Here are the key components [of the new training happening now]: First, Cross Border Payments – Iraq did a very poor job of remittances across borders which branded it as untrustworthy and undependable. This training will give Iraqi banks the necessary tools to completely eliminate the former days of suspicion. This will open up the wide world of trade which will in turn continue to drive up demand for this valuable currency. Second, Financial Integrity – The banking industry has struggled with corruption and inefficiency…No one wants to take a chance on countries that cannot be trusted. This training is tackling these problems head on. Adherence to AML standards is a must. (Anti-Money Laundering) The mere involvement with K2 Integrity consultants, the gold standard…sends a clear message that Iraq is serious about becoming a global partner. This is the final piece of the RV puzzle.
