The Central Bank of Iraq announced that its Banking Studies Center has concluded a specialised training course on developing a compliance culture and combating illicit financing. The programme focused on strengthening staff understanding of compliance concepts and anti-money laundering and counter-terrorist financing (AML/CFT) requirements and their practical application in the workplace. It also covered identifying suspicious transactions, reporting mechanisms, and complying with relevant legislation and supervisory instructions, alongside reinforcing an institutional culture centred on risk management and transparency to help protect institutions and the financial sector from illicit financing risks.
Central Bank of Iraq 2026-03-05
Central Bank of Iraq concludes specialised course to strengthen compliance culture and AML/CFT capabilities
The Central Bank of Iraq's Banking Studies Center completed a training course on compliance culture and combating illicit financing. The program enhanced staff understanding of compliance, anti-money laundering, and counter-terrorist financing requirements, focusing on practical application, suspicious transaction identification, and reporting mechanisms. It aimed to reinforce a culture of risk management and transparency to protect institutions and the financial sector from illicit financing risks.