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April 26, 2014
Bank of Lebanon: Iraqi our banks have entered the market to achieve the quality of financial boom and check frequently to avoid money laundering
Baghdad - Announced Lebanon's central bank, said on Saturday that the Lebanese banks have entered Iraq in order to open new horizons and achieve a qualitative leap in the financial realities and local economic, as he emphasized that as well as those of banks scrutinizing much in the dealings of their customers to make sure that there are no operations of money laundering in support of terrorism.
This came during a conference of the Iraqi banking Lebanese, which ends today, in Beirut, according to a statement of the Central Bank of Iraq, took over the (long-Presse), a copy of it.
He said Central Bank Governor Riad Salameh, said that "Lebanese banks of the seven that have opened branches in the provinces of Baghdad, Erbil and Basra, Najaf and Karbala, did not come to Iraq with the aim of entering into tenders dollar organized by the central bank through currency auction," noting that "Lebanese banks came to join Chirfah full employment and the development of the Iraqi market and open up new banking both in terms of credit or loan, because Iraq is characterized Bzbaúnh good.
He added safety, that "the Lebanese central bank is committed to strong mechanisms followed with banks that want to open branches in Iraq," noting that the Central Bank of Lebanon, is closely watching those banks and dealings in Iraq through the committees formed by the duration and the other.
The governor of Lebanon's central bank, the "bank checks frequently in the dealings of customers of banks that are supervised by to make sure the lack of money laundering in support of terrorism, as well as do banks that have a branch in Iraq," pointing out that "Lebanese banks are almost similar in their dealings counterparts European So they enter the Iraqi market is a quantum leap in banking, especially as one of the largest banks in Lebanon and the world.
The governor of the Iraqi Central Bank and the Agency, Abdel Basset Turki newborn, opened on Friday (the 25th of April 2014 the current), the conference of the Iraqi banking - the Lebanese, which will continue for two days, (25-26 Maysan, 2014), indicating that there are seven branches of Lebanese banks in Iraq, with requests for the opening of branches of other banks, while stressing governor of the Central Bank of Lebanon, Riad Salameh, the Lebanese banks seeking to invest in Iraq and the expansion of the open branches there.
He revealed the CBI, in (the fourth of April 2014 now), announced the opening of 15 branches of the Arab banks or foreign country during the last three months of 2014, the current, as a result of his policy of openness to the world, noting that the withdrawal of leave one branch of the Arab bank for violating the conditions stipulated in the laws.
The governor of the Iraqi Central Bank and the Agency, Abdul-Basit Turki, had threatened during a financial conference held in Dubai, two months ago, the withdrawal of licenses of five banks operating in Iraq (unspecified), unless they increase their capital.
It consists of the banking system in Iraq from 43 banks, as well as the central bank, and are distributed according to government ownership between seven and 30 waged, including seven Islamic, as well as six foreign banks. source
