The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, on Wednesday, with the assistance of the US Secretary of the Treasury, Elizabeth Rosenberg, discussed bilateral relations and discussed measures taken in the field of combating money laundering and terrorist financing.
The Central Bank’s media office said, in a statement received by Alsumaria News, that “Governor Ali Mohsen Al-Alaq received the assistant of the US Secretary of the Treasury, Elizabeth Rosenberg and her accompanying delegation,” noting that “the meeting discussed bilateral relations and discussed the measures taken by the Central Bank of Iraq in the field of combating money laundering and terrorist financing.”
He noted, “The confirmation of continued support provided by the US Treasury and joint efforts to enhance transparency, integrity, and the application of international compliance instructions in the Iraqi banking system.”
The two parties discussed “following up the outputs and results of the previous meetings between the Central Bank of Iraq on the one hand, and the US Treasury and the US Federal Bank on the other hand, as well as the possibility of providing technical support in the field of financing foreign trade through sober banking channels with mechanisms that enable the financing of legitimate foreign trade, in different currencies, including (the euro, the Chinese yuan, and the UAE dirham), as well as regulating the trade movement with the Republic of Turkey.”
The US Treasury Department praised “the efforts and steps of the Central Bank of Iraq to contract with international audit companies to ensure the accuracy and transparency of procedures.”
https://www.alsumaria.tv/news/politics/467582/البنك-المركزي-والخزانة-الأمريكية-يبحثان-تطبيق-تعلي
