By John Lee.
US-based consultancy K2 Integrity (K2i) has announced a strategic partnership with state-owned Rafidain Bank, Iraq's largest financial institution, to establish a comprehensive financial integrity program.
According to a press release from K2 Integrity, the program will align with international standards of compliance, governance, and risk management.
The three-year collaboration marks the beginning of a long-term relationship aimed at modernizing financial services for the Iraqi people. Chip Poncy, Global Head of Financial Integrity at K2 Integrity, stated that the partnership with Dr. Ali Kareem Al Fatlawy and the leadership at Rafidain Bank would significantly enhance the bank's ability to offer advanced financial services.
Sarah Runge, Executive Managing Director at K2 Integrity, highlighted Dr. Ali's vision for institutionalizing a robust financial integrity framework, ensuring Rafidain Bank complies with global standards in financial crime prevention and risk management.
(Source: K2 Integrity)
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