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Money laundering threatens the collapse of Iraq's economy
05-04-2015
Parliamentary Finance Committee revealed, Sunday, for the growing money laundering operations in the country to increase the number of banks and bank eligibility, confirmed the loss of Iraq billions of dollars since 2003 until now.
A member of the committee, MP Masood Haider in a press statement, seen by the (news) today, said that the 'committee got a lot of information and documents confirming this thing and makes them suspect companies and offices banking working on converting those amounts to Iraq's neighboring countries'.
He stressed that 'the evidence points to the exposure of Iraq to the process of money laundering very large over the past years, which is still continuing even now', pointing out that 'the Finance Committee and Ministry of Finance and the Central Bank decided to form a parliamentary committee graduate in order to investigate money laundering case, because of the subject of great danger and negative impact on the country's economy '.
For his part, said a member of the Parliamentary Finance Committee, Attorney Hossam punitive, that 'the Finance Committee agreed after the presence of the Minister of Finance and Director of laundering office funds to hold an initial meeting in the presence of Finance and the Parliamentary Integrity and the economy with the Presidency of the Council committees for the purpose of discussing placed money laundering and take deterrent action against the perpetrators of sabotaging the economy '.
Economists believe that the growing money laundering operations in the country in Iraq, was due mainly to the absence of regulatory laws on the banks of the civil and banks that would take down the maximum penalties for the perpetrators of the crime of money laundering.
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05-04-2015
Parliamentary Finance Committee revealed, Sunday, for the growing money laundering operations in the country to increase the number of banks and bank eligibility, confirmed the loss of Iraq billions of dollars since 2003 until now.
A member of the committee, MP Masood Haider in a press statement, seen by the (news) today, said that the 'committee got a lot of information and documents confirming this thing and makes them suspect companies and offices banking working on converting those amounts to Iraq's neighboring countries'.
He stressed that 'the evidence points to the exposure of Iraq to the process of money laundering very large over the past years, which is still continuing even now', pointing out that 'the Finance Committee and Ministry of Finance and the Central Bank decided to form a parliamentary committee graduate in order to investigate money laundering case, because of the subject of great danger and negative impact on the country's economy '.
For his part, said a member of the Parliamentary Finance Committee, Attorney Hossam punitive, that 'the Finance Committee agreed after the presence of the Minister of Finance and Director of laundering office funds to hold an initial meeting in the presence of Finance and the Parliamentary Integrity and the economy with the Presidency of the Council committees for the purpose of discussing placed money laundering and take deterrent action against the perpetrators of sabotaging the economy '.
Economists believe that the growing money laundering operations in the country in Iraq, was due mainly to the absence of regulatory laws on the banks of the civil and banks that would take down the maximum penalties for the perpetrators of the crime of money laundering.
[You must be registered and logged in to see this link.]
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