The CBI refuses to cooperate with Iran in providing the necessary US dollar

I think you're right weslin. Should have cut off Iran years ago.

This will help also;



Baghdad / Al-Ghad Press:

 A court of inquiry investigating issues of integrity and money laundering in Al-Rusafa confirmed on Monday that the judiciary contributes to the exit of Iraq from FATF's strict monitoring list.

 "The judiciary has played a major role in improving the international situation of Iraq and actively contributing to the implementation of the international recommendations approved by FATF through the facilitation and cooperation shown by the Supreme Council of the Iraqi Central Bank and institutions," Judge Eyad Mohsen said from the court. Partner in this area and over the past years, these efforts resulted in the exit of Iraq from the black list to the list of countries listed in the white list and complied with international recommendations.



 "The FATF is an intergovernmental organization established by the ministers of its member states," said Judge Samad. "Its main mission is to set international standards for combating money laundering and terrorist financing at the level of regulation, legal legislation, executive level, Threats related to the integrity of the international financial system ".

 "The FATF recommendations define the risks facing the world in the field of money laundering and terrorism financing and the development of the necessary policies to curb these crimes and to track down the perpetrators," he said, adding that the recommendations of the FATF are a reference framework and guide for countries to combat money laundering and terrorism financing.
 The FATF noted in 2012 that Iraq is one of the countries that did not implement the international recommendations in this area. The Central Bank has formed a team representing a large number of institutions, notably the Supreme Judicial Council to work on implementing and implementing FATF recommendations.

 "The Supreme Judicial Council has been a major contributor to drafting the articles of the law, indicating the extent to which they conform to international standards, as well as setting up a criminal court, a court of delicts and a specialized investigative court in the field of combating money laundering and terrorism financing," he added.
 He stressed that "the teams formed by the Central Bank of Iraq has taken upon itself to work on the development of policies to ensure Iraq's implementation of international standards."

 "The results of the work that have been achieved are important, including the exit of Iraq from the list of countries under strict control."

 "This will make it a safe environment for investments by the local and foreign private sector," he said. "Iraq is not one of the countries of tax havens or countries that are safe corridors for money-laundering criminals."

 Judge Ayad Mohsen also said that "one of the important issues in FATF's recommendations is to identify people with risks in the field of combating money laundering and terrorism financing." He added that "there is a list of professions that are considered to be among the people who are on the list of those who are in danger, To pay due diligence towards their open accounts in banks and to monitor the movements of funds in their accounts, whether cash deposits or the transfer of funds with arithmetic limits. "

 "Work has already been done on this aspect, and a range of professions have already been included, such as heads of state or government, senior politicians, senior judges, senior military officials, senior executives of institutions, state companies and others," Judge Samad said.

 "The instructions for people with risk stipulated that financial institutions and banks must, according to the statement of the Central Bank, open an account for them to verify their original official documents and ascertain the nature of the financial transaction and the purpose of it and the real beneficiary of it and the nature of the relationship between the parties to the financial deal, .

 "In the event of any suspicion in dealing with the bank or the financial institution to immediately report the suspicious transaction and stop before completion and the custody of the financial assets of the client."

 The judge concluded that "the reason for the inclusion of some professions on the list of risks in the field of money laundering and the financing of terrorism is that the owners are influential and decision-makers and can through their functions to acquire large funds without the right to monitor their accounts and audit to prevent the process of embezzlement Mali Or funding for terrorism. "

 In July of this year, FATF decided to exit Iraq from the list of countries under strict surveillance after it has implemented its international obligations in the field of AML / CFT.

 FATF is an intergovernmental body charged with studying techniques and trends in money laundering and terrorism financing, and developing and developing policies related to combating money laundering and terrorism financing locally and internationally.

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Financial Action Task Force on Money Laundering
From Wikipedia, the free encyclopedia

Financial Action Task Force Financial Action Task Force Logo.png
Abbreviation    FATF
Formation    1989
Type    Intergovernmental organization
Purpose    Combat money laundering and terrorism financing
Headquarters    Paris, France
Region served
    Worldwide
Membership
    37
Official language
    English, French
President
    Marshall Billingslea[1]
Affiliations    Asia/Pacific Group on Money Laundering (APG)

WOW, thanks Rocky and weslin - sounding good

Lobo wrote:WOW, thanks Rocky and weslin - sounding good

I hope this is the answer for worrying over the terrorist getting USD and IQD once it RVs. However you know there will be a few that will get under the radar but not like it has in the past, many getting thru..