Central Bank of Iraq Organizes Awareness Workshop on Illicit Gains 2024
The Central Bank of Iraq (CBI) has taken a significant step in combating financial crimes by organizing an awareness workshop on illicit gains in 2024. This initiative is part of the CBI's efforts to enhance financial inclusion and stability in the country.
Background
The CBI has been actively working to combat money laundering and terrorist financing in Iraq. In 2015, the Iraqi Anti-Money Laundering and Counter-Terrorist Financing Law No. 39 was enacted, which established the Money Laundering Office and developed strict supervisory mechanisms.
Financial Inclusion Week
The CBI, in collaboration with the International Labour Organization (ILO) and the Italian Agency for Development Cooperation (AICS), launched the Financial Inclusion Week in Southern Iraq in May 2024. The initiative aimed to empower individuals and businesses with financial literacy skills, particularly in the southern region of Iraq.
Illicit Gains Awareness Workshop
The awareness workshop on illicit gains is a crucial step in the CBI's efforts to combat financial crimes. The workshop aims to educate participants on the risks associated with illicit gains and the importance of reporting suspicious transactions.
Objectives
The objectives of the workshop include: Raising awareness on the risks associated with illicit gains Educating participants on the importance of reporting suspicious transactions Enhancing financial inclusion and stability in Iraq
Participants
The workshop is expected to attract participants from various sectors, including banking, finance, and law enforcement.
Conclusion
The Central Bank of Iraq's awareness workshop on illicit gains is a significant step in combating financial crimes in the country. The initiative demonstrates the CBI's commitment to enhancing financial inclusion and stability in Iraq.
SOURCES:
https://www.worldbank.org/en/projects-operations/procurement/debarred-firms
https://reliefweb.int/report/iraq/financial-literacy-sustainable-future-iraq-enar
https://www.thenationalnews.com/news/mena/2024/06/18/iraq-bank-corruption-war/
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