Latest news with #Anti-MoneyLaunderingandCombatingtheFinancingofTerrorism
Daily Tribune
15-06-2025
- Business
- Daily Tribune
Ebdaa CEO Joins Key AML/CFT Conference in Iraq
Dr. Khaled Al-Ghazzawi, CEO of Ebdaa Microfinance, took part in the second edition of the 'Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Conference' held in Baghdad, Iraq. The conference, held under the theme 'Challenges Facing Arab Banks in Complying with International Regulations and Meeting Correspondent Banking Requirements,' was organized under the patronage of H.E. Mr. Mohammed Shia Al Sudani, Prime Minister of Iraq. It was jointly hosted by the Central Bank of Iraq, the Union of Arab Banks, and the Iraqi Private Banks League.
Sharjah 24
10-06-2025
- Business
- Sharjah 24
CBUAE imposes sanctions of AED12.3 M on exchange houses
Reasons for sanctions The sanctions were enacted based on findings from examinations conducted by the CBUAE. These examinations revealed violations and failures by the six exchange houses to comply with the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) framework and related regulations. CBUAE's commitment to compliance Through its supervisory and regulatory mandates, the CBUAE strives to ensure that all exchange houses, along with their owners and staff, adhere to UAE laws, regulations, and standards. This commitment aims to maintain transparency and integrity in financial transactions and protect the UAE financial system.
Iraqi News
30-05-2025
- Business
- Iraqi News
UN: Iraq will become a global banking powerhouse
Baghdad – INA The UN Secretary-General's Special Representative, Mohammed Al-Hassan, confirmed that Iraq will become a banking powerhouse internally and externally. In a statement to the Iraqi News Agency (INA) on Friday, Al-Hassan said, "The words spoken during the Anti-Money Laundering and Combating the Financing of Terrorism conference indicated that Iraq is facing a regional and international challenge to regain its standing." He added, "The Iraqi economic system cannot be complete without an effective financial sector internally and externally," noting that "Iraq is committed to taking positive steps to restore confidence in the financial and banking sector in Iraq." Al-Hassan emphasized that "the United Nations supports Iraq's approach, which will, in the coming days, become an interactive banking powerhouse internally and externally." He emphasized that "the fight against terrorism is not a scourge that has afflicted Iraq alone, but the entire world, and the sacrifices that Iraq has made in lives and money are not insignificant or small." He noted that "these sacrifices must be completed, extended, and continued to restore Iraq's position in the financial and banking sector."
