Lebanese Banks Seeking to Leap in the Quality of Financial and Iraq Vet to Avoid Money Laundering
|May 4, 2014||Filled under Iraqi Banking News|
Iraqi Banking News –
Announced the Central Bank of Lebanon that the Lebanese banks have entered Iraq in order to open new horizons and achieve a qualitative leap in the financial realities and the local economy, as he emphasized that, in addition to those banks scrutinized much in the dealings of customers to make sure that the absence of money laundering in support of terrorism.
This came during a conference of the Iraqi banking – Lebanese in Beirut, according to a statement of the Central Bank of Iraq, took over the (long-Presse), a copy of it.
He said Central Bank Governor Riad Salameh said that “Lebanese banks are the seven that have opened branches in the provinces of Baghdad, Erbil and Basra, Najaf and Karbala, did not come to Iraq with the aim of entering into tenders dollar organized by the central bank through currency auction,” noting that “Lebanese banks came to join the labor Chirfah and full development of the Iraqi market and open up new banking both in terms of credit or loan, because Iraq is characterized Bzbaúnh good.”
He added that the safety “of the Lebanese central bank is committed to strong mechanisms followed with banks that want to open branches in Iraq, and that it is closely watching these banks and their dealings in Iraq through the committees formed by the duration and the other.”
He explained that “the bank checks frequently in the dealings of customers of banks that are supervised by to make sure the lack of money laundering in support of terrorism, as well as do banks that have a branch in Iraq,” pointing out that “Lebanese banks are almost similar in their dealings European counterparts, so it is an entry into the Iraqi market a quantum leap in banking, especially as one of the largest banks in Lebanon and the world.”
The governor of the Iraqi Central Bank and the Agency, Abdel Basset Turki newborn, opened on Friday, the conference of the Iraqi banking – the Lebanese, which will continue for two days (April 25 to 26, 2014), indicating that there are seven branches of the Lebanese banks in Iraq, with requests for the opening of branches of other banks , while stressing governor Central Bank of Lebanon, Riad Salameh, the Lebanese banks seeking to invest in Iraq and the expansion of the open branches there.
He revealed the Iraqi Central Bank, on the fourth of April, the opening of 15 branches of the banks, Arab or foreign country during the last three months of the current year, as a result of his policy of openness to the world, noting that pulling off one branch of the Arab bank for violating the conditions laid down in the laws.
Turki was threatened during a financial conference held in Dubai, two months ago, the withdrawal of licenses of five banks operating in Iraq (unspecified) What did not increase their capital.
It consists of the banking system in Iraq from 43 banks, as well as the central bank, and are distributed according to government property between 7 and 30 waged, including 7 of Islam, as well as six foreign banks.
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