and global levels, which makes them gain the trust and respect of their customers.
What includes our advisory services in the areas of: -

1- Economic feasibility study.
2- Preparing policies and work procedures for banks in accordance with international best practices.
3- The organizational and functional structure of financial institutions.
4- Job description cards,

joint cooperation



  • Center for Banking Studies - Central Bank of Iraq 
  • Consulting and Training Center - University of Jordan
  • Iraqi Private Banking Association 
  • AAOIFI - Accounting and Auditing Organization for Islamic Financial Institutions  
  • Origins for training and consulting 


 
Certificates of accreditation and training of the company in
the financial field: -
Our company is the only accredited agent in Iraq for the International Center (KRYTERION global testing solution) and
thus it provides certificates of accreditation and training in:

1- Certified Certified Specialist in Anti-Money Laundering and Terrorist Financing (CAMS)
issued by the Association of Specialists Accredited in the fight against money laundering and terrorist financing (ACAMS)

2- Certified Certified Specialist in Combating Financial Crime (CFCS)
issued by the Association of Certified Specialists in Combating Financial Crime (ACFCS)

Islamic Banking: -
Our company is an important tributary in the field of Islamic banking as the first to establish Course

1- Islamic banker certificate Certified (CIB) in Baghdad, issued by the General Council of
Islamic Banks and Financial Institutions (CIBAFI) and take their exams in cooperation
With Assoul Consulting Company.

2- An official educational partner of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) ..

Audit and oversight: -
1- Certified Internal Auditor (CIA) issued by the American Institute of Internal Auditors (IIA) in cooperation
with PRC (Powers Resources Corporation)
we provide it with a training system

2- Online Certification “Certified Specialist in Internal Control” (CICS)
in cooperation with Asoul Consulting Company,
the only representative in the Middle East of the American Institute for Internal Oversight (ICI)

Information Technology: -
Our company is an authorized agent of the International Center (Pearson VUE) and
thus The company is ready to receive those wishing to test to obtain the certificates To be accredited internationally in our accredited center and can provide accredited courses in the field of information technology such as
Cisco ccna 200-125 routing and switching certification and other required certificates in the Iraqi market.

E-Training: -
Our company offers an e-training system in a certified way:
- Salalam Platform: An integrated e-learning platform that equips 35 educational materials explained in the course system, the course duration does not exceed two minutes. At the end of each course there is a test (success / failure), and
a participant's certificate of success and success on his own account will be attained and printed.


https://cdn-cms.f-static.net/uploads/829489/normal_5d345cb83ed89.mp4



https://www.iraqna.co/
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Refinitiv partners with IPSTS Iraqna to enhance compliance with Iraq Empty Refinitiv partners with Iraqna IBTS to enhance regulatory compliance efficiency in Iraq

Post by claud39 on Wed Mar 11, 2020 8:49 am

MARCH 10, 2020


[size=32]Refinitiv partners with Iraqna IBTS to enhance regulatory compliance efficiency in Iraq[/size]



Refinitiv’s World-Check will help Iraqi financial institutions comply with the FATF recommendations and global sanctions legislation.


Dubai, United Arab Emirates - Refinitiv is partnering with Iraqna IBTS, an anti-financial crime training and technology consultancy in Iraq, to provide Iraqi financial institutions with risk screening and compliance services in order to strengthen their risk programs and combat financial crime.

As part of the agreement, Refinitiv’s World-Check will support the Know-Your-Customer (KYC) and Anti-Money Laundering (AML) procedures of Iraqi financial institutions, minimizing their exposure to financial crime risks and increasing the level of compliance in line with the Financial Action Task Force’s (FATF) recommendations and with global sanctions legislation.


The lack of accurate data and reliable sources pose significant challenges when it comes to identifying high risk individuals and organizations in Iraq.



 In addition, financial institutions in the country lack access to training services in financial crime areas such as maintaining sanction lists, screening highly exposed persons, and in achieving effective compliance. At the same time, Refinitiv reports that more than 40% of financial institutions have fallen victim to financial crime in the past five years*.


 In response, 70% of financial institutions expect to increase their investment in compliance over the next two years and 87% expect their technology to continue to develop.

Abdul-Razzaq Muhammad Ali, General Manager of Iraqna IBTS, said: “Today, Iraqna IBTS marks a milestone as we partner with Refinitiv, an organization known for helping to combat financial crime, supporting compliance efficiency, and for addressing regulatory risk for companies on a global stage.”


“At Iraqna IBTS we support institutions identify, report, and stop dealing with individuals and entities subject to international sanctions. Since the establishment of Iraqna IBTS, we have been determined to achieve one of the company's main goals which is to provide integrated training and consulting services in the field of combating financial crimes.



 With Refinitiv, we were able to launch an anti-financial crime awareness program we are helping financial institutions uphold sound compliance and meet their regulatory obligations within the financial services sector in Iraq,” Abdul-Razzaq added.

Nadim Najjar, Managing Director, Middle East and Africa, Refinitiv, said: “Our partnership with Iraqna IBTS will benefit all financial institutions in Iraq at a time when local regulatory requirements are increasing and demand for risk and compliance solutions across the country is high. 



The partnership will also contribute to meeting the requirements and recommendations of the MENA-FATF working group and ultimately raising the visibility of Iraq’s reviews and ranking on an international scale. With IBTS’s on the ground presence, we believe we are in a much stronger position to support the compliance community in Iraq.”

* Figures based on Refinitiv’s MENA Financial Crime Report 2019




About Refinitiv


Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in approximately 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community – driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime. For more information visit: www.refinitiv.com



About Iraqna (IBTS)


Iraqna (IBTS) is a leading consultancy and training services company in Iraq. IBTS has an experience of 10 years in compliance and governance consultancy. IBTS is exclusive and super-agent in Iraq for big US high reputable organizations such as ACAMS, ACFCS, Kryterion for Global Testing Solutions, “Laserfiche” content management solution, TRABBIT Financial Crimes Solution, OPES for FATCA- IRS reporting software, Also, IBTS is a banks rating advisor for 13 Iraqi banks via FITCH Ratings methodology. IBTS is PMO for 8 leading banks in Iraq . 



IBTS is the only certified testing center for Global and American professional certificates such as CAMS, CFCS, Oracle, Sisco,…etc. by Krayterion, PCI and Person VUE.



Contact


Tarek Fleihan


Refinitiv Corporate Communication
Middle East, Africa, Central & Eastern Europe
Office  +97144536527
Mobile +971562162575
tarek.fleihan@refinitiv.com



https://www.refinitiv.com/en/media-center/press-releases/2020/march/refinitiv-partners-with-iraqna-ibts-to-enhance-regulatory-compliance-efficiency-in-iraq
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Refinitiv partners with IPSTS Iraqna to enhance compliance with Iraq Empty Economist: Iraq needs international partnerships to develop the domestic financial sector

Post by claud39 on Fri Mar 13, 2020 11:08 am

[size=35]Economist: Iraq needs international partnerships to develop the domestic financial sector[/size]


2020-03-12



[size=35]Refinitiv partners with IPSTS Iraqna to enhance compliance with Iraq Doc-P-337166-637195966467932214
[/size]


Eddy, a member of the Baghdad Economic Forum, stressed the importance of having an evolving international effort in Iraq through direct presence or bilateral partnerships between international or local partners.


Eddie said in a statement that "the international workplace requires the presence of modern development tools witnessed by the international workplace, especially in the financial sector, which suffers from a number of challenges."
 
Eddy added that "despite the good performance of the Central Bank of Iraq in the field of combating money laundering and terrorist financing, but the existence of an international effort supported for its work, the results will inevitably be positive and benefit the country."





 
Refinitiv has partnered with IBTS Iraqna, a leading consulting firm in the field of financial crime training and the provision of information technology consulting in Iraq, to ​​provide Iraqi financial institutions with effective compliance services aimed at strengthening its risk reduction program in the area of ​​financial crime control .
 
As part of the partnership, World Check's database will provide Refinitiv solutions "know your customer" and information about anti-money laundering laws for Iraqi financial institutions and help reduce their exposure to the risk of financial crime. This will contribute to increasing the level of efficiency of financial institutions in complying with the recommendations of the Financial Action Group (FATF) and the global penal laws.

 
The lack of accurate data and reliable sources is a real challenge for identifying high-risk individuals and institutions in Iraq. Financial institutions lack access to training services in the areas of combating financial crimes such as maintaining sanctions lists, detecting persons at high risk, and accessing an effective application of compliance.
 
According to the results of the Revinitiative Report on Financial Crime in the MENA Region for 2019, 44% of respondents have been victims of financial crime in the past five years. While about 87% of them expect that the technology used by them will continue to develop during the next two years, while 70% expect an increase in investment in implementing compliance over the next two years.


https://www.alsumaria.tv/news/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/337166/%D8%AE%D8%A8%D9%8A%D8%B1-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%A8%D8%AD%D8%A7%D8%AC%D8%A9-%D9%84%D8%B4%D8%B1%D8%A7%D9%83%D8%A7%D8%AA-%D8%AF%D9%88%D9%84%D9%8A%D8%A9-%D9%84%D8%AA%D8%B7%D9%88%D9%8A%D8%B1-%D9%82%D8%B7%D8%A7
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