09/19/2015 (00:01 pm) -
[ltr]Iraq admits "money laundering" after international threats by placing it on the black list [/ltr]
BAGHDAD / Mohammad Sabah
[ltr]World Bank pushed the pressures on the Iraqi government and brandishing put Iraq on the black list of the Iraqi parliament on Wednesday to pass legislation law "money laundering and combating the financing of terrorism," just days before the deadline.[/ltr]
[ltr]
The Council of Ministers approved in, June 30, 2015, the anti-money laundering and terrorism financing law.
And it accused the CBI of being soft on smuggling billions of dollars through shady business deals to buy hard currency from the daily auction managed by the Bank.
The financial crisis led to the imposition of restrictions on the purchase of the dollar from the central auction requests, but observers believe that the recent mechanisms do not prevent bleeding currency and money laundering. A report prepared by the Parliamentary Finance Committee, published by the (long) early last August, revealed that one Iraqi banks to transfer amounts exceed the budget of some neighboring countries, pointing out that dozens of front companies operating as fronts for the commercial banks involved smuggling currency since 2012.
The report goes back to late last June during the setback suffered by the Iraqi dinar exchange rate against the dollar after that.
The central bank took out, early last June 14 banks waged from the auction currency for failing to pay the amount of remittances taxes and customs, but returned on June 20 and canceled a decision that sparked widespread controversy and caused a striking rise in the US dollar exchange rate against the local currency.
The appearance of Mohammed Saleh, Economic Adviser to the Prime Minister, said, in a statement to (range), in July, that 5% of the gross domestic product of Iraq seeps through money laundering.
In this context, the Attorney-Jabbar al-Abadi, a member of the Parliamentary Finance Committee, says that "the vote on the money laundering law and the fight against terrorism by the House of Representatives will prevent the smuggling of money."
He said al-Abadi (range), "This law will establish a new office to determine money laundering and watching the money in and out of Iraq movement."
He pointed out that the MP, "the World Bank and international financial institutions demanded that the Iraqi government legislation money laundering law before October next threatened Iraq put on the blacklist."
Explains the Finance Committee member that "the situation in Iraq on the blacklist would deprive the government of dealing with global and international banks in the financial Thoilath," adding that the legislation of Money Laundering Act and combating the financing of terrorism was "consistent with international law applies with the standards set forth."
For its part, see Rep. Najiba Najib, a member of the Economic Committee, said that "legislation Money Laundering Act is long overdue after smuggling billions of dollars out of Iraq," arguing that "global crime to recover the funds in the countries where their laws and control weak wash".
She said Najib, told the (range), that "Iraq according to international institutions has become in the black area because of money laundering", but believes that "the legislation will deal with money laundering law as well as smuggling and terrorist financing."
He said the Iraqi Central Bank, in a statement seen (range) a copy of it, that "the House vote on the Money Laundering Act will provide a legal framework for the banking sector in the fight against money laundering and the smuggling of money."
In turn, said Ali Safi, the National Alliance MP that "the law came in the presence of bank fraud for many of the banks and the banks of the Iraqi civil and governmental organizations through the use of technology and modern technology."
He added net, in an interview (range), "result in the adoption of Money Laundering Act to the formation of a new council to monitor the transfer of funds out of Iraq as well as those who want to finance terror operations, which means a gradual elimination of currency smuggling operations."[/ltr]
[You must be registered and logged in to see this link.]
[ltr]Iraq admits "money laundering" after international threats by placing it on the black list [/ltr]
BAGHDAD / Mohammad Sabah
[ltr]World Bank pushed the pressures on the Iraqi government and brandishing put Iraq on the black list of the Iraqi parliament on Wednesday to pass legislation law "money laundering and combating the financing of terrorism," just days before the deadline.[/ltr]
[ltr]
The Council of Ministers approved in, June 30, 2015, the anti-money laundering and terrorism financing law.
And it accused the CBI of being soft on smuggling billions of dollars through shady business deals to buy hard currency from the daily auction managed by the Bank.
The financial crisis led to the imposition of restrictions on the purchase of the dollar from the central auction requests, but observers believe that the recent mechanisms do not prevent bleeding currency and money laundering. A report prepared by the Parliamentary Finance Committee, published by the (long) early last August, revealed that one Iraqi banks to transfer amounts exceed the budget of some neighboring countries, pointing out that dozens of front companies operating as fronts for the commercial banks involved smuggling currency since 2012.
The report goes back to late last June during the setback suffered by the Iraqi dinar exchange rate against the dollar after that.
The central bank took out, early last June 14 banks waged from the auction currency for failing to pay the amount of remittances taxes and customs, but returned on June 20 and canceled a decision that sparked widespread controversy and caused a striking rise in the US dollar exchange rate against the local currency.
The appearance of Mohammed Saleh, Economic Adviser to the Prime Minister, said, in a statement to (range), in July, that 5% of the gross domestic product of Iraq seeps through money laundering.
In this context, the Attorney-Jabbar al-Abadi, a member of the Parliamentary Finance Committee, says that "the vote on the money laundering law and the fight against terrorism by the House of Representatives will prevent the smuggling of money."
He said al-Abadi (range), "This law will establish a new office to determine money laundering and watching the money in and out of Iraq movement."
He pointed out that the MP, "the World Bank and international financial institutions demanded that the Iraqi government legislation money laundering law before October next threatened Iraq put on the blacklist."
Explains the Finance Committee member that "the situation in Iraq on the blacklist would deprive the government of dealing with global and international banks in the financial Thoilath," adding that the legislation of Money Laundering Act and combating the financing of terrorism was "consistent with international law applies with the standards set forth."
For its part, see Rep. Najiba Najib, a member of the Economic Committee, said that "legislation Money Laundering Act is long overdue after smuggling billions of dollars out of Iraq," arguing that "global crime to recover the funds in the countries where their laws and control weak wash".
She said Najib, told the (range), that "Iraq according to international institutions has become in the black area because of money laundering", but believes that "the legislation will deal with money laundering law as well as smuggling and terrorist financing."
He said the Iraqi Central Bank, in a statement seen (range) a copy of it, that "the House vote on the Money Laundering Act will provide a legal framework for the banking sector in the fight against money laundering and the smuggling of money."
In turn, said Ali Safi, the National Alliance MP that "the law came in the presence of bank fraud for many of the banks and the banks of the Iraqi civil and governmental organizations through the use of technology and modern technology."
He added net, in an interview (range), "result in the adoption of Money Laundering Act to the formation of a new council to monitor the transfer of funds out of Iraq as well as those who want to finance terror operations, which means a gradual elimination of currency smuggling operations."[/ltr]
[You must be registered and logged in to see this link.]
Today at 5:42 am by Rocky
» He confirmed that the governorate is experiencing a political complex... The Kurdistan Federation to
Today at 5:41 am by Rocky
» Oil and Gas explains the fact that there are paragraphs in the budget that “make oil companies loser
Today at 5:40 am by Rocky
» Revealing the date of launching the salaries of Kurdistan employees
Today at 5:38 am by Rocky
» Political disagreements hinder the implementation of the decisions of the Anbar Provincial Council v
Today at 5:37 am by Rocky
» “A political agreement not to amend it.” New details related to the 2024 budget schedules
Today at 5:36 am by Rocky
» Within a month... Iraq is the fourth largest oil supplier to South Korea
Today at 5:35 am by Rocky
» Legal Expert: Discrimination does not have the authority to implement the decisions of its federal c
Today at 5:34 am by Rocky
» Continuous postponement of the Kurdistan region’s elections
Today at 5:31 am by Rocky
» Completing the salary increase for Iraqi retirees for the month of June
Today at 5:30 am by Rocky
» The debate continues regarding the 2024 budget.. Will the parliament session be held next Monday?
Today at 5:29 am by Rocky
» Where did the file of violations of taboo railway lines in Iraq reach?
Today at 5:27 am by Rocky
» Iraq is the most affected.. How does climate change threaten hydroelectric energy in the Middle East
Today at 5:26 am by Rocky
» Revealing international cooperation to develop Iraq’s capabilities with artificial intelligence
Today at 5:24 am by Rocky
» Planning announces participation rates in the population census in Iraq
Today at 5:22 am by Rocky
» The Iraqi Foreign Ministry welcomes Biden's initiative regarding Gaza and calls for an end to the ag
Today at 5:20 am by Rocky
» The Turkish President appoints a new ambassador to Baghdad
Today at 5:19 am by Rocky
» A decline in Iraq's oil exports to the United States during the past week
Today at 5:17 am by Rocky
» Caught embezzlement of hundreds of millions of dinars at Al-Rasheed Bank
Yesterday at 8:24 pm by Bama Diva
» utube MM&C 5/31/24 Iraqi Dinar-IQD Update-Budget Law-Parliament Speaker Vote-Monitoring Financial
Yesterday at 11:55 am by Rocky
» utube 6/1/24 MM&C IQD Update-Iraq Dinar-HoR under a gun - Monday 3:00 PM Baghdad Vote
Yesterday at 11:55 am by Rocky
» Al-Sudani defends his budget: There is a discrepancy in the implementation of projects despite the a
Yesterday at 11:41 am by Rocky
» The Communications Authority is discussing the issue of reducing emissions and environmental polluti
Yesterday at 11:38 am by Rocky
» The dinar is a victim of the Iraqis' high appetite for the dollar
Yesterday at 11:36 am by Rocky
» Reuters: Some OPEC+ ministers head to Riyadh to attend the alliance meeting
Yesterday at 11:33 am by Rocky
» Integrity announces the discovery of major corruption in Al-Rasheed Bank
Yesterday at 11:31 am by Rocky
» Parliamentary Finance resumes its meeting to write and read the general budget schedules report
Yesterday at 11:25 am by Rocky
» The Company Registration Department at the Ministry of Commerce signs a joint cooperation mechanism
Yesterday at 11:23 am by Rocky
» Withdrawing the Sudanese from his allies... How will Al-Sadr’s return change the “political balance”
Yesterday at 11:22 am by Rocky
» Bad rating for Iraq regarding (child labor)
Yesterday at 11:19 am by Rocky
» Sudanese inaugurates a digital data center that operates for 30 days without electricity (video)
Yesterday at 11:14 am by Rocky
» Kuwait ignores "Iraq's refusal" and moves to enter the "development path"
Yesterday at 11:12 am by Rocky
» Government fees burden Iraqis: Why do we pay without proper services?
Yesterday at 11:08 am by Rocky
» Al-Sudani raises the ceiling for evaluating ministers and sets “data protection” as a condition for
Yesterday at 8:07 am by Rocky
» Al-Sudani: Electronic development is accelerating in moments, not days or years, and we must keep up
Yesterday at 8:05 am by Rocky
» Between acceptance and rejection... Will the House of Representatives succeed in passing the budget?
Yesterday at 8:02 am by Rocky
» Sales of the Central Bank of Iraq exceed one billion dollars in a week and 5 billion within a month
Yesterday at 8:00 am by Rocky
» Al-Daraji unveils a giant industrial project in partnership with France
Yesterday at 7:58 am by Rocky
» Parliamentary Finance: Confirming contracts in the budget will be according to the needs of the mini
Yesterday at 7:56 am by Rocky
» Al-Hakim emphasizes the interest in the components of Iraq... bridges of communication with the peop
Yesterday at 7:53 am by Rocky
» Deputy: Objections to the budget schedules may prevent voting on them in Monday’s session - urgent
Yesterday at 7:52 am by Rocky
» The Washington Institute: Erdogan agreed with Sudanese to establish a “permanent” Turkish presence i
Yesterday at 7:49 am by Rocky
» The Central Bank of Iraq announces the provision of an additional 3 trillion dinars for residential
Yesterday at 7:46 am by Rocky
» Report: Preventing officials’ phones from being brought into political meetings
Yesterday at 7:43 am by Rocky
» In Al-Muthanna... Integrity reveals violations in a contract worth approximately (30) billion dinars
Yesterday at 7:42 am by Rocky
» Al-Sudani: We issued 38.188 million unified cards to Iraqis
Yesterday at 7:42 am by Rocky
» Parliamentary Finance resumes its meetings regarding the budget in preparation for voting on the sch
Yesterday at 7:41 am by Rocky
» {Al-Furat News} publishes a comparison between the 2023 and 2024 budgets... and warnings of potentia
Yesterday at 6:19 am by Rocky
» Erdogan and Iraqi oil: a chess game on the Ceyhan Port board
Yesterday at 6:17 am by Rocky
» Billion-dollar losses: repercussions of electronic payment companies’ profits from the Petroleum Pro
Yesterday at 6:16 am by Rocky
» Iraq proposes an international proposal to regulate content on social media sites and govern artific
Yesterday at 6:14 am by Rocky
» The Real Estate Bank launches the electronic collection and payment service via phone
Yesterday at 6:13 am by Rocky
» Al-Sudani opens the digital data center and the factory for manufacturing traffic signs and signs
Yesterday at 6:11 am by Rocky
» Basra... Electricity projects within the current year’s plan
Yesterday at 6:10 am by Rocky
» Working to amend one of the laws regarding the appointments of top graduates
Yesterday at 6:09 am by Rocky
» A representative warns of attempts to disrupt voting on the budget tables
Yesterday at 6:08 am by Rocky
» Al-Kadhimi: The Finance Committee will complete its report on the budget today in preparation for vo
Yesterday at 6:07 am by Rocky
» Al-Mandalawi expresses Parliament’s readiness to provide support to Iraq’s representation in UNESCO
Yesterday at 6:06 am by Rocky
» The dollar opens the week higher against the Iraqi dinar in Baghdad and Erbil
Yesterday at 6:04 am by Rocky
» Saudi Arabia crosses the border with the first flight to Najaf
Yesterday at 6:03 am by Rocky
» American agency: Kuwait is moving towards China to pursue Iraq’s ambitions on the road to developmen
Yesterday at 6:02 am by Rocky
» The Governor of Wasit decides to refer generator owners who violate the ampere pricing to the judici
Yesterday at 6:00 am by Rocky
» Drought in Iraq... repercussions that threaten electrical energy and rivers with “danger”
Yesterday at 5:59 am by Rocky
» A new transport line between Iraq and Saudi Arabia... operating flights from Najaf to Dammam
Yesterday at 5:58 am by Rocky
» Iraq ranked fourth with the most imports from Türkiye during last April
Yesterday at 5:57 am by Rocky
» Kuwait threatens the Iraqi port of Al-Faw with a “huge” project.. What is China’s relationship?
Yesterday at 5:56 am by Rocky
» Al-Sayhud: The UN Security Council’s vote to end the work of the UNAMI mission is a historic victory
Yesterday at 5:53 am by Rocky
» Anouz rules out approving the budget in Monday’s session... for these reasons
Yesterday at 5:52 am by Rocky
» Al-Maliki congratulates the Patriotic Union of Kurdistan on the forty-ninth anniversary of its found
Yesterday at 5:50 am by Rocky
» Al-Sudani confirms that the path of development means linking the East to Europe through the lands o
Yesterday at 5:49 am by Rocky
» Al-Rafidain Bank: Obtaining the dollar at the official rate...for pilgrims exclusively
Yesterday at 5:46 am by Rocky
» Stability in dollar exchange rates in Baghdad, Basra and Erbil
Yesterday at 5:45 am by Rocky
» "Cancer towers" strike two regions in eastern Iraq, and the toll rises to more than 40 cases
Yesterday at 5:42 am by Rocky
» Elekti decides Kurdistan’s share in the budget: negotiations are advanced and the vote is on Monday
Yesterday at 5:40 am by Rocky
» Al-Sudani opens the digital data center and the factory for manufacturing traffic signs and signs in
Yesterday at 5:39 am by Rocky
» Iraqi-Chinese discussions on the sidelines of the Arab-Chinese Cooperation Forum in Beijing
Yesterday at 5:37 am by Rocky
» Kurdistan Finance announces sending the third list of names of regional government employees to TBI
Yesterday at 5:35 am by Rocky
» The ports announce the completion of the work of casting the pieces that make up the submerged tunne
Yesterday at 5:34 am by Rocky
» The coordination framework welcomes the Security Council’s response to the government’s request to e
Yesterday at 5:33 am by Rocky
» Electricity: A second package of projects to remove bottlenecks in energy networks
Yesterday at 5:32 am by Rocky
» Chairman of the Finance Committee: We are ready to present our final report on the budget schedules
Yesterday at 5:31 am by Rocky
» Everyone is complaining and the ministry is silent.. 3 possibilities for the “secret of the deterior
Yesterday at 5:28 am by Rocky
» Kuwait is communicating with China to revive the “Mubarak Al-Kabeer Port” project.. What is Iraq’s r
Yesterday at 5:26 am by Rocky
» The first artificial intelligence conference was launched in Iraq
Yesterday at 5:14 am by Rocky
» Al-Sudani: The path of development will restore Iraq's historical role in global trade
Yesterday at 5:12 am by Rocky
» MM&C 5/31/24 Iraqi Dinar: IBBC issues Major New Paper on De-Dollarisation of Iraq
Fri May 31, 2024 12:13 pm by Rocky
» utube 5/29/24 MM&C Iraq Dinar-IQD-Update-Digitial Transformation-New Cash Denominations-IMF-Ratifi
Fri May 31, 2024 11:12 am by Rocky
» A frightening deficit” and “oppressed” governorates.. Budget schedules are preparing for a “storm” o
Fri May 31, 2024 10:57 am by Rocky
» Al-Mandalawi issues a directive regarding budget tables
Fri May 31, 2024 10:46 am by Rocky
» The Central Bank issues a clarification regarding housing loans for citizens
Fri May 31, 2024 10:45 am by Rocky
» Communications: About 8 million homes subscribe to the Internet in Iraq.. half of them are “optical
Fri May 31, 2024 10:43 am by Rocky
» A 3-step agreement to end the file of government contracts in Iraq
Fri May 31, 2024 10:41 am by Rocky
» On one condition: The Ministry of Labor is “ready” to include those recovering from drugs in social
Fri May 31, 2024 10:40 am by Rocky
» Parliamentary escalation against Kurdistan's share...one of the most prominent agenda of Barzani's v
Fri May 31, 2024 10:38 am by Rocky
» The Central Bank announces raising the amounts allocated for housing loans
Fri May 31, 2024 10:37 am by Rocky
» MM&C 5/31/24 Al-Mandalawi directs the Finance Committee to expedite the review of the budget schedul
Fri May 31, 2024 10:32 am by Rocky
» When the state turns into a collector: the poor suffer from the burden of government decisions
Fri May 31, 2024 7:47 am by Rocky
» Sanad regarding the budget: The Finance Committee did not prepare its report and the session was inv
Fri May 31, 2024 7:46 am by Rocky
» Salah al-Din... directing the inventory and numbering of houses in the Tikrit district in preparatio
Fri May 31, 2024 7:44 am by Rocky