Al-uqaili: the Central Bank is not solely responsible for money laundering offences

Al-uqaili: the Central Bank is not solely responsible for money laundering offences

13/08/13 (12: 01 pm)

Baghdad/range press

Download judge Rahim al-uqaili, former President of integrity, the Iraqi judiciary and Ministry of Interior "the brunt of the responsibility for the prosecution of money laundering offences," they "failed to understand and apply the provisions of the money laundering Act, the returned money laundering offences as" President of the artery feeding the terrorism in Iraq. "

He said Al-uqaili, told the (extent) on Sunday, "the Iraqi authorities concerned with money laundering and is both the Interior Ministry and the courts and the money laundering reporting Office at the Central Bank have failed miserably in the understanding and application of the provisions of the money laundering Act No. 39 of 2004".He said Al-uqaili "compounding the matter is complicated by the banking regulations and technical backwardness and isolating them from keeping pace with technical progress in the world", explaining that "that make them unable to implement their obligations under the Act to counter the spread of money laundering offences, returned money laundering as" President of the artery feeding the terrorism which kills Iraqis every day. "Al-uqaili was quoted as saying he also contributed to major corruption deals that involved most Executive Authority officials adults ", and noted that" some falsely and wrongly attempted to shift the blame and responsibility on the former Central Bank Manager, responsible for the prosecution of money laundering offences is a shared burden of the Iraqi judiciary and Ministry of Interior ".Parliamentary integrity Committee objects revealed, in the 20 last July, that the size of the Iraqi funds, which "escaped" out of the country since 2003, up to 130 billion dollars, in addition to prosecution of 120 Government officials, including Ministers and Directors General, in connection with corrupt files and money.Transparency International revealed, last June, Iraq languishes in the "bottomless abyss of corruption in the world", leading to "raise" political violence and inflict "harm" in the process of building an effective State "and lack of" provision of services as Iraq still "a failure" in service delivery base enough, 23 percent of children were still living in "extreme poverty", while showed that despite government initiatives to combat corruption, it is still "stumble" and did not mention Prime Minister Nouri al-Maliki's announcement, against corruption during 100 days per year 2011, "no positive result", shaped by the will of the Government and its commitment to anti-corruption efforts.






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