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Iraq put on the black list because of money laundering
02/05/2015
Financial expert warned Mahmoud Sadeq al-Bayati, Saturday, of the consequences of the situation in Iraq on the black list of countries dealing with money laundering operations. Bayati said, "that" the work of Iraq's instructions anti-money laundering system without a formal law regulating the work would make him susceptible to put on the black list of countries experiencing laundering organization funds operations unchecked. "He added that" the central bank works since 2004, and yet the instructions of anti-money laundering but between the period and the other says he. is organizing and paying special anti-money laundering to the House of Representatives, but that did not happen, "said al-Bayati that" the consequences of the situation in Iraq on the black list is the inability of some companies to engage in the implementation of different investment projects because laws their countries do not allow it, as well as doubts for the international Monetary Fund and the World Bank the possibility of funding the Iraq through loans in particular and they were wary of the Iraqi government and the central bank and more than once the existence of organization and a great money-laundering operations in Iraq. "The form of the House of Representatives about two months a tripartite committee of financial integrity and economic ago Parliament to discuss money laundering, the Tripartite Commission said it had gathered information and evidence on many money laundering and the smuggling of hard currency.
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02/05/2015
Financial expert warned Mahmoud Sadeq al-Bayati, Saturday, of the consequences of the situation in Iraq on the black list of countries dealing with money laundering operations. Bayati said, "that" the work of Iraq's instructions anti-money laundering system without a formal law regulating the work would make him susceptible to put on the black list of countries experiencing laundering organization funds operations unchecked. "He added that" the central bank works since 2004, and yet the instructions of anti-money laundering but between the period and the other says he. is organizing and paying special anti-money laundering to the House of Representatives, but that did not happen, "said al-Bayati that" the consequences of the situation in Iraq on the black list is the inability of some companies to engage in the implementation of different investment projects because laws their countries do not allow it, as well as doubts for the international Monetary Fund and the World Bank the possibility of funding the Iraq through loans in particular and they were wary of the Iraqi government and the central bank and more than once the existence of organization and a great money-laundering operations in Iraq. "The form of the House of Representatives about two months a tripartite committee of financial integrity and economic ago Parliament to discuss money laundering, the Tripartite Commission said it had gathered information and evidence on many money laundering and the smuggling of hard currency.
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