The Bank’s compliance policy requires that the operations of the Bank are carried out at all times in conformity with the highest ethical standards in full observance of all applicable laws and regulations of Iraq, international best practices and conventions collated by international bodies. The policy also requires compliance with internal policies, standards, guidelines and procedures as approved from time to time by the Board.
With reference to FATCA (Foreign Account Tax Compliance Act) which come into effect and its implications for financial institutions as of 1st July 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 Al Janoob Islamic Bank for Investment and Financing Iraq. Our Fatca GIIN: KXJVTU.99999.SL368