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Parliamentary Finance reveal the involvement of government and community banks money laundering in Iraq
April 7, 2015
BAGHDAD
A member of the Finance Committee in Parliament MP Faleh Surrey, on Tuesday, about the involvement of government and community banks and other Arab money laundering in Iraq, as he emphasized that the money up to four billion dollars.
Sari said that "the Iraqi economy suffered a massive smuggling operations of the funds during the past three years," noting that "there is money laundering and smuggling."
He added that the force "smuggling and washing operations, where banks Iraqi civil unknown owner" involved, adding that "some government banks contributed to the financing of certain amounts."
He continued that "sometimes up the value of the amounts through money laundering operations to four billion dollars in Iraqi dinars any Mikabl 5 trillion Iraqi," asking, "Who is the person who has this amount of Iraqi currency?".
He Sari that "some of the Iraqi government banks contributed to funding, while the civil washing and conversion process, for goods does not exist and fake invoices," pointing out that "there are banks and clear-cut, which turned her money is in Dubai and Oman, and that these banks belong to those countries." .
He explained that "the measures that have omitted money laundering Iraqi bank department did not have the required level, and did not seize any person washing despite the presence of the law defines the functions of this department," noting that "the Ministry of Finance as if a hand spectator was not effective and weatherproof washings, during the last period." .
A report of the Institute of Government in Basel, Switzerland, in September 2014, that Iraq had occupied the sixth largest in the world in the highest risk in the fight against money laundering as the highest risk countries, noting that these countries, including Iran, Afghanistan, Cambodia, Tajikistan, Guinea-Bissau, Iraq, Mali countries , Swaziland, Mozambique, Myanmar. | ST |
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April 7, 2015
BAGHDAD
A member of the Finance Committee in Parliament MP Faleh Surrey, on Tuesday, about the involvement of government and community banks and other Arab money laundering in Iraq, as he emphasized that the money up to four billion dollars.
Sari said that "the Iraqi economy suffered a massive smuggling operations of the funds during the past three years," noting that "there is money laundering and smuggling."
He added that the force "smuggling and washing operations, where banks Iraqi civil unknown owner" involved, adding that "some government banks contributed to the financing of certain amounts."
He continued that "sometimes up the value of the amounts through money laundering operations to four billion dollars in Iraqi dinars any Mikabl 5 trillion Iraqi," asking, "Who is the person who has this amount of Iraqi currency?".
He Sari that "some of the Iraqi government banks contributed to funding, while the civil washing and conversion process, for goods does not exist and fake invoices," pointing out that "there are banks and clear-cut, which turned her money is in Dubai and Oman, and that these banks belong to those countries." .
He explained that "the measures that have omitted money laundering Iraqi bank department did not have the required level, and did not seize any person washing despite the presence of the law defines the functions of this department," noting that "the Ministry of Finance as if a hand spectator was not effective and weatherproof washings, during the last period." .
A report of the Institute of Government in Basel, Switzerland, in September 2014, that Iraq had occupied the sixth largest in the world in the highest risk in the fight against money laundering as the highest risk countries, noting that these countries, including Iran, Afghanistan, Cambodia, Tajikistan, Guinea-Bissau, Iraq, Mali countries , Swaziland, Mozambique, Myanmar. | ST |
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