المسؤولية المدنية لمراقب الإمتثال في المصارف

Abstract EN

Ensuring the success of banks in their work requires continued monitoring of bank activities, especially their compliance with the provisions of banking legislation.

The risk of non-compliance with the laws, instruction and regulations of the Central bank is one of the most important risks affecting the activity, reputation and credibility of banks, and to prevent these risks, the Iraqi legislator introduced the function of compliance monitor which aimed to controlling and directing the work of banks to the right destination that serves the interests of all relevant parties.

In the exercise of his function, the compliance monitor commits to duties defined by law that distinguish him from the internal auditor and central bank inspectors, in the course of its work, the compliance monitor may breach its legally defined obligations, which entails damage to others, damage that must be removed in accordance to the provisions of civil liability.