Aggravation of money laundering phenomenon in Iraq, Ahlol without international cooperation

Aggravation of money laundering phenomenon in Iraq, Ahlol without international cooperation

13/2/2016

Baghdad / follow Zora:

Iraq is one of the most vulnerable in the fight against money laundering countries, in spite of the existence proceeded Act in the House of Representatives late last year, a special anti-money laundering and terrorist financing, as observers believe that no solutions in the fight against the phenomenon without international cooperation and the use of international expertise.

the deputy chairman of the legal Committee of the House of Representatives, Muhsin al-Saadoun, said the anti-money laundering law is one of the important laws and tools through which to fight corruption and the arms of terrorism, pointing out that the law of the government's application will give good results regardless because he was paralleled their standard of international law or less of them. He said al-Saadoun said "anti-money laundering law is of important laws and there are a lot of actions that are related to this matter because it is a global issue and limitless, and fall below the standards endless, and therefore, the law that legitimized parliament was a certain level of those standards and in line with the situation in which Iraq experienced and aspects that could be addressed in this regard. " He explained that "the fight against corruption peek serve the interests of the Iraqi people to the fact that money laundering is one of the most important corruption tools and not to create laws to crack down on so ordered, will make them a means to destroy the economy, and give more space for corruption, including support for terrorism, and therefore, the application of this law perfectly from the government is one way to combat terrorism. " He continued to say that "the law was within the jurisdiction of the Integrity Commission, and when the legislation was first base to him is to take advantage of the laws and experiences in other countries," noting that "the application of the law will give good results, regardless of whether the ideal level internationally or not is even more important we have is the application on the ground because we are looking for any way to fight corruption, whether this law or otherwise of the laws. " Said Yassin, a civil activist in the fight against corruption, believes that "crime and money laundering of the trans-national crimes, smuggling, despite the presence of Division at the central bank to control money laundering and smuggling, but has failed to encircle Jerimh.oukal Yassin that" it is out of control for many reasons, including the exploit the political influence and trade, because most of the companies are political interfaces or it turned out as a result of commissions and protection, and be for several purposes, including for the import of goods and equipment, in the complete absence of follow-up of these financial transfers and movement, resulting from the sale of the dollar in daily auction. " He added that "in case of adjusting these remittances for the purpose of importing the materials and imported goods is not equivalent to the amount of money that has been converted because of the weakness and corruption of ports (customs and taxes) checking the amount of goods entering the country, for example, the transfer of funds to import 100 containers. The ports are to pay customs duties to 100 containers, but the truth is 10 containers, any sense that the 90 containers of goods and fake, but it was the support of the quantities involved and the payment of fees by law. "

As seen Yassin, who is also president of the peoples of the Foundation for Democratic Culture, said that" treatment in settings smuggled money, it must be by joining a global network of banks, in order to adjust the financial transitions path, and adoption of the Platform importing specific goods and equipment with the actual need, as well as the transfer of funds bank, adjust the border crossings and enforce the law strictly, as well as encourage and reward cases reporting and control of smuggling and money laundering. "

the Prime Minister for economic Affairs Advisor to the appearance of Mohammed Saleh, the importance and usefulness of the draft money laundering for Iraq Act.

Saleh said" the draft anti-money Laundering Act, carries interest of Iraq because it will expand the international financial cooperation to combat money laundering with affiliated to the international financial action Task OAS . "

the adoption of the law as a result of the pressures of the World Bank on the Iraqi government and brandishing put Iraq on the blacklist, Madea Iraqi parliament to pass legislation the law of" money laundering and combating the financing of terrorism, the days of the timeout before.

according to the official spokesman for the federal judiciary judge Abdul Sattar Bayraktar, said that "the Supreme Judicial Council decided to re-link the competent courts to consider the financial and administrative corruption, money laundering and economic crime, headed by the resumption of Baghdad Rusafa Court of crimes, and under the direct supervision of the president of the appeal."

He sees expert Dr. Acer Yassin that "recently witnessed wide attention studying the phenomenon money laundering in relation to transactions managed by the Central Bank of Iraq out through auction currency and methods of management of the work of private banks and conversions operations.

Yassin said that "this relationship comes from the nature of work at the Central Bank and the nature of money laundering operations where the means of money laundering in financial institutions, is to enter or transfer or dealing with any funds resulting from the suspicious transactions source or illegally in a bank or financial institution in order to conceal or blur the true source of those funds to give them the legitimacy recipe. "

the central bank may follow the new policy, which included reduced sales of the dollar to banks and banking offices to quarter, reaching about $ 75 million a day, though it was $ 250 million, as the move came as a result of the House of Representatives to include a clause in the budget in this regard.

led financial crisis to impose restrictions on buying dollars from the central auction requests, but observers believe the latter mechanisms do not prevent bleeding currency and Alomwal.gar laundering operations that the central bank considered the House vote on the money Laundering Act will provide a legal framework for the banking sector in the fight against money laundering and smuggling. The State Institute in Basel, Switzerland, has issued over the past September, a periodic report put Iraq ranked sixth globally in the list of top threat in the fight against money laundering as the highest countries vulnerable to these risks. Where the narrow definition of the illicit money generated by the drug trade laundering is limited, and the views that have adopted the narrow United Nations Convention to Combat Trafficking definition of illicit narcotic drugs and psychotropic held in Vienna mentality in December 1988, as well as the recommendation of the EC Council in 1991. The judicial authority in Iraq, the offense of money laundering as characterized by, among other characteristics, as the crime is considered international crimes, the fact that national efforts alone are unable to cope with the aggravation of this phenomenon, which calls for an international unremitting efforts to meet them, as well as the money laundering from organized crime a crime because the this crime assume multiple perpetrators and the unity of the crime, materially and morally so that contributes to each element or more influential in the crime elements, as well as the characteristics of the crime of money laundering is the use of modern technical means in the offense of money laundering if they realized that the operations carried out through international networks characterized by planning arbitrator .

(source WAP)