Iraqi Bank Training on Cross-Border Payments, Financial Integrity

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Iraqi Bank Training on Cross-Border Payments, Financial Integrity

The Washington DC-based totally Institute for economic Integrity (IFI) has announced the launch of the financial Integrity and go-Border payments education application for the national financial institution of Iraq (NBI), advanced in partnership with the central financial institution of Iraq (CBI) and K2 Integrity.

consistent with a press launch from IFI, this groundbreaking initiative targets to decorate the integrity of the Iraqi economic device through ensuring move-border payments originating from Iraq adhere to felony necessities, regulatory expectations, and global standards.

Designed for country wide financial institution of Iraq personnel, the schooling software is designed to:

Create a community of financial integrity professionals at NBI to enhance the CBI’s efforts in efficiently addressing good sized illicit finance threats to each the Iraqi and worldwide financial systems.
Facilitate and exhibit powerful implementation of worldwide Anti-money Laundering (AML) and Counter Financing of Terrorism (CFT) requirements in line with monetary motion mission force (FATF) suggestions and steerage.
sell a subculture of monetary crime compliance and risk management all through NBI.

Ayman Omran Abu Dhaim, CEO at country wide bank of Iraq, remarked:

“making sure the integrity of financial transactions is important for fostering consider and stability in each domestic and global markets. This comprehensive education program will ensure that NBI is a frontrunner in promoting a tradition of compliance and protective the Iraqi and international financial system from abuse by using illicit actors.

The blended schooling application can be added both live as well as on-line thru IFI’s DOLFIN® platform. Key application features encompass:

In-depth, live education periods led by way of specialists from IFI and K2 Integrity
eLearning library presenting movies of specialists masking core subjects
sensible case research focusing on actual-world challenges and answers
sources and tools to aid ongoing compliance efforts

furnish Kreft, chief government Officer at Institute for monetary Integrity, stated:

“At IFI we are proud to deliver this vital training to the national bank of Iraq… This software represents a good sized step toward enhancing the regulatory framework surrounding move-border payments in Iraq, in the end reaping benefits the wider global economic community.”