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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


    Economist: the imposition of fines on offending banks will limit money laundering

    Hkp1
    Hkp1
    Hkp1
    Interacting Investor
    Interacting Investor


    Posts : 3118
    Join date : 2012-12-19
    • Post n°1

    Economist: the imposition of fines on offending banks will limit money laundering Empty Economist: the imposition of fines on offending banks will limit money laundering

    Post by Hkp1 Thu 14 Feb 2013, 9:56 am

    Economist: the imposition of fines on offending banks will limit money laundering

    Date: 02/14/2013 13:13:23 Thursday

    Baghdad (news) .. Said
    economic analyst Abdul Sattar al-Hashimi, that the central bank's
    decision to impose fines on banks that are contrary to Community law
    concerning the sale and purchase of foreign currency and converted to
    the outside limit of the money laundering operations.

    Hashemi
    said (of the Agency news): Some local banks are deliberately not to
    apply laws and banking systems work, which led recently to the emergence
    of cases of money laundering operations in foreign exchange for the
    money.

    He
    pointed out: that the central bank's decision to impose fines on banks
    that violate laws regarding the sale and purchase of foreign currency
    and converted to the outside will prevent the occurrence of money
    laundering or something like that in the country.

    The
    Central Bank of Iraq may face a financial penalty for United Bank for
    Investment for not retaining documents that disclose the nature of the
    activities practiced by the customers who provide funding requests
    amounts via central bank auction.

    The
    central bank held daily sessions of currency auction except on Fridays
    and public holidays, and the participation of a group of Iraqi banks,
    within which the sale and purchase of foreign currency, and the central
    bank process currency converter sold abroad, for some companies and
    citizens for a commission certain.

    The
    Central Bank of Iraq group of specialized committees to combat money
    laundering, and money, crime and the financing of terrorism, and it was
    the anti-money laundering law the 2004 Iraqi situation due process of
    regulatory institutions, especially banking. / End / 8. N. P /


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