The collaboration is expected to be segmented into regional entities: Qi UAE, Qi Jordan, and Qi Iraq. In Jordan, K2 Integrity plans to establish an extensive operations and compliance back office for Qi, which will integrate into Qi’s overall compliance framework. Additionally, K2 Integrity aims to use Qi’s UAE back office as a development hub and sandbox for new financial products and services.
More details about the Qi-K2 Integrity partnership indicate that this initiative is occurring amid Iraq’s economic recovery and increased integration with international financial entities such as central banks and foreign investors. The cooperation will help both companies continue addressing client needs while ensuring compliance with industry regulations.
This long-term collaboration spans a 36-month roadmap divided into three phases: evaluating and refining Qi’s current financial crime compliance (FCC) framework, training employees from all levels, including frontline staff and executive leadership, in globally benchmarked practices, and eventually transitioning the program to a self-sustaining model managed by Qi.
Key Information on the Qi x K2 Integrity Partnership
The partnership is designed not only to upgrade internal controls but also to establish a robust and efficient system for enhancing the integrity of Iraq’s financial sector.