BDO Iraq has launched a specialized Compliance and AML training diploma for the Credit Bank of Iraq.
BDO Iraq has launched a specialized Compliance and AML training diploma for the Credit Bank of Iraq.
Baghdad – Iraq, 2025 – BDO Iraq has successfully concluded an intensive diploma program in compliance, anti-money laundering (AML), and countering the financing of terrorism (CFT), designed specifically for employees of the Credit Bank of Iraq with the aim of strengthening integrity and transparency in the financial sector.
The program was delivered over five days, from July 30 to August 3, 2025, through BDO Iraq Academy in a blended format combining in-person and online sessions, with participation from staff across different departments and branches in Baghdad, Erbil, and Basra. Developed in alignment with the Central Bank of Iraq’s regulations and the recommendations of the Financial Action Task Force (FATF), the program covered seven key areas: AML/CFT, risk self-assessment, trade-based money laundering, account opening procedures, sanctions and embargoes, advanced financial investigations, and building a compliance culture within financial institutions. The curriculum integrated strong theoretical frameworks with practical applications through lectures, case studies, and hands-on exercises drawn from the Iraqi banking context.
The training was led by a distinguished team of compliance and financial crime experts, including Dr. Ali Awartani and Mr. Musab Al-Dweik, who focused on interactive methodologies aimed at enhancing participants’ ability to detect and assess money laundering and terrorism financing risks, prepare suspicious activity reports, and address compliance challenges in line with the best international practices.
Ali Ghaleb, Partner at BDO Iraq, stated: “The success of this program reflects our deep commitment to empowering Iraqi financial institutions with the tools and knowledge needed to safeguard integrity and strengthen trust in the financial system. At BDO, we believe compliance is not merely a legal requirement, but the cornerstone of sound governance and the foundation of a modern, transparent financial sector capable of facing challenges and attracting investment.”
On his part, Jafar Alqaryouti, Partner – Business and Technology Consulting at BDO Iraq, noted that the program reflects the firm’s ability to combine global expertise with local insight, delivering practical training that equips Iraqi professionals to support the sustainable development and modernization of the financial sector.
This initiative embodies BDO Iraq’s mission to channel global expertise into supporting local institutions, and its vision of building a resilient and modern Iraqi financial sector rooted in excellence, responsibility, and integrity. By investing in capacity building, BDO Iraq continues to play a key role as a trusted partner to the banking sector in navigating emerging regulatory challenges, enhancing performance and reputation, and fostering integration into the global financial system.
As Iraq accelerates the modernization of its financial system, programs of this nature are essential for ensuring sustainability, strengthening competitiveness, and positioning the sector for long-term growth.
About BDO Iraq
BDO Iraq is a leading professional services and advisory firm in Iraq, operating in partnership with BDO Jordan and as a member of the BDO Global network. The firm delivers integrated solutions in financial and management consulting, taxation, support services, and training, combining local expertise with international standards to meet the evolving needs of the Iraqi market. Through the BDO Iraq Academy, the firm also provides specialized training and capacity-building programs designed to upskill professionals across key sectors, strengthen institutional performance, and foster a culture of compliance and innovation. BDO Iraq is firmly committed to contributing to the development of Iraq by building capacity, developing local talent, and empowering national professionals to drive economic growth and enhance the country’s position in the global economy.
The program was delivered over five days, from July 30 to August 3, 2025, through BDO Iraq Academy in a blended format combining in-person and online sessions, with participation from staff across different departments and branches in Baghdad, Erbil, and Basra. Developed in alignment with the Central Bank of Iraq’s regulations and the recommendations of the Financial Action Task Force (FATF), the program covered seven key areas: AML/CFT, risk self-assessment, trade-based money laundering, account opening procedures, sanctions and embargoes, advanced financial investigations, and building a compliance culture within financial institutions. The curriculum integrated strong theoretical frameworks with practical applications through lectures, case studies, and hands-on exercises drawn from the Iraqi banking context.
The training was led by a distinguished team of compliance and financial crime experts, including Dr. Ali Awartani and Mr. Musab Al-Dweik, who focused on interactive methodologies aimed at enhancing participants’ ability to detect and assess money laundering and terrorism financing risks, prepare suspicious activity reports, and address compliance challenges in line with the best international practices.
Ali Ghaleb, Partner at BDO Iraq, stated: “The success of this program reflects our deep commitment to empowering Iraqi financial institutions with the tools and knowledge needed to safeguard integrity and strengthen trust in the financial system. At BDO, we believe compliance is not merely a legal requirement, but the cornerstone of sound governance and the foundation of a modern, transparent financial sector capable of facing challenges and attracting investment.”
On his part, Jafar Alqaryouti, Partner – Business and Technology Consulting at BDO Iraq, noted that the program reflects the firm’s ability to combine global expertise with local insight, delivering practical training that equips Iraqi professionals to support the sustainable development and modernization of the financial sector.
This initiative embodies BDO Iraq’s mission to channel global expertise into supporting local institutions, and its vision of building a resilient and modern Iraqi financial sector rooted in excellence, responsibility, and integrity. By investing in capacity building, BDO Iraq continues to play a key role as a trusted partner to the banking sector in navigating emerging regulatory challenges, enhancing performance and reputation, and fostering integration into the global financial system.
As Iraq accelerates the modernization of its financial system, programs of this nature are essential for ensuring sustainability, strengthening competitiveness, and positioning the sector for long-term growth.
About BDO Iraq
BDO Iraq is a leading professional services and advisory firm in Iraq, operating in partnership with BDO Jordan and as a member of the BDO Global network. The firm delivers integrated solutions in financial and management consulting, taxation, support services, and training, combining local expertise with international standards to meet the evolving needs of the Iraqi market. Through the BDO Iraq Academy, the firm also provides specialized training and capacity-building programs designed to upskill professionals across key sectors, strengthen institutional performance, and foster a culture of compliance and innovation. BDO Iraq is firmly committed to contributing to the development of Iraq by building capacity, developing local talent, and empowering national professionals to drive economic growth and enhance the country’s position in the global economy.