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Jalil Al-Lami: The smuggled money file is very complicated and the countries of the world do not cooperate for many reasons
Wednesday 31 August 2022 23:44 |Economic Number of readings: 783
Baghdad / NINA / - The economic expert, Jalil Al-Lami, confirmed:
"The file of smuggled money is a very complex file, especially with the internal and external problems facing this file." Al-Lami said in a statement to the National Iraqi News Agency / NINA:
"The volume of smuggled funds exceeds (350) billion dollars," noting that:
"There is no international cooperation, even if the Iraqi government obtains judicial decisions from international courts." Al-Lami explained:
"The reason is that most politicians are dual nationals, and the secrecy of banking work in many countries, especially Switzerland, prevents the disclosure of the names and addresses of depositors." He added:
Al-Lami pointed to the failure to activate the UN Money Laundering Convention for the year (2005), which was ratified by Iraq in Law No. (35) in (2007), which may play a major role in recovering funds in the event that internal conditions are met in the country. He continued,
"The weakness of the government internally stands as an obstacle to recovering the funds,
in addition to the rampant corruption in government institutions." / End 3
Jalil Al-Lami: The smuggled money file is very complicated and the countries of the world do not cooperate for many reasons
Wednesday 31 August 2022 23:44 |Economic Number of readings: 783
Baghdad / NINA / - The economic expert, Jalil Al-Lami, confirmed:
"The file of smuggled money is a very complex file, especially with the internal and external problems facing this file." Al-Lami said in a statement to the National Iraqi News Agency / NINA:
"The volume of smuggled funds exceeds (350) billion dollars," noting that:
"There is no international cooperation, even if the Iraqi government obtains judicial decisions from international courts." Al-Lami explained:
"The reason is that most politicians are dual nationals, and the secrecy of banking work in many countries, especially Switzerland, prevents the disclosure of the names and addresses of depositors." He added:
Al-Lami pointed to the failure to activate the UN Money Laundering Convention for the year (2005), which was ratified by Iraq in Law No. (35) in (2007), which may play a major role in recovering funds in the event that internal conditions are met in the country. He continued,
"The weakness of the government internally stands as an obstacle to recovering the funds,
in addition to the rampant corruption in government institutions." / End 3
