RAFIDAIN BANK LAUNCHES OBDX SERVICE AFTER ACTIVATING ANTI-MONEY LAUNDERING SYSTEMS
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:
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.
Rafidain launches “Internet Bank ing” service
Rafidain Bank announced today, Friday, the launch of its OBDX online banking service after activating anti-money laundering and counter-terrorism financing regulations.
A statement from the bank, received by Al-Ghad Press, stated, “In a qualitative step that keeps pace with global trends towards digital transformation and enhancing banking transparency, Rafidain Bank announced the launch of the online banking service OBDX (Online Banking Digital Experience ) after activating the Anti-Money Laundering ( AML ) and Government Online Anti-Money Laundering (GOAML ) systems. The service has been successfully activated in a number of government agencies.”
He added, “This decision comes within the framework of the bank’s strategy to provide a safe banking environment that adheres to the latest international standards for combating money laundering and terrorist financing, as well as facilitating electronic financial transactions for government agencies.”
He explained, ” OBDX is an innovative digital banking experience that represents a qualitative shift in the way banking transactions are conducted, allowing government entities to access their accounts and conduct all banking transactions easily and securely online. This service helps expedite processes and reduce reliance on paperwork, which contributes to improving efficiency and enhancing transparency.”
The statement pointed out that “the role of the AML and GOAML systems in ensuring compliance. In parallel with the launch of the OBDX service , Rafidain Bank activated its Anti-Money Laundering ( AML ) and GOAML systems to ensure full compliance with international standards for combating money laundering and terrorist financing. The AML system automatically monitors financial transactions and analyzes suspicious patterns, while the GOAML system records and analyzes banking data to ensure it is not used for illegal activities.”
He stated that “the advantages of the OBDX service supported by compliance systems:
Superior Security: Integrated systems ensure full compliance with international standards, enhancing the security of financial transactions.
2. Global Compliance: The bank ensures the highest levels of transparency and compliance with international anti-money laundering laws. 3. Ease of access: Enables government agencies to conduct financial transactions easily and securely online without having to visit branches.
4. Increasing efficiency: reducing traditional procedures and accelerating transactions while ensuring compliance with global financial laws and policies.
