Compliance and Anti Money Laundering are two autonomous departments of IDB. They helps protect the Bank and promote a robust compliance culture throughout the Bank by providing regulatory, Anti Money Laundering and compliance advice and guidance (e.g., policy and training) to all areas of the bank. We have invested heavily whereas we aspire to be:
With reference to FATCA (Foreign Account Tax Compliance Act) which come into effect and its implications for financial institutions as of July 1, 2014, we hereby declare of being "FATCA compliant" in the status of reporting Financial Institution Single Status under "Model 2 IGA". IRS (Internal Revenue Service) has assigned the following GIIN (Global Intermediary Identification Number) to International Development Bank of Iraq (IDB Iraq). International Development Bank of Iraq (IDB) GIIN: CQM1W8.99999.SL.368.
Our registration can also be found on the official FFI list as per the following link: http://apps.irs.gov/app/fatcaFfiList/flu.jsf