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Parliamentary Finance: There are no accurate statistics on money laundering
2015/07/13 14:06
Tomorrow Press / Baghdad: Finance Committee confirmed on Monday, the absence of any figures or accurate statistics on the money that take place in Iraq laundering operations, calling on the concerned authorities to adopt international standards. The committee member said Jabbar Abdul Khaliq for "tomorrow Press", that "operations money laundering have negative repercussions began to affect the social and economic balance, but there are no figures or precise figures on its size. " said Abdul Khaleq that "there are many manifestations disclose the spread of the phenomenon of money laundering, including the spread of the phenomenon of the establishment of phantom companies and some of the motor trade and some restaurants and stores that sell building materials and the purchase and sale of land and property and some of the travel agencies, "he said." These are all indications of the existence of money laundering operations in Iraq. " He said Abdul Khaliq that "the success of the anti-money laundering operations are not through legislation, law recently approved by the Council of Ministers and pushed him to the House of Representatives for a vote, but it is through the building of effective control devices comply with the laws regulators and regulations relating to the financial and banking system, as well as a commitment to financial institutions to verify the identities of people dealing with it, especially traders with money abnormal and ensure legal legitimacy to that money and coordination between the banking institutions and regulatory and other ones of integrity. " He noted member of the Finance Committee that "it is necessary to give the central bank an important role in the fight against this phenomenon with not limited role on the issue of the legal framework." declared the Council of Ministers, Tuesday June 30, 2015, approval of the draft anti-money laundering law and the financing of terrorism.
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2015/07/13 14:06
Tomorrow Press / Baghdad: Finance Committee confirmed on Monday, the absence of any figures or accurate statistics on the money that take place in Iraq laundering operations, calling on the concerned authorities to adopt international standards. The committee member said Jabbar Abdul Khaliq for "tomorrow Press", that "operations money laundering have negative repercussions began to affect the social and economic balance, but there are no figures or precise figures on its size. " said Abdul Khaleq that "there are many manifestations disclose the spread of the phenomenon of money laundering, including the spread of the phenomenon of the establishment of phantom companies and some of the motor trade and some restaurants and stores that sell building materials and the purchase and sale of land and property and some of the travel agencies, "he said." These are all indications of the existence of money laundering operations in Iraq. " He said Abdul Khaliq that "the success of the anti-money laundering operations are not through legislation, law recently approved by the Council of Ministers and pushed him to the House of Representatives for a vote, but it is through the building of effective control devices comply with the laws regulators and regulations relating to the financial and banking system, as well as a commitment to financial institutions to verify the identities of people dealing with it, especially traders with money abnormal and ensure legal legitimacy to that money and coordination between the banking institutions and regulatory and other ones of integrity. " He noted member of the Finance Committee that "it is necessary to give the central bank an important role in the fight against this phenomenon with not limited role on the issue of the legal framework." declared the Council of Ministers, Tuesday June 30, 2015, approval of the draft anti-money laundering law and the financing of terrorism.
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