AL-ALAQ ANNOUNCES THE SUCCESS OF THE ELECTRONIC TRANSFER PLATFORM IN ANTI-MONEY LAUNDERING
Shafaq News/ Governor of the Central Bank of Iraq Ali Al-Alaq announced on Thursday the successful use of the electronic external transfer platform in combating money laundering.
This came during Al-Alaq’s participation, in the Arab Forum of Anti-Corruption Authorities and Financial Investigation Units in the Kingdom of Saudi Arabia, according to a statement issued by the bank’s media and received by Shafaq News.
Al-Alaq delivered a speech on the efforts of the Central Bank of Iraq in spreading financial transparency and collecting and exchanging information on the real beneficiary at the international level, stressing the recent measures taken by the Central Bank of Iraq, represented in the use of the electronic external transfer platform, which effectively contributed to determining the identity of the real beneficiary and prevented the use of external transfers as a means of money laundering operations.
He pointed out that the use of the cash sale platform contributed to the arrival of foreign currency to real beneficiaries of travelers or students outside Iraq, as well as other cases that need foreign exchange according to the law.
The Chairman of the Integrity Commission, Haider Hanoun, also participated in the same forum, and will present Iraq’s measures to combat corruption and its role in achieving development and economic growth.
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