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This is what Iraq after international threats by placing it in the "black list"
19 - 09 - 2015 04:30 PM
It pushed the pressures of the World Bank on the Iraqi government and brandishing put Iraq on the black Iraqi parliament list on Wednesday the past to pass legislation law ' money laundering and combating the financing of terrorism ' just days before the deadline .
The Council of Ministers approved on, 30 June 2015 , the draft law against laundering and financing of terrorism, Wash., and accused the CBI of being soft on smuggling billions of dollars through shady business deals to buy hard currency from the daily auction managed by the Bank.
and led financial crisis to impose restrictions on the purchase of the dollar from the central auction requests, but observers believe that the recent mechanisms do not prevent bleeding currency and money laundering.
The report by the Parliamentary Finance Committee has revealed that one Iraqi banks to transfer amounts exceed the budget of some neighboring countries, pointing out that dozens of front companies operating as fronts for commercial These involved the banks of smuggling currency since 2012.
The report back to the late June past during the setback suffered by the Iraqi dinar exchange rate against the dollar after that. The central bank took out, early last June, 14 banks waged from the auction currency for failing to pay the amount of remittances and customs taxes, but returned in the 20 June.
canceled the decision that sparked widespread controversy and cause Remarkable rise in the US dollar exchange rate against the local currency.
The appearance of Mohammed Saleh, Economic Adviser to the Prime Minister last July that 5% of the gross domestic product of Iraq seeps through money laundering.
In this context, says MP Jabbar al-Abadi, a member of the Parliamentary Finance Committee, said 'vote the money laundering law and the fight against terrorism by the House of Representatives will prevent money smuggling operations '.
He said al-Abadi said' This law will establish a new office for money laundering
will determine and monitor the funds incoming and outgoing traffic from Iraq '.
He MP that' the World Bank and international financial institutions demanded that the Iraqi government legislation money laundering October next before the law threatened the impact of Iraq on the blacklist.
"explains Finance Committee member that 'Iraq put on the blacklist government will deprive of dealing with global and international banks in the financial Thoilath', saying that the legislation money laundering law and combating the financing of terrorism came 'consistent with international law applies with the standards set forth in'.
For its part, see Rep. Najiba Najib, a member of the Economic Committee, said 'legislation Money Laundering Act is long overdue after smuggling billions of dollars out of Iraq', arguing that 'the funds global crime laundering thrive in States that have laws and control is weak '.
She said Najib' Iraq according to international institutions has become in the black area because of the money laundering operations', but believes that the 'legislation money laundering law will deal with smuggling, as well as the financing of terrorism.
"He said the Iraqi Central Bank to' House of Representatives vote the Money Laundering Act will provide a legal framework for the banking sector in the fight against money laundering and smuggling of funds'.
In turn says Ali Safi, the National Alliance MP that 'the law came in the presence of fraud banker for many of the banks and the banks of the Iraqi civil and governmental organizations through the use of technology and modern technology' .
He added that the net 'approval of Money Laundering Act to the formation of a new council to monitor the transfer of funds out of Iraq as well as those who want to finance terror operations, which means lead gradually eliminate currency smuggling operations'.
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19 - 09 - 2015 04:30 PM
It pushed the pressures of the World Bank on the Iraqi government and brandishing put Iraq on the black Iraqi parliament list on Wednesday the past to pass legislation law ' money laundering and combating the financing of terrorism ' just days before the deadline .
The Council of Ministers approved on, 30 June 2015 , the draft law against laundering and financing of terrorism, Wash., and accused the CBI of being soft on smuggling billions of dollars through shady business deals to buy hard currency from the daily auction managed by the Bank.
and led financial crisis to impose restrictions on the purchase of the dollar from the central auction requests, but observers believe that the recent mechanisms do not prevent bleeding currency and money laundering.
The report by the Parliamentary Finance Committee has revealed that one Iraqi banks to transfer amounts exceed the budget of some neighboring countries, pointing out that dozens of front companies operating as fronts for commercial These involved the banks of smuggling currency since 2012.
The report back to the late June past during the setback suffered by the Iraqi dinar exchange rate against the dollar after that. The central bank took out, early last June, 14 banks waged from the auction currency for failing to pay the amount of remittances and customs taxes, but returned in the 20 June.
canceled the decision that sparked widespread controversy and cause Remarkable rise in the US dollar exchange rate against the local currency.
The appearance of Mohammed Saleh, Economic Adviser to the Prime Minister last July that 5% of the gross domestic product of Iraq seeps through money laundering.
In this context, says MP Jabbar al-Abadi, a member of the Parliamentary Finance Committee, said 'vote the money laundering law and the fight against terrorism by the House of Representatives will prevent money smuggling operations '.
He said al-Abadi said' This law will establish a new office for money laundering
will determine and monitor the funds incoming and outgoing traffic from Iraq '.
He MP that' the World Bank and international financial institutions demanded that the Iraqi government legislation money laundering October next before the law threatened the impact of Iraq on the blacklist.
"explains Finance Committee member that 'Iraq put on the blacklist government will deprive of dealing with global and international banks in the financial Thoilath', saying that the legislation money laundering law and combating the financing of terrorism came 'consistent with international law applies with the standards set forth in'.
For its part, see Rep. Najiba Najib, a member of the Economic Committee, said 'legislation Money Laundering Act is long overdue after smuggling billions of dollars out of Iraq', arguing that 'the funds global crime laundering thrive in States that have laws and control is weak '.
She said Najib' Iraq according to international institutions has become in the black area because of the money laundering operations', but believes that the 'legislation money laundering law will deal with smuggling, as well as the financing of terrorism.
"He said the Iraqi Central Bank to' House of Representatives vote the Money Laundering Act will provide a legal framework for the banking sector in the fight against money laundering and smuggling of funds'.
In turn says Ali Safi, the National Alliance MP that 'the law came in the presence of fraud banker for many of the banks and the banks of the Iraqi civil and governmental organizations through the use of technology and modern technology' .
He added that the net 'approval of Money Laundering Act to the formation of a new council to monitor the transfer of funds out of Iraq as well as those who want to finance terror operations, which means lead gradually eliminate currency smuggling operations'.
[You must be registered and logged in to see this link.]
