Home
Iraq's missing money...Dubai is indicted: smuggling is still continuing and Trump is coming
Economy | Yesterday, 13:02 |
Baghdad today - Baghdad
Representative Baqir Al-Saadi revealed today, Saturday (January 11, 2025), that
Dubai has become the largest point for smuggling Iraqi funds abroad,
pointing out the involvement of individuals, money changers, and banks in these operations. Al-Saadi said in an interview with "Baghdad Today",
"The smuggling of money from Iraq is still continuing in various forms, whether by
individuals or
banking companies, in addition to the involvement of
some banks that use remittances as a means of transferring money in a way that raises major question marks." He added,
"Dubai has become the largest destination for this money, with clear indicators observed during the recent period confirming the involvement of some banks in facilitating smuggling operations." Al-Saadi confirmed that
“the Iraqi Parliament, through its oversight duties, is following up on many files related to this matter, some of which are under investigation in coordination with the competent regulatory authorities,” noting that
“the Central Bank of Iraq suspended the activity of 10 banks due to suspicions about smuggling money outside the country in illegal ways.” Comply with established instructions and controls. Al-Saadi explained,
"The money smuggling file is very complex, despite a series of measures taken by the Central Bank, including coordination with the US Treasury Department, which imposed sanctions on some of the banks involved." He pointed out that
"smuggling operations depend on complex routes and routes, which makes controlling them a major challenge," stressing that
"there are important investigations underway that may yield tangible results during the coming period." Al-Saadi concluded by saying,
"Efforts are continuing to uncover the facts and hold those involved accountable, but
combating this thorny issue requires more time and strict measures."
It is noteworthy that US President-elect, Donald Trump, has stated more than once that he will deal firmly with the issue of protecting the dollar in the world, especially with countries that have admitted their involvement in currency smuggling and money laundering, such as
Iraq, which the Trump team believes tolerates currency and oil smuggling operations.
https://baghdadtoday.news/265657-أموال-العراق-المفقودة.-دبي-في-دائرة-الاتهام-التهريب-لايزال-مستمرا-وترامب-قادم.html
