Consider us Iraqi banks cooperation mechanisms
13/11/2017 12:00 am
New phase was adopted by Iraqi banks direct us banking sector openness through examination of mechanisms of cooperation and reach a mutually advantageous understandings and actively contribute to the economic development process in Iraq waits.
In charge of Banking Affairs zaidi described meetings with American banks on the mission, which included an explanation of the reality of Iraqi banks and work environment and mechanisms catch up with sophisticated banks around the world.
He added that "meetings with the American side was twofold, first in New York and address the most important ways of drying the financing of terrorism, then the other side in Washington and we had a meeting with representatives of the City Bank the largest us banks and focused on the challenges that prevent direct cooperation between us banks Iraq and away from any medium."
Either the US Treasury representative at his country's Embassy in Baghdad John Sully had spoken about international support for the fight against money laundering and financing of terrorism in Iraq and said that "Iraq has achieved over the last years an extraordinary progress in the financial sector, we are proponents of Iraq in this direction which investigates development",
Requesting "disclosure accomplishments achieved through advertising in various media so that the international community is watching the reality of money in Iraq and has the desire to learn more of the accomplishments here."
Zaidi said: that "dialogue was open and transparent and direct cooperation should be requested without intermediate ring of banks (Turkish) and then us banks", noting that
"external transfer mechanisms in us banks, and that Iraqi banks operate according to regulations Global banking there are a large number of banks and if mistakes are made in a Bank, that doesn't mean the banking sector suffers an imbalance."
Zaidi asked that "the American side committees consist of visiting Iraqi banks and the banks are awarded directly without intermediary accounts and look at the results and then us banks will touch the reality of Iraqi financial sector work, stating that"
the Iraqi financial sector made great strides during the period Years and was able to develop working mechanisms and overtake errors that impair its functioning.
The US banks interested in the restructuring of State banks.
And there is an active role for private banks in the process of economic development. And interest in young blood and sophisticated technologies and overcome mistakes that was taking place in the financial sector in Previous".
Zaidi said that during the meetings explain privacy to make the Iraqi banking sector that works independently without any outside influence, international or regional us banks have prepared a challenge to cooperate with Iraqi banks, pointing to the possibility of dealing with Iraqi banks that possess advanced technology And internationally certified banking systems.
"the past mistakes of shifts in banks and promote their performance and their products to match the reality of the Iraqi economy awaited future And prepared."
During the meeting, had been asking the subject to get an auditor to Iraqi banks that bear all costs for duty to audit and review workflow and produce results to stand upon the fact that the banking sector and mechanisms His work.