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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Anti-Money Laundering Act and its impact on drying the sources of terrorism

    day dreamer
    day dreamer
    day dreamer
    Interacting Investor
    Interacting Investor


    Posts : 3197
    Join date : 2012-12-19
    • Post n°1

    Anti-Money Laundering Act and its impact on drying the sources of terrorism Empty Anti-Money Laundering Act and its impact on drying the sources of terrorism

    Post by day dreamer Sun 11 Oct 2015, 7:13 pm

    Anti-Money Laundering Act and its impact on drying the sources of terrorism


    10/12/2015 0:00

    Abdulrahman Shaykhli after the phenomenon of terrorism and spread of the world's growth in general and the region in particular, and the emergence of global challenges imposed on the financial and banking institutions, new challenges must take extreme types caution of money laundering, which often Matkon for the purpose of financing terrorist operations, and in this case we must search for the sources of their funding and work on these sources drying operations. In order to begin their search right has to start to intensify contacts between local banks and banks operating in the region on the one hand and US banks, on the other hand, for the purpose of understanding the causes and the development of constructive cooperation in this area and for being the permanent link Monetary Fund and the World Bank. In view of the fact that this modern partial Noama in our modern world to the fact that our country did not enter to world markets recently, but it must be understanding of this matter by the International and American ones in particular parties where required to ease the pressure on the financial and banking institutions in Iraq and the region until the creation of the requirements of these operations not to mention the high cost It is calculated on our banks when applying the rules of the international commitment in the area of ​​the (AML) *
    Because the commitment in the field of anti-money laundering rules apply manage America, the suffering of these pressures is not with the banks and US banks, but with the United States itself. The banking timeshare present before this similar to what can we are preparing for the challenges the sector (silence static) which are not guaranteed silence long because we Aenaih alone and in isolation from the region and the world and we are part of the region must take appropriate action to counter terrorism and combating the financing of its operations, these concerns Atjalna stand idly hands or we close our financial institutions wary of falling into the suspicious transactions, but requires us it take extreme caution and prudence in locks all suspicious accounts and take action deterrent against banking institutions that collude to open suspicious accounts or fake is real or linger in the closure after the disclosure of what they are, and they realize they're not able to continue to work after the spotlight on suspicious activities.     The monetary authority in Iraq, represented by the Central Bank of Iraq committed itself to keep pace with the acceleration of events and terrorist activities, and to take swift measures the completion of a draft law provides.
    Anti-money laundering operations not to fall into such suspicious transactions be able to skip the stage and has the ingredients harmony with international requirements after Iqinha that the developments of the financing of terrorism through laundering and money-laundering operations not covered by the ordered materials occupation authority No. 93 for the year 2004, or what has been called The operations     it Amla.
    Since more than two years the central bank has consistently preparation committees, workshops and seminars for specialists in this area for the purpose of the Act provides the requirements phase after his conviction that the amendment former law does not believe these requirements and already offer a new draft law on the Council of Ministers, who agreed to transmit it to the Iraqi Council of Representatives, which in turn, he agreed to issuing its meeting held on September 16 of last promised to take effect as of the date of its publication in the Official Gazette. Now and after the issuance of the new law it is no longer possible to pass money laundering and washed operations without legal prosecution strict institutions and individuals and is falling under penalty of the law anyone who tries it, especially since the fight against terrorism is not in the battlefield only, but begin to dry up its funding of the fact that the new law Straighten materials so and in particular In the freezing of financial assets and then confiscated in accordance with law and impose substantial fines with severe penalties up to life imprisonment for the financiers of terrorism, with the possibility of extradition of the accused to the international community and by customs and other related laws and resolutions of the UN Security Council.



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