"RAFIDAIN IS ONE OF THE BANKS THAT WILL PARTICIPATE" BY FRANK26, 1 OCT

 KTFA

FRANK26: "RAFIDAIN IS ONE OF THE BANKS THAT WILL PARTICIPATE".......F26

Rafidain: Continuing to update data and information to ensure safety from money laundering suspicions

 

9/27/2024

 

Baghdad - WAA

Rafidain Bank announced, today, Friday, the continuation of updating data and information to ensure safety from suspicions of money laundering.

The bank's media office stated in a statement received by the Iraqi News Agency (INA), that "in implementation of government directives and instructions of the Central Bank of Iraq / Anti-Money Laundering and Terrorist Financing Office, the Money Laundering and Terrorist Financing Reporting Department at Rafidain Bank conducted field visits to the bank's branches in Baghdad and the governorates," noting that "the risks of money laundering and terrorist financing and the mechanisms to combat them and report suspicious transactions and monitor them using available means and methods."

He added that "the visits concluded with auditing the work of liaison employees and following up on updating the (KYC) form, which ensures the safety of customers' funds and accounts from any suspicions of money laundering," noting that "due diligence measures are taken for companies and customers according to the Anti-Money Laundering and Terrorist Financing Law."

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