Baghdad The Central Bank announced, on Tuesday, the acceptance of Iraq’s nomination to the Egmont Group for Financial Intelligence Units, which includes 167 countries.
The Bank stated in a statement, “The efforts made by Iraq, represented by the Anti-Money Laundering and Terrorist Financing Office in the Central Bank of Iraq, culminated in obtaining approval of the office’s nomination to join the Egmont membership of the financial investigation units after the approval of the heads of the financial investigation units during the group meetings to be held during next July.
He added, “The report of the field visit to the Republic of Iraq that was carried out by representatives of the sponsoring countries was discussed during the meeting of the Working Group on Membership, Support and Commitment MSCWG held in Senegal on 1/31/2023, and the group concluded after presenting the report by the representatives of the sponsoring countries to nominate the office for membership.” The Egmont Group with full membership during the July 2023 meetings.
He pointed out, “The support provided by the group includes expanding and organizing international cooperation in the exchange of financial intelligence information, increasing the effectiveness of financial information units by providing training and exchanging employees to improve the expertise and capabilities of employees, and enhancing secure communication among units through the application of technology via the network ” Egmont Safe”.
Source: National Iraqi News Agency