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Commercial Bank puts a mechanism for the phenomenon of money laundering
On: Wednesday 09/12/2012 07:36 am
BAGHDAD / range
of the Trade Bank of Iraq for setting up a mechanism to address the phenomenon of money laundering. As a member of the Finance Committee warned in the House of Representatives Faleh Surrey to the national economy was at risk after the spread of counterfeit currency with a class (10) thousand dinars in local markets
The Director General of the bank Hamdiya dry according to / for JD / The bank has within restructured Division for money laundering run cadre has great experience, studying the customers in terms of deposit to prevent any attempt to launder money.
added Dry: that the bank is subject to follow BSA, pointing out that Number of current accounts amounted to 5 thousand account, savings accounts three thousand account in addition to the presence of fixed accounts. At the same time cautioned member of the Finance Committee in the House of Representatives Faleh Surrey to exposure endangering the national economy after the spread of counterfeit currency with the category of (10) thousand dinars in local markets, noting that this category easy rigging and process warping spread much in the southern provinces.
said Sari according (Agency news): The government and stakeholders should be aware well that the proliferation of counterfeit currency in local markets and in all Iraqi provinces harmful to the national economy, and at the same time destroying him she has to take government action to detect processes and knowledge of those who stand behind them. He added: that the phenomenon of the spread of counterfeit currency is not new but has spread widely during the current period, especially in the southern provinces to coincide with the current circumstances experienced by the country, and continued: evidence that behind this process hands hidden goal of destroying the national economy, whether by states or companies pumping counterfeit currency to local markets to disrupt the economy and the deterioration of the national currency. He attributed valid reasons to target the category of (10) thousand dinars for other categories by the competent authorities to falsify currency because they are easy fraud through their color, while the category of (25) thousand dinars shall be difficult to forge, according to specialists and experts because the color red can not come strictly in fraud, it comes out either dark or opening, while small groups can not rigged because they do not check them high profits because the cost of fraud would be great. This has been arrested by the security agencies on several competent gangs currency fraud.
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