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Parliamentary Integrity: eligibility of banks and politicians behind the money-laundering offenses
06/09/2015
BAGHDAD / Noor Ali
Accused the Integrity Commission, the parliamentary, political and partisan views and some private banks being behind laundering and smuggling money crimes, and as the Commission confirmed that some of the political and party authorities in control of the capabilities of these banks, it is just a facade of interfaces corruption and money laundering, he drew Economic Adviser to the Prime Minister, that the country need strong legislation and effective law to limit or reduce this phenomenon.
A member of the Parliamentary Integrity Committee, Mohammed fact, in an interview for the "long" that "some private banks a common money laundering crimes, where that is not possible to play any party to transfer money out of the country unless there is coordination with the banks, and especially civil."
He continued the fact that by saying, "There is a political and partisan influential bodies, some shares owned in those banks, which is the interface of the interfaces of corruption, money laundering and smuggling of currency."
He noted that "the significance of the involvement of some banks in the smuggling and money laundering are we if we look at those activities banks will not find her any banking activity real effective except for the transfer of funds or buying and selling the currency. "
He emphasized the fact that: "We have a lot of information and Alakhbarat for such a crime, and we have opened an extensive investigation in this regard within a large file, and there is a serious role for the Parliamentary Integrity Committee in this frame, "and expressed hope that" the completion of this file after the legislative recess despite the bulkiness. "
Noting there are "Integrity Committee collects information and evidence and documents and then put it in the Integrity Commission file, and the body in turn refer this file to the Iraqi judiciary."
He pointed out, "We have to fight against corruption and the corrupt to eliminate this phenomenon, as well as to tighten control over private banks work which is very necessary."
He called for the need that "the central bank takes real role to follow up issues related to smuggling and money laundering, and to take the observations of the Court of control Finance, through follow-up to some of the paragraphs and audited and Taguibaa, with other supervisory departments. "
He continued by saying that "the central bank that monitors the private banks and then take the appropriate decision, especially banks that do not have a real job, working as fronts for the smuggling of currency."
so , Economic Adviser to the Prime Minister, the appearance of Mohammed Saleh, in an interview for the "long" that "the crime of money laundering need to be strong and effective law of Parliament in cooperation with the regulatory authorities and the executive said, because the money laundering process and extensive process and need a common political umbrella, of all departments and agencies to prosecute criminals, "adding that" audit procedures and information depends on the legislation before the House of Representatives. "
He pointed out that "money laundering crimes, accounting for 5% of gross domestic product for the countries of the world combined."
He said, economic adviser, said "These crimes outside the law affect the political, governmental and macroeconomic stability transactions of the country, a recent crimes because of the financial and international openness and financial globalization."
He concluded his speech by saying "We must join together all the national bodies among themselves with the legislation of laws to curb such crimes."
revealed a member of the parliamentary finance committee Masood Haider (April 4, 2015) that his committee had formed a committee a five-year follow-up and verification of money laundering and the smuggling of hard currency process.
Haider said in a press statement that "the Commission held a meeting with the Minister of Finance and Director of the General Authority for taxes and customs and the director of the Anti-Money Laundering and representatives of the Bank Central, on the subject of money laundering and everyone expressed their willingness to cooperate, noting that the Committee will hold a meeting with the committees of integrity, investment and economy, parliamentary, and then with the Presidency to inform them of what was going on and what the committee's findings. "
The current year's budget law, committed the Central Bank of Iraq, in paragraph 50, identifying sales of foreign currency (dollar) in the daily auction ceiling does not exceed 75 million dinars, with the exercise of justice in the sale, and claim participant in the auction the bank to provide the introduction of goods and data documents settling accounts and tax savings Alkmarki within 30 days from the date of purchase of the amount, and otherwise apply the penalties provided for in the Central Bank Act or regulations issued it, and use other banking instruments to maintain the strength of the dinar against the dollar.
The Central Bank of Iraq, announced (17 March 2015) , the adoption of a new mechanism for the payment of taxes and control of "money laundering" through prepayment of taxes and customs for goods entering Iraq, returned to that will double the country's imports, while considered border crossings body, that the new system "is not without its problems," in spite of the possibility of downgrade "corruption".
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06/09/2015
BAGHDAD / Noor Ali
Accused the Integrity Commission, the parliamentary, political and partisan views and some private banks being behind laundering and smuggling money crimes, and as the Commission confirmed that some of the political and party authorities in control of the capabilities of these banks, it is just a facade of interfaces corruption and money laundering, he drew Economic Adviser to the Prime Minister, that the country need strong legislation and effective law to limit or reduce this phenomenon.
A member of the Parliamentary Integrity Committee, Mohammed fact, in an interview for the "long" that "some private banks a common money laundering crimes, where that is not possible to play any party to transfer money out of the country unless there is coordination with the banks, and especially civil."
He continued the fact that by saying, "There is a political and partisan influential bodies, some shares owned in those banks, which is the interface of the interfaces of corruption, money laundering and smuggling of currency."
He noted that "the significance of the involvement of some banks in the smuggling and money laundering are we if we look at those activities banks will not find her any banking activity real effective except for the transfer of funds or buying and selling the currency. "
He emphasized the fact that: "We have a lot of information and Alakhbarat for such a crime, and we have opened an extensive investigation in this regard within a large file, and there is a serious role for the Parliamentary Integrity Committee in this frame, "and expressed hope that" the completion of this file after the legislative recess despite the bulkiness. "
Noting there are "Integrity Committee collects information and evidence and documents and then put it in the Integrity Commission file, and the body in turn refer this file to the Iraqi judiciary."
He pointed out, "We have to fight against corruption and the corrupt to eliminate this phenomenon, as well as to tighten control over private banks work which is very necessary."
He called for the need that "the central bank takes real role to follow up issues related to smuggling and money laundering, and to take the observations of the Court of control Finance, through follow-up to some of the paragraphs and audited and Taguibaa, with other supervisory departments. "
He continued by saying that "the central bank that monitors the private banks and then take the appropriate decision, especially banks that do not have a real job, working as fronts for the smuggling of currency."
so , Economic Adviser to the Prime Minister, the appearance of Mohammed Saleh, in an interview for the "long" that "the crime of money laundering need to be strong and effective law of Parliament in cooperation with the regulatory authorities and the executive said, because the money laundering process and extensive process and need a common political umbrella, of all departments and agencies to prosecute criminals, "adding that" audit procedures and information depends on the legislation before the House of Representatives. "
He pointed out that "money laundering crimes, accounting for 5% of gross domestic product for the countries of the world combined."
He said, economic adviser, said "These crimes outside the law affect the political, governmental and macroeconomic stability transactions of the country, a recent crimes because of the financial and international openness and financial globalization."
He concluded his speech by saying "We must join together all the national bodies among themselves with the legislation of laws to curb such crimes."
revealed a member of the parliamentary finance committee Masood Haider (April 4, 2015) that his committee had formed a committee a five-year follow-up and verification of money laundering and the smuggling of hard currency process.
Haider said in a press statement that "the Commission held a meeting with the Minister of Finance and Director of the General Authority for taxes and customs and the director of the Anti-Money Laundering and representatives of the Bank Central, on the subject of money laundering and everyone expressed their willingness to cooperate, noting that the Committee will hold a meeting with the committees of integrity, investment and economy, parliamentary, and then with the Presidency to inform them of what was going on and what the committee's findings. "
The current year's budget law, committed the Central Bank of Iraq, in paragraph 50, identifying sales of foreign currency (dollar) in the daily auction ceiling does not exceed 75 million dinars, with the exercise of justice in the sale, and claim participant in the auction the bank to provide the introduction of goods and data documents settling accounts and tax savings Alkmarki within 30 days from the date of purchase of the amount, and otherwise apply the penalties provided for in the Central Bank Act or regulations issued it, and use other banking instruments to maintain the strength of the dinar against the dollar.
The Central Bank of Iraq, announced (17 March 2015) , the adoption of a new mechanism for the payment of taxes and control of "money laundering" through prepayment of taxes and customs for goods entering Iraq, returned to that will double the country's imports, while considered border crossings body, that the new system "is not without its problems," in spite of the possibility of downgrade "corruption".
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