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The Central Bank Governor participates in the Anti-Money Laundering and Combating the Financing of Terrorism Conference.
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, participated in the opening of the second Anti-Money Laundering and Combating the Financing of Terrorism Conference, which was held in the capital, Baghdad. The conference was titled "Challenges Facing Arab Banks in Complying with International Laws and Legislation and Means of Meeting the Requirements of Correspondent Banks." It was held under the patronage of Prime Minister Mohammed Shia Al-Sudani, and organized by the Central Bank of Iraq, the Union of Arab Banks, and the Association of Private Banks.
In his speech, His Excellency the Governor emphasized that money laundering and terrorist financing crimes are not merely crimes, but rather a source of financial instability. He indicated that we interact with international partners by implementing international standards for combating money laundering and terrorist financing.
His Excellency urged the need to enhance regional and international cooperation to combat money laundering crimes.
He pointed out that Iraq has achieved several important steps in the financial and banking sector, emphasizing the Central Bank's endeavor to employ artificial intelligence and network analysis to conduct financial transactions in an organized manner, in line with the optimal approach to maintain Iraq's international standing in financial and banking transactions.
In his speech, His Excellency the Governor emphasized that money laundering and terrorist financing crimes are not merely crimes, but rather a source of financial instability. He indicated that we interact with international partners by implementing international standards for combating money laundering and terrorist financing.
His Excellency urged the need to enhance regional and international cooperation to combat money laundering crimes.
He pointed out that Iraq has achieved several important steps in the financial and banking sector, emphasizing the Central Bank's endeavor to employ artificial intelligence and network analysis to conduct financial transactions in an organized manner, in line with the optimal approach to maintain Iraq's international standing in financial and banking transactions.
Central Bank of Iraq
Media Office
May 28, 2025
Media Office
May 28, 2025
English (US) ·