19 hours ago
CBI holds Workshop on Money Laundering
By John Lee.
The Erbil branch of the Central Bank of Iraq (CBI) held a training workshop on " National and Sectoral Risk Assessment Procedures " in collaboration with the CBI's Banking Studies Centre and the Office of the Compliance Monitor.
The event brought together representatives from private banks, non-banking financial institutions, and electronic payment companies operating in the Kurdistan Region.
Key topics included Anti-Money Laundering and Counter-Terrorism Financing Law No. 39 of 2015, Financial Action Task Force (FATF) recommendations, and the national risk assessment of money laundering and terrorism financing based on international standards.
The workshop emphasised practical applications, operational risk assessment, and real-world case studies aimed at enhancing participants' analytical capabilities.
Lecturers highlighted the importance of updated compliance policies and effective inter-unit cooperation to foster a resilient banking environment aligned with global standards and the CBI's strategic vision.
The workshop is part of the Banking Studies Centre's and Compliance Office's joint effort to develop a skilled generation of banking professionals capable of navigating modern regulatory challenges and embedding a culture of compliance as a cornerstone of sound banking governance.
(Source: Central Bank of Iraq)
