UN: We believe in Iraq's return to its positive role

Iraqi News

28-05-2025

Baghdad – INA
The United Nations Assistance Mission for Iraq (UNAMI) announced on Wednesday that it believes in Iraq's return to its positive role, stressing that legislative compliance is the primary guarantee for the sustainability of the digital transformation.
In his speech at the second conference on combating money laundering and terrorist financing, attended by an Iraqi News Agency (INA) correspondent, the UN Secretary-General's Representative in Iraq, Mohammed Al-Hassan, said, "This conference represents an important milestone in Iraq's journey towards transitioning to a state of law and institutions and engaging positively with efforts to combat money laundering and dry up the sources of terrorist financing." He praised the choice of the title of this session, "Challenges of Arab Banks in Compliance with International Laws and Legislation and Ways to Meet the Requirements of Correspondent Banks," which reflects a growing awareness among financial and banking institutions that restoring confidence and the efforts of international companies require adherence to the highest standards of transparency and accountability.
He added, "The United Nations believes in Iraq and its return, and believes that good governance, transparency, and international transition are not just slogans, but rather pillars of a transparent economy that interacts with the region and the world." He commended the efforts of the Central Bank of Iraq and the Iraqi Private Banks Association for "leading this positive movement."
Al-Hassan called for "strengthening partnerships with international and regional financial institutions, including the International Monetary Fund, the World Bank, the Financial Action Task Force, the Economic Commission for Western Asia, and others, to build national capacities that facilitate raising standards to meet global requirements and requirements." He noted that "such partnerships are accompanied by benefiting from the successful experiences of a number of Arab and non-Arab countries that have been able to gain the trust of international institutions and people by adopting profound reforms capable of integrating Iraq into the global banking system, serving its national interests toward sustainable development."
He explained that "today's conference serves as a platform for exchanging expertise and reviewing the applications of technology and artificial intelligence as practical tools to strengthen completion organizations." He noted that "in light of the accelerating digital transformation, technology is no longer an option, but an urgent necessity. If properly utilized, it can uncover suspicious patterns, enhance the accuracy of regulatory procedures, and accelerate financial risks."
He emphasized the need for "such technological development to be coupled with a transparent legislative and legal system. While digitization offers unprecedented possibilities, legislative compliance remains the primary guarantee for the sustainability of today's transformation."