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Central: funds entering Iraq are scarce and there is no money laundering
• 01/07/2012 7:38
•
Baghdad, "Iraqi gate" follow-up economics editor
A source at the Iraqi Central Bank, said the case of money laundering in Iraq is almost negligible, and that the money coming into Iraq are scarce and are not subject to money laundering.
The report presented by one of the channels local to the lack of control over money entering Iraq, and not to check sources of funds included in the accounts of some of the clients of private banks, whether persons or companies, and most likely report the existence of cases of money laundering in Baghdad and several provinces Mahaddh to neighboring countries, The report warned of the use of these funds in the financing of terrorism.
The former Iraqi minister has revealed, told, "Ur" in September for information to the effect that there is a major money laundering taking place in Iraq now and by gangs in power, while, according to banking sources said about 30 million dollars is laundered per month. The minister added that he did not want the proportion of the information to him by name, "according to Orr," that what is happening now is a matter of many of the concerns on the political and economic levels.
Banking sources confirm that the money laundering operations in Iraq began to spread in a strange and significant transactions during the Iraqi private banks with capital valued at an unknown source and is often all foreign remittances.
Reports indicate that Iraqi banks are the incubator for big money laundering operations .. And that there is money laundering taking place under the cover of legal and illegal entry through dealers and owners of exchange companies in addition to private banks in Iraq, which mostly operate through banks, non-Iraqi foreign untapped Auction Central Bank of Iraq which will be held for five days a week.
These reports confirm that all banking transactions are in coordination with the Department of the Bills in the Central Bank. And that the process is to provide the bank or the company lists the names and numbers, the amounts transferred and most of these names are fictitious grounds that they require financial transfers while in Jordanian banks, or banks, Bahrain or UAE and after anchoring Bid on one of the companies or banks are given instruments to the amounts purchased from the foreign exchange reserves to the Department of the Bills which are often in other banks and is lowered into the accounts of the central bank after three or four days is sufficient to wash the money and run in banks outside of Iraq. And confirmed that all these operations are carried out in coordination with some of the staff who work in the Bills and the Central Bank of Iraq did not bother to investigate the many names that comes to the bank every day under the pretext of remittances.
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• 01/07/2012 7:38
•
Baghdad, "Iraqi gate" follow-up economics editor
A source at the Iraqi Central Bank, said the case of money laundering in Iraq is almost negligible, and that the money coming into Iraq are scarce and are not subject to money laundering.
The report presented by one of the channels local to the lack of control over money entering Iraq, and not to check sources of funds included in the accounts of some of the clients of private banks, whether persons or companies, and most likely report the existence of cases of money laundering in Baghdad and several provinces Mahaddh to neighboring countries, The report warned of the use of these funds in the financing of terrorism.
The former Iraqi minister has revealed, told, "Ur" in September for information to the effect that there is a major money laundering taking place in Iraq now and by gangs in power, while, according to banking sources said about 30 million dollars is laundered per month. The minister added that he did not want the proportion of the information to him by name, "according to Orr," that what is happening now is a matter of many of the concerns on the political and economic levels.
Banking sources confirm that the money laundering operations in Iraq began to spread in a strange and significant transactions during the Iraqi private banks with capital valued at an unknown source and is often all foreign remittances.
Reports indicate that Iraqi banks are the incubator for big money laundering operations .. And that there is money laundering taking place under the cover of legal and illegal entry through dealers and owners of exchange companies in addition to private banks in Iraq, which mostly operate through banks, non-Iraqi foreign untapped Auction Central Bank of Iraq which will be held for five days a week.
These reports confirm that all banking transactions are in coordination with the Department of the Bills in the Central Bank. And that the process is to provide the bank or the company lists the names and numbers, the amounts transferred and most of these names are fictitious grounds that they require financial transfers while in Jordanian banks, or banks, Bahrain or UAE and after anchoring Bid on one of the companies or banks are given instruments to the amounts purchased from the foreign exchange reserves to the Department of the Bills which are often in other banks and is lowered into the accounts of the central bank after three or four days is sufficient to wash the money and run in banks outside of Iraq. And confirmed that all these operations are carried out in coordination with some of the staff who work in the Bills and the Central Bank of Iraq did not bother to investigate the many names that comes to the bank every day under the pretext of remittances.
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