The first regular session of the AML / CFT Council for the year 2020

His Excellency the Governor of the Central Bank of Iraq, Chairman of the Council for Combating Money Laundering and Terrorism Financing, Mr. Mustafa Ghaleb Makhaif, chaired the first regular session of the Council for the year 2020, which included members of the Council from the relevant ministries and departments not linked to a ministry.
The Council discussed several topics within the agenda, including due diligence controls for the special anti-money laundering and terrorist financing process (in the NGO Department in the General Secretariat of the Council of Ministers)
In addition, the due diligence controls to combat money laundering and terrorist financing of the Companies Registrar Department – the Ministry of Commerce were discussed, and the principle of bilateral cooperation between the Office of Anti-Money Laundering and Terrorism Financing and the General Tax Authority was discussed, in addition to discussing the measures taken with regard to the national assessment of money laundering risks. And terrorist financing.
The Council stressed the need to enforce the Law No. 39 of 2015 Combating Money Laundering and Terrorist Financing and the instructions and controls issued in accordance with it, with the necessity to activate workshops related to the presentation of the work of the Anti-Money Laundering and Terrorism Financing Office, the mechanism for reporting suspected cases and how to deal with these cases in a way that contributes to Spreading the culture of combating money laundering and terrorist financing.