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Financial Parliament reveal suspicions of corruption prosecute banks in Erbil bought $ 4 billion
– April 8, 2015
Senior central bank officials viewing the Parliament cash crisis
Financial Parliament reveal suspicions of corruption prosecute banks in Erbil bought $ 4 billion
Baghdad -abas Baghdadi
Parliamentary Finance Committee revealed the existence of suspicions of money laundering in a bank for $ 4 billion in 2014, confirming that it was discussed with the Governor of the Central Bank and the Director of the Department of money laundering reduce the phenomenon. The committee member said Jabbar Abdul Khaliq (time) yesterday that the (Commission hosted the Governor of the Central Bank and a number of senior staff as well as the Director-money laundering department of the Bank), explaining that (Committee examined the treatment of waste to sell foreign currency at the auction, where it was noted that there selloff Fake dollars without having versus commodities or goods), stressing that (the conferees discussed the development of mechanisms of coordination between the central bank and the Customs Service and money laundering to limit sales operations phantom), said Abdul Khaliq that (Director of money laundering department attributed the weakness of the role of his department to the absence of legislation and possibilities the department and this is justified, but there is some legislation in the Council of State include the expansion of the powers of the money laundering circle and this in the event of approval will support the work of the department) and revealed that (a bank in Arbil bought within one year $ 4 billion without corresponding goods or merchandise and therefore suspicions hovering about the existence of money laundering operations in the bank, etc.). It is said that Abdul Khaliq did not name the bank, and said (the existence of money laundering operations are more codified) and on the crisis of the scarcity of liquidity said that (the action taken determining central bank sales in the budget was intended to reduce the smuggling of currency operations, but one of the consequences of that action is lack of liquidity in the market and this led to the rise of the dollar rate against the dinar) said Abdul Khaliq to that (the country is suffering from an economic crisis, but the government is bankrupt and therefore It requires some patience to stabilize the financial situation in the market and then stabilize prices either on the treatment of the economic crisis, then it is needs to be a combination of all the state's efforts to confront them).
Said in a statement yesterday that the (Finance Committee hosted the Governor of the Central Bank adviser and former deputy governor and director general release Directorate of the Treasury and the Director General of the Directorate of Accounts and director of banking and credit, and the Director of Banking Studies Center and Director of the Office to report money laundering in the central bank, has been discussed assets and net reserves of domestic credit and the net in the balance sheet of the bank and the foundation and critical statement said (touched on the reasons that had to move the exchange rate in the market that gap and profit monopoly influential happening on the official exchange rate and stumbled processors in this area as well as the Banking Act and the law against money laundering and the creation of money transfer companies, which arrived number to more than 1,500 companies) and said he (was discussed investment banking development commensurate with the bank liquidity in accordance with the special liquidity and obliging banks to allocate funds for lending and review of Statistics of credit and cash investments, total assets and overall systems as well as a project to delete the zeros and its implications and the development of financial categories standards facilitates the storage and study of new factors and appropriate market conditions and inflationary effects and artistic ways to maintain the currency of fraud before proceeding to implement it).
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– April 8, 2015
Senior central bank officials viewing the Parliament cash crisis
Financial Parliament reveal suspicions of corruption prosecute banks in Erbil bought $ 4 billion
Baghdad -abas Baghdadi
Parliamentary Finance Committee revealed the existence of suspicions of money laundering in a bank for $ 4 billion in 2014, confirming that it was discussed with the Governor of the Central Bank and the Director of the Department of money laundering reduce the phenomenon. The committee member said Jabbar Abdul Khaliq (time) yesterday that the (Commission hosted the Governor of the Central Bank and a number of senior staff as well as the Director-money laundering department of the Bank), explaining that (Committee examined the treatment of waste to sell foreign currency at the auction, where it was noted that there selloff Fake dollars without having versus commodities or goods), stressing that (the conferees discussed the development of mechanisms of coordination between the central bank and the Customs Service and money laundering to limit sales operations phantom), said Abdul Khaliq that (Director of money laundering department attributed the weakness of the role of his department to the absence of legislation and possibilities the department and this is justified, but there is some legislation in the Council of State include the expansion of the powers of the money laundering circle and this in the event of approval will support the work of the department) and revealed that (a bank in Arbil bought within one year $ 4 billion without corresponding goods or merchandise and therefore suspicions hovering about the existence of money laundering operations in the bank, etc.). It is said that Abdul Khaliq did not name the bank, and said (the existence of money laundering operations are more codified) and on the crisis of the scarcity of liquidity said that (the action taken determining central bank sales in the budget was intended to reduce the smuggling of currency operations, but one of the consequences of that action is lack of liquidity in the market and this led to the rise of the dollar rate against the dinar) said Abdul Khaliq to that (the country is suffering from an economic crisis, but the government is bankrupt and therefore It requires some patience to stabilize the financial situation in the market and then stabilize prices either on the treatment of the economic crisis, then it is needs to be a combination of all the state's efforts to confront them).
Said in a statement yesterday that the (Finance Committee hosted the Governor of the Central Bank adviser and former deputy governor and director general release Directorate of the Treasury and the Director General of the Directorate of Accounts and director of banking and credit, and the Director of Banking Studies Center and Director of the Office to report money laundering in the central bank, has been discussed assets and net reserves of domestic credit and the net in the balance sheet of the bank and the foundation and critical statement said (touched on the reasons that had to move the exchange rate in the market that gap and profit monopoly influential happening on the official exchange rate and stumbled processors in this area as well as the Banking Act and the law against money laundering and the creation of money transfer companies, which arrived number to more than 1,500 companies) and said he (was discussed investment banking development commensurate with the bank liquidity in accordance with the special liquidity and obliging banks to allocate funds for lending and review of Statistics of credit and cash investments, total assets and overall systems as well as a project to delete the zeros and its implications and the development of financial categories standards facilitates the storage and study of new factors and appropriate market conditions and inflationary effects and artistic ways to maintain the currency of fraud before proceeding to implement it).
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