Thurs. AM TNT Iraq News Articles 3-2-23



The Deputy Speaker of Parliament meets the President and members of the Association of Private Banks

First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, received in his office the head of the Iraqi Private Banks Association, Wadih Handal, and a number of members.

Al-Mandalawi said that the House of Representatives is following the procedures of the Central Bank and the government’s decisions seeking to develop and develop the local banking sector. Financial and banking, and combating the dangerous phenomena that threaten the security of the market and the citizen, especially currency smuggling, currency laundering, counterfeit currency, and others.

The first deputy called on local banks to take advantage of the Central Bank’s initiative to support small and medium enterprises in various sectors to create job opportunities for young people, increase national income, and reduce dependence on oil as the sole source of financing the treasury in order to achieve economic stability, which will be an attractive environment for investors    link

A leader in the new generation: Whoever does not want to pass the budget and participate in it proves that he is corrupt

The leader of the New Generation Movement, Omar Mama Korda, confirmed today, Thursday, that whoever does not want to pass the budget and participate in it proves that he is corrupt.

Korda said in an interview with Earth News Agency, “The Kurdish parties in the region are not of one opinion, as in the center and south,” noting that “in the region, the movement of the new generation with the passage of the budget because it shows the government’s road map and how the money is spent during the year set for it, but who does not want Passing the budget and participating in it proves that he is corrupt and does not want the government to have a budget until it has a road map.


He added, “In the region, during the past ten years, the government has not had any budget, and this paves the way for the parties in power to spend the money that is the people’s money for the benefit of their political parties, and they dispose of it as they want.”   link

Relationship leads bold steps to transform dealings into digital

The Governor of the Central Bank, Ali Al-Alaq, renewed his assertion of the serious endeavor to bring about a quantum leap in the field of financial technology. 

An official statement said, “Al-Alaq received the regional president of the global Visa company, Andrew Tory, and his accompanying delegation, and they discussed the support provided by the company to regulate the market and increase the acceptance of electronic collection, in support of the government’s directions and the decisions it has taken in activating electronic payment through the use of technology provided by the company, as well as On improving the regulations and instructions for digital financial services,”

Al-Alaq stressed that “the bank is supportive in its steps to expand the use of the latest digital technologies in the banking sector and enhance financial inclusion in Iraq.”

Shift events

He continued, “The Central Bank seeks to make a quantum leap in the field of financial technology in the Iraqi banking sector by keeping pace with the latest international technologies.”  link


Al-Rafidain launches the electronic system to combat money laundering and terrorist financing

AML & GOAML search and investigation system

In implementation of the directives of the Central Bank of Iraq and in compliance with and application of international standards and requirements and instructions issued by the Office of Combating Money Laundering and Financing of Terrorism….

And under the auspices and supervision of the Director General of the Rafidain Bank, Dr. Ali Karim…. the Director General of the Bank inaugurated the electronic search and investigation system for combating money laundering and terrorist financing Which was accomplished by a specialized company, with the cooperation and coordination of the Money Laundering Reporting Division in the bank, in accordance with local and international requirements.

The electronic system, which was implemented for the first time in the bank, allows it to be used to link the local and international ban lists electronically, to know the names of the prohibited, and to protect the bank and its financial accounts from people within the ban lists for the purpose of monitoring suspicious financial transactions and reporting them to the Anti-Money Laundering and Terrorist Financing Office, which is concerned with receiving reports and financial statements via the link.

The electronic communication with all the bodies that are required to report, whether local or international, exchange information with law enforcement agencies, and stand on suspicion of money laundering and terrorist financing. 

information Office 

Al-Rafidain Bank   link

Source: Dinar Recaps



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