Payments and FX Compliance for Iraqi Banks
Cross-border financial transactions require alignment with foreign exchange controls, AML screening, and correspondent banking policies. Banks must manage operational, regulatory, and sanctions implications during international transfers.
Compliance Factors
- FX authorization rules
- Correspondent banking due diligence
- Sanctions screening and restrictions
- Customer and trade documentation requirements
- Repatriation and profit distribution rules
Operational Challenges
- Currency availability
- Transaction delays due to compliance checks
- Differing documentation standards between jurisdictions
How Etihad Can Assist
Etihad provides legal and regulatory advisory services to banks, financial institutions, and businesses, supporting compliance with applicable laws, regulations, and regulatory guidance issued by any competent authorities.