Home
Parliamentary Committee denies the existence of regulations governing the work of banking companies
On: Sun 12/08/2012 6:51
Baghdad / range
considered by the Finance Committee in the House of Representatives Abdul-Hussein al-Yasiri, on Friday, the lack of legal controls governing the banking companies a major reason for the rise of money laundering. Yasiri said, according to / Baghdadiya News / "The banking companies that have spread after 2003, working without legal controls, which contributed significantly to the rise in money laundering operations,"
Asserting that "the presence of indicators of the broad money laundering operations in Iraq." He added that "the banking companies, banks and all devices that are in the process of transfer of funds is unable to keep pace with political and security conditions present as signs of a defect in the conduct of its work according to legal regulations," explaining that "the rise of money laundering operations in any country is an indicator of the disorder the security situation." The Finance Committee has announced its intention to host all of the ministers of finance and planning, trade, health and the Governor of the Central Bank. Said committee member Magda al-Tamimi in a press release that "the Finance Committee plans to host all the Ministers of Finance and Planning, Commerce and Health and the Governor of the Central Bank to control the entry of goods random process of Iraq." Tamimi explained that "the bid to host the Minister is concerned to discuss the coordination mechanism to control the entry of goods to Iraq as showing that there is something wrong in a very large random import operations that have a significant impact on the Iraqi state.
[You must be registered and logged in to see this link.]
