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Banking irregularities between ignorance of laws and intersection help!?

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Banking irregularities between ignorance of laws and intersection help!?

2017/03/09 | 12:51
(The encyclopedia News | Iraq News)-economy news.

By: Yasser Metwally
often in sight of some private banks under the law of banking and infractions such irregularities are divided into two parts, the first section and second section offence meant unintended violations.

Question what is required to avoid such irregularities?

Here talking on the second section of the infringement is unintended, of course, when you inquire about the reasons it is clear that not for bank note this Act or those actions perhaps quote the famous law does idiots take their way of implementation.

When looking at the causes of this phenomenon found that the reason there's a weakness in the legal culture of most serious workers in banks, it is required to activate the role of legal units to turn in the required clarifications before taking any decision or action as his Digest of all laws.

And of course the private banks depend upon the chosen legal departments, managers and qualified chartered banks of veteran experience and apparently most with irregularities because the decision or action to the legal department or the consultation is weak or not contained in it lies trapped in banks errors or the box office.

Because it requires higher and executive departments of banks adopting legal opinion bye banking and financial decision or action taken to trying to bail the Bank out of box office tickets and distance himself from accountability and the law.

As for the intersection of procedures and instructions that the meaning of the Iraqi Central Bank Committee has solved this problem.

When you count the number of proceedings brought against the banks find mostly unintended violations for not adopting a legal opinion before making financial decisions.

Stress the advocacy of the need to activate the role of legal departments at banks to avoid these mistakes.

Either landing irregularities it on last wrong side bears the consequences.

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