By John Lee.
A workshop has been held on preparations for the next phase of Iraq's mutual evaluation process on anti-money laundering and counter-terrorism financing (AML/CFT) at national and sectoral levels.
The event was organised by the Central Bank of Iraq (CBI)'s Anti-Money Laundering and Counter-Terrorism Financing Office, in cooperation with the Ministry of Interior in the Kurdistan Regional Government (KRG).
Participants included staff from private banks, non-bank financial institutions, electronic payment companies operating in the Kurdistan Region, and officials from the Ministry of Interior.
The workshop covered:
- Anti-Money Laundering and Counter-Terrorism Financing Law No. 39 of 2015
- Recommendations of the Financial Action Task Force (FATF)
- National risk assessment for money laundering and terrorism financing
- Alignment with international standards
The workshop forms part of an ongoing training programme aimed at raising awareness and providing core training to relevant institutions.
(Source: Central Bank of Iraq)
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