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Parliamentary Finance emphasizes the new legislation regulating the work of private banks
3/29/15
Said the parliamentary finance committee member Ahmed Sarhan ready House study bill regulating illegal work of banks provided by the submission of the Council of Ministers or the Republic.
Sarhan and during his interview with "The trend Press" said that the House wait so laws by the Council of Ministers and the Republic because many banks, especially the civil them operate their own and away from the political and financial government or banking laws, stressing the need for new legislation regulating private banks work to follow Amlha.oadav that new legislation supports Iraqi banks the government and private two branches will contribute to the investment and reconstruction process of the country the fact that the banking system in Iraq, too late for the modern and sophisticated in Alm.alagdir mentioning regulations that a report of the Organization for Financial Integrity Global last little figures that Iraq has lost nearly six trillion dollars over the past ten years as a result of poor planning and the work of private banks as well as Alssayas.oadav report corruption that the money is legitimate in Iraq originated in suspicious transactions for a number of politicians and senior officials in addition to the embezzlement of public money operations that are being pumped again operations bleach through deposit in Iraqi banks experiencing weakness and lack of laws regulating the Ha.ccant international reports have indicated that Iraq has lost 6 trillion dollars over [10] years, because of crime, corruption and tax evasion, as well as money laundering.
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