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The "exposed operations" have been addressed.. A specialist confirms the decline in money laundering operations in Iraq - Urgent
Economy | Today, 15:02 |
Baghdad today - Baghdad
Financial affairs specialist Nabil Jabbar Al-Tamimi confirmed today, Tuesday (September 24, 2024), a decline in money laundering operations, while revealing the direct reason for this decline.
Al-Tamimi said in an interview with "Baghdad Today",
"There is a clear decline in various money laundering operations in Iraq, and
this matter came after audits of remittances two years ago.
There is great effectiveness in dealing with money laundering operations that were blatantly exposed earlier." He added,
"Certainly, money laundering operations are taking place today, but with narrow limits and difficult paths.
This is the case in the rest of the countries of the world.
Suspicious money is circulated in the markets in the form of losing projects or trades, which are then laundered and granted legitimacy." The financial affairs specialist said,
"Usually those who carry out such operations are politicians and senior officials who benefit from corruption and drug traffickers alike in countries where collecting money requires disclosing the sources of that money." Al-Tamimi concluded by saying,
"The issue of the dollar exchange rate in the local market has nothing to do with capital. Rather,
this issue is related to issues of supply and demand in the local market."
On January 9, 2022, the Ministry of Foreign Affairs announced the removal of Iraq from the European Union’s list of high-risk countries in the field of combating money laundering and terrorist financing, according to a letter the former Prime Minister received from the European Commission mission.
In May 2020, the European Commission classified Iraq, along with other countries, including Afghanistan, Pakistan, Syria, Yemen, Iran, and North Korea, on the list of countries that pose financial risks to the European Union, due to deficiencies in combating money laundering and terrorist financing.
On February 18, 2020, the Committee for Freezing Terrorist Funds, affiliated with the Secretariat of the Council of Ministers, issued a list that included 84 individuals and entities whose funds had been frozen on charges of financing terrorism, at the request of the UN Security Council.
https://baghdadtoday.news/258497-العمليات-المفضوحة-تمّت-معالجتها.-مختص-يؤكد-تراجع-عمليات-غسيل-الأموال-في-العراق-عاجل.html
Economy | Today, 15:02 |
Baghdad today - Baghdad
Financial affairs specialist Nabil Jabbar Al-Tamimi confirmed today, Tuesday (September 24, 2024), a decline in money laundering operations, while revealing the direct reason for this decline.
Al-Tamimi said in an interview with "Baghdad Today",
"There is a clear decline in various money laundering operations in Iraq, and
this matter came after audits of remittances two years ago.
There is great effectiveness in dealing with money laundering operations that were blatantly exposed earlier." He added,
"Certainly, money laundering operations are taking place today, but with narrow limits and difficult paths.
This is the case in the rest of the countries of the world.
Suspicious money is circulated in the markets in the form of losing projects or trades, which are then laundered and granted legitimacy." The financial affairs specialist said,
"Usually those who carry out such operations are politicians and senior officials who benefit from corruption and drug traffickers alike in countries where collecting money requires disclosing the sources of that money." Al-Tamimi concluded by saying,
"The issue of the dollar exchange rate in the local market has nothing to do with capital. Rather,
this issue is related to issues of supply and demand in the local market."
On January 9, 2022, the Ministry of Foreign Affairs announced the removal of Iraq from the European Union’s list of high-risk countries in the field of combating money laundering and terrorist financing, according to a letter the former Prime Minister received from the European Commission mission.
In May 2020, the European Commission classified Iraq, along with other countries, including Afghanistan, Pakistan, Syria, Yemen, Iran, and North Korea, on the list of countries that pose financial risks to the European Union, due to deficiencies in combating money laundering and terrorist financing.
On February 18, 2020, the Committee for Freezing Terrorist Funds, affiliated with the Secretariat of the Council of Ministers, issued a list that included 84 individuals and entities whose funds had been frozen on charges of financing terrorism, at the request of the UN Security Council.
https://baghdadtoday.news/258497-العمليات-المفضوحة-تمّت-معالجتها.-مختص-يؤكد-تراجع-عمليات-غسيل-الأموال-في-العراق-عاجل.html
