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Rafidain Bank launches OBDX service after activating anti-money laundering systems
4/11/2025
Rafidain Bank announced today, Friday, the launch of its online banking service, OBDX (Online Banking Digital Experience), following the activation of anti-money laundering and counter-terrorism financing regulations. This step aims to enhance digital transformation and comply with international standards.
The bank confirmed in a statement received by {Furat News} that "the new service has been successfully implemented with a number of government agencies, and is part of Rafidain's strategy to provide a safe and advanced banking environment that keeps pace with global trends toward financial transparency and good governance."
He added, "The OBDX service provides an integrated digital banking experience, enabling government agencies to conduct their financial transactions electronically and with the highest levels of security, which contributes to accelerating procedures and reducing reliance on paper transactions."
The launch of the service coincides with the activation of the AML and GOAML systems, which monitor and analyze transactions to prevent any suspicious or illegal activities, ensuring the bank's full compliance with anti-money laundering and counter-terrorist financing requirements.
The most prominent features of the new service:
He added, "The OBDX service provides an integrated digital banking experience, enabling government agencies to conduct their financial transactions electronically and with the highest levels of security, which contributes to accelerating procedures and reducing reliance on paper transactions."
The launch of the service coincides with the activation of the AML and GOAML systems, which monitor and analyze transactions to prevent any suspicious or illegal activities, ensuring the bank's full compliance with anti-money laundering and counter-terrorist financing requirements.
The most prominent features of the new service:
Advanced banking security according to international standards.
Comprehensive compliance with local and international laws.
Ease of conducting remote transactions for government agencies.
Improving banking efficiency and reducing paperwork.
Rafidain Bank continues to provide innovative digital services that contribute to the development of the Iraqi banking sector and enhance customer confidence in the national banking institution.