College of Administration and Economics

Within the framework of enhancing academic and financial cooperation to educate the community about the importance of banking compliance, the Department of Banking and Financial Sciences at the University of Mosul,
Under the patronage of Prof. Dr. Qusai Kamal Al-Din Al-Ahmadi, President of the University of Mosul,
Under the supervision of Prof. Dr. Thaeir Ahmed Saadoon Al-Samman, and the follow-up of Dr. Hussein Lazem Al-Zaidi, Director General of the Central Bank of Iraq – Mosul Branch,
A scientific symposium entitled “Compliance and its role in reducing money laundering operations”.
The seminar was held in Discussion Room 2 on the morning of Thursday, November 14, 2024, at 10 a.m.

The opening ceremony of the symposium was attended by a number of prominent figures, including the Dean of the College, the Director General of the Central Bank – Mosul Branch, in addition to the Assistant Dean for Scientific and Administrative Affairs, the Head of the Department of Financial and Banking Sciences, a number of faculty members, university students, and employees of the Central Bank.

The seminar began with an introduction to the importance of financial compliance as a key pillar to ensure the integrity and stability of the financial system. It was stressed that compliance plays a key role in the application of laws and procedures aimed at preventing financial crime, which contributes to the protection of the national economy, especially in Iraq, which faces significant economic and financial challenges. The seminar stressed the importance of effectively applying compliance standards as a means of reducing money laundering operations that negatively affect the national economy.

The symposium  aimed to enhance banking compliance techniques as a tool to reduce money laundering operations, by relying on the latest technologies that help detect illegal financial transactions, promoting a “Know Your Customer” (KYC) policy, in addition to training employees and developing their skills for early detection of illegal financial activities.

At the end of the seminar, attendees expressed the importance of these initiatives in educating financial sector professionals about the importance of banking compliance and its pivotal role in enhancing confidence in the financial system and protecting the economy from emerging financial challenges.