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Community banks charge the crime of money laundering .. between truth and allegation
6/14/2015
The money laundering and economic crimes process of months, which is punishable by law, and means the recycling of funds resulting from illegal actions in the areas of investment channels and legitimacy to hide the true source of these funds. Known specialists in economic affairs money laundering as a set of financial operations aimed at legalization obtained from a non-legitimate source of funds so that these processes involve masking obtained money source it from criminal activities and make it appear in the legitimacy of what could be the perpetrators to benefit from the proceeds of their crimes publicly image .
In spite of the seriousness of these crimes, he has been charged through local statements, to private banks and some private banks association, in this regard without identified, what irritated Association which warned of negative consequences that affect the banking sector if it were directed charges of money laundering crimes without specifying a particular responsibility Bank of violating the instructions for this.
Association confirmed that the style of the circular adopted by some of the statements is not compatible with support for the private banks and the aspiration towards exploring new horizons in service performance of the national economy.
In the opinion of the Executive Director of the Association of Iraqi private banks Tariq Ali, that the adoption of mechanisms to put an end to the crime of money laundering and smuggling legislation with strict laws in this regard, "the sponsor to confront this crime."
He said in a statement the Iraqi National News Agency / Nina /, that "money laundering operation would damage the national currency and reduce its value because of the depletion of Iraq's reserves of hard currency through smuggled out of Iraq."
He added that "the Iraqi private banks association is keen to communicate with all banks for their commitment to the instructions of the Central Bank of Iraq for addressing the crime of money laundering, the Association does not see any need for the dissemination of the charges on the responsibility of any bank if it were proven his inclusion in these accusations."
For his part, Economic Adviser to the Prime Minister said the appearance of Mohammed Saleh, said that "money laundering offense needs a strong and effective law of Parliament in cooperation with the regulatory authorities and the executive, because funds a wide process of washing process and the need to find common political umbrella of all departments and agencies to prosecute criminals," referring to "The audit procedures and information depends on the legislation before the House of Representatives."
He said that "these crimes outside the law and affect the political and government stability and economic transactions of the country, a recent crimes because of the financial and international openness and financial globalization," he said, adding that he must everyone to work legislation laws to curb such crimes.
And he had been transferred from the Parliamentary Integrity Committee member Mohammed universe, as saying in an earlier statement, said that "some private banks, joint-money laundering crimes, it is not possible that the state of destination to transfer money out of the country unless there is coordination with the banks, particularly private."
He added that "there are political and partisan views influential owns some shares in those banks, which is the interface of the facades of corruption and money laundering and currency smuggling."
He noted that "evidence of the involvement of some banks in the smuggling and money laundering operations is that we if we look at the activities of these banks will not find her any real banking activity except an actual transfer of funds or buying and selling the currency."
He said the fact that: "We have a lot of information about such a crime, and we have opened an extensive investigation in this regard within a large file", adding that "the Integrity Commission, collects information and evidence and documents and then put it in the Integrity Commission file, and the body in turn refer this file to 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 the work of private banks, which is a very essential issue."
He stressed that "the central bank 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." On the other hand revealed the parliamentary finance committee member Masood Haider, for the formation of a committee for the five-year follow-up and verification in money laundering and the smuggling of hard currency process.
He said in a press statement that "the Commission held a meeting with the Minister of Finance and Director of Tax and Customs Authority and director of the anti-money laundering and representatives of the Central Bank, and everyone expressed their willingness to cooperate."
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, with the exercise of justice in the sale, and claim the bank participating in the auction to provide input goods documents and data settling accounts and tax savings Alkmarki within 30 days from the date of purchase of the amount, and otherwise apply to it the penalties provided for in the Central Bank Act or regulations issued from it, and use other tools to keep banking on the strength of the dinar against the dollar.
It is said that the Iraqi Central Bank announced last March for 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, they returned so that he would double the country's imports, while border crossings tribunal considers that the new system "does not without problems "in spite of the possibility of a downgrade of corruption
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6/14/2015
The money laundering and economic crimes process of months, which is punishable by law, and means the recycling of funds resulting from illegal actions in the areas of investment channels and legitimacy to hide the true source of these funds. Known specialists in economic affairs money laundering as a set of financial operations aimed at legalization obtained from a non-legitimate source of funds so that these processes involve masking obtained money source it from criminal activities and make it appear in the legitimacy of what could be the perpetrators to benefit from the proceeds of their crimes publicly image .
In spite of the seriousness of these crimes, he has been charged through local statements, to private banks and some private banks association, in this regard without identified, what irritated Association which warned of negative consequences that affect the banking sector if it were directed charges of money laundering crimes without specifying a particular responsibility Bank of violating the instructions for this.
Association confirmed that the style of the circular adopted by some of the statements is not compatible with support for the private banks and the aspiration towards exploring new horizons in service performance of the national economy.
In the opinion of the Executive Director of the Association of Iraqi private banks Tariq Ali, that the adoption of mechanisms to put an end to the crime of money laundering and smuggling legislation with strict laws in this regard, "the sponsor to confront this crime."
He said in a statement the Iraqi National News Agency / Nina /, that "money laundering operation would damage the national currency and reduce its value because of the depletion of Iraq's reserves of hard currency through smuggled out of Iraq."
He added that "the Iraqi private banks association is keen to communicate with all banks for their commitment to the instructions of the Central Bank of Iraq for addressing the crime of money laundering, the Association does not see any need for the dissemination of the charges on the responsibility of any bank if it were proven his inclusion in these accusations."
For his part, Economic Adviser to the Prime Minister said the appearance of Mohammed Saleh, said that "money laundering offense needs a strong and effective law of Parliament in cooperation with the regulatory authorities and the executive, because funds a wide process of washing process and the need to find common political umbrella of all departments and agencies to prosecute criminals," referring to "The audit procedures and information depends on the legislation before the House of Representatives."
He said that "these crimes outside the law and affect the political and government stability and economic transactions of the country, a recent crimes because of the financial and international openness and financial globalization," he said, adding that he must everyone to work legislation laws to curb such crimes.
And he had been transferred from the Parliamentary Integrity Committee member Mohammed universe, as saying in an earlier statement, said that "some private banks, joint-money laundering crimes, it is not possible that the state of destination to transfer money out of the country unless there is coordination with the banks, particularly private."
He added that "there are political and partisan views influential owns some shares in those banks, which is the interface of the facades of corruption and money laundering and currency smuggling."
He noted that "evidence of the involvement of some banks in the smuggling and money laundering operations is that we if we look at the activities of these banks will not find her any real banking activity except an actual transfer of funds or buying and selling the currency."
He said the fact that: "We have a lot of information about such a crime, and we have opened an extensive investigation in this regard within a large file", adding that "the Integrity Commission, collects information and evidence and documents and then put it in the Integrity Commission file, and the body in turn refer this file to 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 the work of private banks, which is a very essential issue."
He stressed that "the central bank 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." On the other hand revealed the parliamentary finance committee member Masood Haider, for the formation of a committee for the five-year follow-up and verification in money laundering and the smuggling of hard currency process.
He said in a press statement that "the Commission held a meeting with the Minister of Finance and Director of Tax and Customs Authority and director of the anti-money laundering and representatives of the Central Bank, and everyone expressed their willingness to cooperate."
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, with the exercise of justice in the sale, and claim the bank participating in the auction to provide input goods documents and data settling accounts and tax savings Alkmarki within 30 days from the date of purchase of the amount, and otherwise apply to it the penalties provided for in the Central Bank Act or regulations issued from it, and use other tools to keep banking on the strength of the dinar against the dollar.
It is said that the Iraqi Central Bank announced last March for 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, they returned so that he would double the country's imports, while border crossings tribunal considers that the new system "does not without problems "in spite of the possibility of a downgrade of corruption
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