Post From BondLadys Corner
BondLady & Tlm724 News & Comments 6-13-16 Part 3 of 3
The banking sector .. actually required reform
6/13/2016 0:00 Abdul Zahra Mohammed Hindawi , despite the acquisition of a larger area of the banking landscape in Iraq, but the government banks are still facing a lot of challenges that have prevented the performance of their active role in the development of construction required in the country 's process, especially with the intensification of the financial crisis and the government 's efforts to meet the registered in the budget deficit by resorting to external borrowing and the issuance of bonds ..
Perhaps the bold step taken recently by the cabinet and of exempting government banks managers an agricultural, industrial and Iraqi trade and Rafidain bank represents a new beginning to change the reality of these banks, which was over the past years –
also stresses involved in the banking sector - ineffective but, some believe it was disruptive to some of the important steps that could increase the effectiveness of the banking sector , public and private , both .. this case Find a negative environment that has alienated the private sector banks to contribute to the investment process, as long as through private banks ,
~~~
BondLady & Tlm724 News & Comments 6-13-16 Part 3 of 3
The banking sector .. actually required reform
6/13/2016 0:00 Abdul Zahra Mohammed Hindawi , despite the acquisition of a larger area of the banking landscape in Iraq, but the government banks are still facing a lot of challenges that have prevented the performance of their active role in the development of construction required in the country 's process, especially with the intensification of the financial crisis and the government 's efforts to meet the registered in the budget deficit by resorting to external borrowing and the issuance of bonds ..
Perhaps the bold step taken recently by the cabinet and of exempting government banks managers an agricultural, industrial and Iraqi trade and Rafidain bank represents a new beginning to change the reality of these banks, which was over the past years –
also stresses involved in the banking sector - ineffective but, some believe it was disruptive to some of the important steps that could increase the effectiveness of the banking sector , public and private , both .. this case Find a negative environment that has alienated the private sector banks to contribute to the investment process, as long as through private banks ,
~~~
owners complained of State - owned banks dominance and lack of opportunity in front of them, as private banks was deprived of a lot of privileges that could have been obtained, including bank transfers,
because 90 percent of those remittances are the State - owned banks in the distribution ratio of (10% remaining) on more than (50) banks waged, this as well as private banks deprivation of dealing instruments certified, and such issues that will negatively affect the confidence of the citizen sector ,
private banks and resorting to government banks in financial dealings, although the banking services provided by these banks are less than those offered by private sector banks .. here
I hope that my words understood as an attempt to undermine the general government banks or specialized as it is an invitation for the advancement of these banks to deal with some of the bureaucracy with the CBI initiative
to grant the private sector a loan of 6 trillion Iraqi dinars to support industry, agriculture and housing sectors by giving citizens soft loans worth 50 million dinars maximum, and the bureaucracy caused by delaying the granting of loans to the beneficiaries,
and perhaps this was one of the reasons that the Council of Ministers called for the inclusion of these banks reform process .. and process change is not necessarily to be the result of the existence of suspicions of corruption and promoting other,
but because these managers have exhausted all out of parents visions and ideas of evolutionary and this in turn led to a state of relaxation and sag in performance with the absence and presence of follow - up and surveillance tightened by the Supreme departments at branches scattered across banks Iraq,
so find references to these branches a lot of negative images that should not be present .. here it must be said that the desired reform process will not be completed by changing the senior leadership of the departments of government banks only,
and that they represent an important first step in this direction, but it required an operation a comprehensive review of all the reality of government banks details in Iraq, starting from the restructuring and the placement of all activities performed by these banks to the electronic system ,
or what is known as automation, as we are still seeing a lot of banking business is going on according to the old traditional systems of paper which is causing so much delay in completion transactions of the citizens,
especially those relating to the operations of deposit and withdrawal and get certified instruments and financial transfers and other ..
this as well as the possibility of the application of incentives tempting for workers in the banking system and be based on the daily achievement and not about a lump, incentives would pay an employee to make a greater effort to improve the economic reality of Meanwhile, on the other hand contribute to the reduction of blackmail citizens and reduce red tape and periods of eating breakfast and tea.
the other thing that can refer to him here, is the need to open broad prospects for private sector banks that need the other to re - look at their performance , which is indicated by some these banks are small shops mission is to engage in the daily auction the central bank and buy the dollar and then sell it in the market and achieve quick profits without exercising any banking operations have an impact on the national economy,
so should private banks manage search for a suitable , such as resorting to processors banking merger in order to strengthen the financial portfolio to her, and that is that would allow them to compete with the public sector banks in the framework of the reform and opening - up policy pursued by the government to activate the banking performance in Iraq and activate it by about a year,
which was enhanced with the consent of the Council of Ministers on the establishment of a specialized company to guarantee deposits with a capital first of $ 100 billion dinars, the existence of such guarantors would the company that encourages the public to save , rather than the phenomenon of compactness prevailing in Iraq because of the lack of trust the public banking system in the country.
the bottom line that the banking reform process will eventually lead to finding a sophisticated banking system represents a pillar essential for development and has the ability to compete with regional banks through the quality of services provided by the plurality of customers by supporting investment projects in various fields. LINK
http://ift.tt/1U6K9JA]
tlm724: Perhaps the bold step taken recently by the cabinet and of exempting government banks managers an agricultural, industrial and Iraqi trade and Rafidain bank represents a new beginning to change the reality of these banks, which was over the past years –
also stresses involved in the banking sector - ineffective but, some believe it was disruptive to some of the important steps that could increase the effectiveness of the banking sector , public and private , both
here it must be said that the desired reform process will not be completed by changing the senior leadership of the departments of government banks only, and that they represent an important first step in this direction, but it required an operation a comprehensive review of all the reality of government banks details in Iraq, starting from the restructuring and the placement of all activities performed by these banks to the electronic system ,
other thing that can refer to him here, is the need to open broad prospects for private sector banks that need the other to re - look at their performance , which is indicated by some these banks are small shops mission is to engage in the daily auction the central bank and buy the dollar and then sell it in the market and achieve quick profits without exercising any banking operations have an impact on the national economy,
that is that would allow them to compete with the public sector banks in the framework of the reform and opening - up policy pursued by the government to activate the banking performance in Iraq and activate it by about a year, which was enhanced with the consent of the Council of Ministers on the establishment of a specialized company to guarantee deposits with a capital first of $ 100 billion dinars,
the existence of such guarantors would the company that encourages the public to save , rather than the phenomenon of compactness prevailing in Iraq because of the lack of trust the public banking system in the country.
bottom line that the banking reform process will eventually lead to finding a sophisticated banking system represents a pillar essential for development and has the ability to compete with regional banks through the quality of services provided by the plurality of customers by supporting investment projects in various fields.
[tlm724] They are waking up and actually doing it !
http://ift.tt/1XUoDhP
The central bank in the process of activating special anti-money laundering unit
History of edits:: 6.13.2016 10:50 {Baghdad} Euphrates News Central Bank announced the development of specific anti-money laundering unit, pointing out that "the process of activated to keep up with local and international requirements."
A statement of the bank, the agency {Euphrates News} received a copy of it, from the province and the agency on the Keywords saying during a meeting in his office 15 graduates recently completed a training course, set up own them , the Association of Banks in collaboration with Iraqna global ACAMS, and received a specialist degree in the field of combating money laundering and financing terrorism that " the subject of the fight against money laundering is a fundamental criterion for dealing with any bank, because it reflects the work of the bank in terms of integrity and financial professional and ethical work."
he praised the "considerable efforts made by the Iraqi private banks association for the development of the banking sector , " noting that "this one of the most important tasks undertaken by the Association. "
He pointed Keywords to" central bank is prepared to cooperate with the Association in the implementation of programs related to combating money laundering, and pour in the financial and economic sector interest. "
He stressed" the importance of the pillar banks are basically in the process of anti - money laundering rule its location and its potential and capabilities , "pointing out that" the Central Bank developed a special anti - money laundering unit and is now in the process of activated to keep up with local and international requirements. "
for his part, Executive Director of the Association of banks Ali Tariq, according to the statement, that" the association is seeking to develop training plans , especially in the field anti - money laundering and terrorism financing in order to serve the banking sector and the creation of advanced banking cadres working in accordance with the currently approved international standards. "
the House of Representatives voted on 16 September 2015 last, laundry Alamwal.anthy Law http://ift.tt/1U6Kgoh
tlm724
BondLady points out " in accordance with the currently approved international standards.Wink "
he praised the "considerable efforts made by the Iraqi private banks association for the development of the banking sector , " noting that "this one of the most important tasks undertaken by the Association. " He pointed Keywords to" central bank is prepared to cooperate with the Association in the implementation of programs related to combating money laundering, and pour in the financial and economic sector interest. "
He stressed" the importance of the pillar banks are basically in the process of anti - money laundering rule its location and its potential and capabilities , "pointing out that" the Central Bank developed a special anti - money laundering unit and is now in the process of activated to keep up with local and international requirements. "
Vaquero: I get a feeling that is not much banking laws to be passed plus stopping import etc This people are at the gates of making us some serious money. I wonder what else they have to pass or are they ready like i'm thinking because it seems we r ready baby. 2003 got my first dinar. Now finally it is looking good. goooooo Iraq I'm thinking it is done. Exciting times . Laughing Laughing
tlm724: diff source
The central bank uses the Association to combat money laundering
13/06/2016 10:07 Iraqi Central Bank announced it was considering a joint collaboration with the Association of private banks for the implementation of programs related to the fight against money laundering, saying that it comes in support of the financial and economic sector.
because 90 percent of those remittances are the State - owned banks in the distribution ratio of (10% remaining) on more than (50) banks waged, this as well as private banks deprivation of dealing instruments certified, and such issues that will negatively affect the confidence of the citizen sector ,
private banks and resorting to government banks in financial dealings, although the banking services provided by these banks are less than those offered by private sector banks .. here
I hope that my words understood as an attempt to undermine the general government banks or specialized as it is an invitation for the advancement of these banks to deal with some of the bureaucracy with the CBI initiative
to grant the private sector a loan of 6 trillion Iraqi dinars to support industry, agriculture and housing sectors by giving citizens soft loans worth 50 million dinars maximum, and the bureaucracy caused by delaying the granting of loans to the beneficiaries,
and perhaps this was one of the reasons that the Council of Ministers called for the inclusion of these banks reform process .. and process change is not necessarily to be the result of the existence of suspicions of corruption and promoting other,
but because these managers have exhausted all out of parents visions and ideas of evolutionary and this in turn led to a state of relaxation and sag in performance with the absence and presence of follow - up and surveillance tightened by the Supreme departments at branches scattered across banks Iraq,
so find references to these branches a lot of negative images that should not be present .. here it must be said that the desired reform process will not be completed by changing the senior leadership of the departments of government banks only,
and that they represent an important first step in this direction, but it required an operation a comprehensive review of all the reality of government banks details in Iraq, starting from the restructuring and the placement of all activities performed by these banks to the electronic system ,
or what is known as automation, as we are still seeing a lot of banking business is going on according to the old traditional systems of paper which is causing so much delay in completion transactions of the citizens,
especially those relating to the operations of deposit and withdrawal and get certified instruments and financial transfers and other ..
this as well as the possibility of the application of incentives tempting for workers in the banking system and be based on the daily achievement and not about a lump, incentives would pay an employee to make a greater effort to improve the economic reality of Meanwhile, on the other hand contribute to the reduction of blackmail citizens and reduce red tape and periods of eating breakfast and tea.
the other thing that can refer to him here, is the need to open broad prospects for private sector banks that need the other to re - look at their performance , which is indicated by some these banks are small shops mission is to engage in the daily auction the central bank and buy the dollar and then sell it in the market and achieve quick profits without exercising any banking operations have an impact on the national economy,
so should private banks manage search for a suitable , such as resorting to processors banking merger in order to strengthen the financial portfolio to her, and that is that would allow them to compete with the public sector banks in the framework of the reform and opening - up policy pursued by the government to activate the banking performance in Iraq and activate it by about a year,
which was enhanced with the consent of the Council of Ministers on the establishment of a specialized company to guarantee deposits with a capital first of $ 100 billion dinars, the existence of such guarantors would the company that encourages the public to save , rather than the phenomenon of compactness prevailing in Iraq because of the lack of trust the public banking system in the country.
the bottom line that the banking reform process will eventually lead to finding a sophisticated banking system represents a pillar essential for development and has the ability to compete with regional banks through the quality of services provided by the plurality of customers by supporting investment projects in various fields. LINK
http://ift.tt/1U6K9JA]
tlm724: Perhaps the bold step taken recently by the cabinet and of exempting government banks managers an agricultural, industrial and Iraqi trade and Rafidain bank represents a new beginning to change the reality of these banks, which was over the past years –
also stresses involved in the banking sector - ineffective but, some believe it was disruptive to some of the important steps that could increase the effectiveness of the banking sector , public and private , both
here it must be said that the desired reform process will not be completed by changing the senior leadership of the departments of government banks only, and that they represent an important first step in this direction, but it required an operation a comprehensive review of all the reality of government banks details in Iraq, starting from the restructuring and the placement of all activities performed by these banks to the electronic system ,
other thing that can refer to him here, is the need to open broad prospects for private sector banks that need the other to re - look at their performance , which is indicated by some these banks are small shops mission is to engage in the daily auction the central bank and buy the dollar and then sell it in the market and achieve quick profits without exercising any banking operations have an impact on the national economy,
that is that would allow them to compete with the public sector banks in the framework of the reform and opening - up policy pursued by the government to activate the banking performance in Iraq and activate it by about a year, which was enhanced with the consent of the Council of Ministers on the establishment of a specialized company to guarantee deposits with a capital first of $ 100 billion dinars,
the existence of such guarantors would the company that encourages the public to save , rather than the phenomenon of compactness prevailing in Iraq because of the lack of trust the public banking system in the country.
bottom line that the banking reform process will eventually lead to finding a sophisticated banking system represents a pillar essential for development and has the ability to compete with regional banks through the quality of services provided by the plurality of customers by supporting investment projects in various fields.
[tlm724] They are waking up and actually doing it !
http://ift.tt/1XUoDhP
The central bank in the process of activating special anti-money laundering unit
History of edits:: 6.13.2016 10:50 {Baghdad} Euphrates News Central Bank announced the development of specific anti-money laundering unit, pointing out that "the process of activated to keep up with local and international requirements."
A statement of the bank, the agency {Euphrates News} received a copy of it, from the province and the agency on the Keywords saying during a meeting in his office 15 graduates recently completed a training course, set up own them , the Association of Banks in collaboration with Iraqna global ACAMS, and received a specialist degree in the field of combating money laundering and financing terrorism that " the subject of the fight against money laundering is a fundamental criterion for dealing with any bank, because it reflects the work of the bank in terms of integrity and financial professional and ethical work."
he praised the "considerable efforts made by the Iraqi private banks association for the development of the banking sector , " noting that "this one of the most important tasks undertaken by the Association. "
He pointed Keywords to" central bank is prepared to cooperate with the Association in the implementation of programs related to combating money laundering, and pour in the financial and economic sector interest. "
He stressed" the importance of the pillar banks are basically in the process of anti - money laundering rule its location and its potential and capabilities , "pointing out that" the Central Bank developed a special anti - money laundering unit and is now in the process of activated to keep up with local and international requirements. "
for his part, Executive Director of the Association of banks Ali Tariq, according to the statement, that" the association is seeking to develop training plans , especially in the field anti - money laundering and terrorism financing in order to serve the banking sector and the creation of advanced banking cadres working in accordance with the currently approved international standards. "
the House of Representatives voted on 16 September 2015 last, laundry Alamwal.anthy Law http://ift.tt/1U6Kgoh
tlm724
BondLady points out " in accordance with the currently approved international standards.Wink "
he praised the "considerable efforts made by the Iraqi private banks association for the development of the banking sector , " noting that "this one of the most important tasks undertaken by the Association. " He pointed Keywords to" central bank is prepared to cooperate with the Association in the implementation of programs related to combating money laundering, and pour in the financial and economic sector interest. "
He stressed" the importance of the pillar banks are basically in the process of anti - money laundering rule its location and its potential and capabilities , "pointing out that" the Central Bank developed a special anti - money laundering unit and is now in the process of activated to keep up with local and international requirements. "
Vaquero: I get a feeling that is not much banking laws to be passed plus stopping import etc This people are at the gates of making us some serious money. I wonder what else they have to pass or are they ready like i'm thinking because it seems we r ready baby. 2003 got my first dinar. Now finally it is looking good. goooooo Iraq I'm thinking it is done. Exciting times . Laughing Laughing
tlm724: diff source
The central bank uses the Association to combat money laundering
13/06/2016 10:07 Iraqi Central Bank announced it was considering a joint collaboration with the Association of private banks for the implementation of programs related to the fight against money laundering, saying that it comes in support of the financial and economic sector.
The central bank governor said Ali Mohsen Ismail Keywords, during a meeting in his office 15 graduates recently completed a training course, hosted by the Association of Private Banks them in collaboration with Iraqna global ACAMS, and received " a specialist degree in the field of combating money laundering and terrorism financing,
" the theme of the fight against money laundering is "a fundamental criterion for dealing with any bank," because it reflects the work of the bank in terms of integrity and financial professional and ethical work.
he praised Governor of the Central Bank of Iraq to the great efforts exerted by the Iraqi private banks association for Ttoiralqtaa banker, explaining that this is one of the most important tasks undertaken by the Association.
He said central bank is prepared to cooperate with the Association in the implementation of programs related to " the fight against money laundering," and pour in the financial and economic sector interest .
He stressed on the Keywords on the importance of the pillar banks are basically in the fight against money laundering by virtue of its location and its possibilities and capabilities, noting that the central bank developed a special anti - money laundering unit and is now in the process of activated to keep up with local and international requirements.
for his part, Executive Director of the Association of banks Ali Tariq , who the meeting was attended by the Association is seeking to develop training plans , especially in the field of combating money laundering and terrorism financing in order to serve the banking sector and the creation of advanced banking cadres working in accordance with the currently approved international standards.
http://ift.tt/1XUo4EE
http://ift.tt/1U6K6xk
" the theme of the fight against money laundering is "a fundamental criterion for dealing with any bank," because it reflects the work of the bank in terms of integrity and financial professional and ethical work.
he praised Governor of the Central Bank of Iraq to the great efforts exerted by the Iraqi private banks association for Ttoiralqtaa banker, explaining that this is one of the most important tasks undertaken by the Association.
He said central bank is prepared to cooperate with the Association in the implementation of programs related to " the fight against money laundering," and pour in the financial and economic sector interest .
He stressed on the Keywords on the importance of the pillar banks are basically in the fight against money laundering by virtue of its location and its possibilities and capabilities, noting that the central bank developed a special anti - money laundering unit and is now in the process of activated to keep up with local and international requirements.
for his part, Executive Director of the Association of banks Ali Tariq , who the meeting was attended by the Association is seeking to develop training plans , especially in the field of combating money laundering and terrorism financing in order to serve the banking sector and the creation of advanced banking cadres working in accordance with the currently approved international standards.
http://ift.tt/1XUo4EE
http://ift.tt/1U6K6xk
via Dinar Recaps - Our Blog http://ift.tt/1U6JfN7
No comments:
Post a Comment