Iraqi Workshop Highlights Governance and Compliance in the Banking Sector
The Financial and Accounting Training Center organized a workshop titled “The Role of Governance and Compliance in Enhancing Transparency and Accountability in the Banking Sector,” with the participation of employees from various government institutions.
The workshop addressed the importance of establishing clear governance frameworks within financial and banking institutions, as well as the role of compliance units in ensuring adherence to laws and regulations and mitigating operational and financial risks.
Participants also discussed the relationship between governance and transparency, and the impact of proper disclosure and effective internal controls on protecting depositors’ funds and strengthening public confidence in the banking system.
The topic is particularly significant as Iraq continues its efforts to develop its banking sector, strengthen its integration with the international financial system, and improve compliance with anti-money laundering and counter-terrorist financing (AML/CFT) requirements.
The workshop forms part of the Center’s training programs aimed at developing the skills and capabilities of professionals working in the financial, accounting, and banking sectors.