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IASCA to Cooperate with the Central Bank of Iraq, Signs Agreement with Iraq Private Banks League
10-Sep-2017
BAGHDAD - A delegation representing Talal Abu-Ghazaleh Organization (TAG-Org) and the Arab International Society of Certified Accountants (IASCA), agreed with the Governor of the Central Bank of Iraq (CBI), Mr. Ali Mohsin Ismail Al-Alaq, on various means of cooperation.
Al-Alaq emphasized that CBI is fully prepared to cooperate with TAG-Org, especially where consistent with CBI’s objectives related to the implementation of work practices compatible with the best international standards.
Discussions with Al-Alaq incorporated the need to develop a plan for the training and the development of CBI’s human resources in the field of Information Technology, as well as CBI's extensive efforts to obtain implementation of IT technologies certification based on international standards.
Al-Alaq stated that the general approach now is to develop banking services and to introduce new banking products and e-payment systems based on advanced technologies to meet challenges facing the banking sector and to set up an advanced monitoring system of all e-banking activities and services.
During the delegation’s visit to TAG-Org Baghdad Office, Mr. Salem Al Ouri, Executive Director of the Arab International Society of Certified Accountants (IASCA), signed a training agreement with Iraq Private Banks League that aims at providing specialized training to Iraqi banks’ staffs on risk management.
On the sidelines of the visit, the League held a workshop entitled "Development of Information Technology" based on CBI's instructions, that was attended by 90 employees of the Iraqi banks.