Ali Hassan al-Fawaz
Many fear the Daaihm in private banks and even official, and look at the work of these banks in some confusion because of the financial crisis, and the fear of losing liquidity, or falling into bankruptcy department, as well as some fear, especially from owners of large deposits of being accused of money laundering and other charges.
This photo cloudy reflect the existence of real and potential problems in the banking file management, and the fragility of the administrative system, which can be financial system protects against manipulation, and protect banks from speculative profit in the currency market work, especially the civil and foreign banks, which Maidao to the existence of effective mechanisms of action, and to measures deterrent to counter money laundering, and follow the work of these banks and Mracbha and put them in the financial state policies.
Many experts accuse the central bank to follow the policies lack of professionalism, the follow-up level, and the level of control, and even give granting banking licenses lack of professionalism and standards of the banking business, which means inflation that banks and turn it into hotbeds of smuggling hard currency, but the corruption of receivables, and the confusion of the Iraqi banking business, the negative impact on local markets.
The status of Governor and strict banking laws, requires insurance actions that will address the crisis facing the sector on the part of, and control over the banking workshops, including Maitalq smuggling money abroad, on the other hand, any quest to protect them, and towards maximizing the interest elements of the the national capital to move the investment, and to develop the economies of the country .. and finds many financial experts that the breadth of the phenomenon of small banks in Iraq has become a threat to the banking system, and lose a lot of services usefulness, a Maittalb effective measures to prevent giving licenses to open banks limited capital, and work In contrast to merge many small banks with each other to work on in accordance with the policies of joint stock companies, and to reduce the damage, and cut the road to corrupt traders market of foreign currency, and researchers for a quick profit outside legal frameworks, as well as anti-money laundering phenomenon, which has become one of the most serious challenges facing the Iraqi banking business.
Aside from the principle of transparency demanded by the other, the Iraqi reality and the nature of the risks faced by requiring deterrent measures, and policies that can frame the banking type of professional governance, and to pursue a legal challenge through the breaches of the great waste of public money, and attempts to financial mafias and Ahilha in Currency smuggling, or cover its legal suspicious to profiles, and obliging everyone to work according to the regulations and laws known worldwide.
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