Rafidain Bank: Launching Online Banking Service After Activating Anti-Money Laundering And Counter-Terrorism Financing Regulations.
Mawazine News – Baghdad Rafidain Bank announced today, Friday, the launch of the online banking service OBDX after activating the Anti-Money Laundering and Combating the Financing of Terrorism (AML) systems.
The bank stated in a statement received by (Mawazine News) that "the online banking service OBDX (Online Banking Digital Experience) was launched 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 explained that "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 that "OBDX is an innovative digital banking experience. The OBDX service represents a qualitative leap in the way banking transactions are conducted, as it allows government agencies to access their accounts and conduct all their banking operations easily and securely online.
This service helps speed up processes and reduce reliance on paper procedures, which contributes to improving efficiency and enhancing transparency."
He 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 the 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 pointed out that the advantages of the OBDX service, supported by compliance systems, include:
1. 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 the need to visit branches. https://www.mawazin.net/Details.aspx?jimare=260737
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