The Central Bank Governor chairs a meeting to discuss anti-money laundering controls

Tuesday 13, October 2020 16:19

Baghdad / NINA / The Governor of the Central Bank, Chairman of the Council for Combating Money Laundering and Terrorism Financing, Mustafa Ghaleb Makheif, chaired today, Tuesday, the first regular session of the Council for the year 2020, which included members of the Council from relevant ministries and departments not associated with a ministry.

In a statement received by the Iraqi National News Agency / NINA / a copy of it, the Central Bank of Iraq stated : “The council discussed several topics on the agenda, including due diligence controls for the anti-money laundering and terrorist financing process for the NGO Department in the General Secretariat of the Council of Ministers. Due diligence controls for combating money laundering and terrorist financing operations of the Companies Registrar Department - Ministry of Commerce, as well as discussing the measures taken with regard to the national assessment process for money laundering and terrorist financing risks.

The Council affirmed, "The necessity to enforce the work of the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2015 and the instructions and controls issued in accordance with it, along with the necessity to activate workshops relating to the presentation of the work of the Anti-Money Laundering and Terrorism Financing Office, the mechanism for reporting suspected cases and how to deal with these cases in a way that contributes to Spreading the culture of combating money laundering and terrorist financing. / End 7

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