An Iraqi government bank combats suspicious financial transactions electronically "without human intervention.

 An Iraqi government bank combats suspicious financial transactions electronically "without human intervention.

Rafidain Bank's General Manager, Ali Karim, stated on Thursday that the bank has begun combating suspicious financial transactions, such as money laundering, through electronic technologies.

In a speech delivered at the "Governance Forum" held in Baghdad and attended by a Shafaq News Agency correspondent, Karim said, "Rafidain Bank has taken strategic steps to build an internal governance system that focuses on independence, integrity, and efficiency."

He added that the bank launched a comprehensive corporate risk program that includes operational, interest, and reputational risks, in cooperation with global distribution companies.

Karim continued, "Rafidain Bank recently acquired advanced systems in cooperation with international institutions, through which suspicious financial transactions will be monitored, analyzed, and even thwarted automatically and electronically, without any human intervention."

At the end of May, the Governor of the Central Bank of Iraq, Ali Al-Alaq, affirmed Iraq's commitment to combating money laundering and terrorist financing in cooperation with international partners. link