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Through travelers... new controls for declaring funds leaving and entering Iraq
Office for Combating Money Laundering and Terrorist Financing
Sweeteners
Economy News - Baghdad
On Tuesday, the Anti-Money Laundering and Counter-Terrorism Financing Office issued a new decision regarding money and currencies carried by travelers.
The office stated in a statement received by Al-Iqtisad News,
“Based on the provisions of the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2015 related to obligating every person upon entering or leaving Iraq to declare, upon request from a representative of the General Authority of Customs, the money, currencies, or tools he carries.”
Money that is negotiable to the bearer or transferred inside or outside Iraq through a person, postal service, shipping service, or by any other means. He added,
"The measure comes to reduce the risks of bringing money in and out across the Iraqi border and exploiting that for money laundering or terrorist financing operations."
Views 78 Added 11/07/2023 - 1:39 PM
https://economy-news.net/content.php?id=37342
Office for Combating Money Laundering and Terrorist Financing
Sweeteners
Economy News - Baghdad
On Tuesday, the Anti-Money Laundering and Counter-Terrorism Financing Office issued a new decision regarding money and currencies carried by travelers.
The office stated in a statement received by Al-Iqtisad News,
“Based on the provisions of the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2015 related to obligating every person upon entering or leaving Iraq to declare, upon request from a representative of the General Authority of Customs, the money, currencies, or tools he carries.”
Money that is negotiable to the bearer or transferred inside or outside Iraq through a person, postal service, shipping service, or by any other means. He added,
"The measure comes to reduce the risks of bringing money in and out across the Iraqi border and exploiting that for money laundering or terrorist financing operations."
Views 78 Added 11/07/2023 - 1:39 PM
https://economy-news.net/content.php?id=37342
