Experts: covered corruption and tax evasion, money laundering

Experts: covered corruption and tax evasion, money laundering

1/4/2015 0:00

Experts - covered corruption and tax evasion money launderingRequired the development of the paragraphs of law and according to the international variables
BAGHDAD – Hussein Tgb
Mostafa Hashemi
Collect a number of specialists affairs banking on the importance of the development of anti-money laundering law and make it consistent and supported in the developed world, and argued that all banks have units anti money laundering act professionally and in accordance with the Bank’s instructions Iraqi Central.
Executive Director of the Association of private banks in Iraq, Tariq pointed to the importance of the development of anti-money force laundering law, pointing out that the central bank is currently being necessary amendments to the Act and make it more organized movement of Iraqi funds and away from all forms of violations that accompany the flow of the movement of cash inside and outside Iraq.
He noted in a statement ┬╗Sabah┬╗ that the Association is following the development of modules anti-money laundering in Iraqi banks and in accordance with international standards, and this comes within the new directions for the work of the Association and aimed at the promotion of the private and make it compete with global banks in terms of Almentjat.obin Tariq banking work The Iraqi banking sector development is the most important pillars of sustainable development sought by Iraq, pointing out that the international effort evolving needs a banking sector is able to provide products to suit the size of the work done in the country, noting that most of the global companies considering work from all sides environment before entering to any country.
The banking advisor Dr. Essam Mahouelle has said that all operating in Iraq banks, whether civil or government has the units involved in the fight against money laundering and operating according to the approved, stressing international standards in a statement the “morning” that the central bank does his job professionally and should to preserve the independence and not subject to any pressure, pointing to the importance of Iraq for a credit rating, which plays a major role in the development of Iraq, including proportional and put the banking and financial economist at the order and peace of the rankings of these two Ganpin.wachar Mahouelle that there is a correlation between the phenomenon of money laundering and financial and administrative corruption must be discovered and resolved, and the elimination of organized crime and adjust operations bleaching money and establish laws to prevent the waste of public money and the elimination of administrative and financial corruption.
He explained, “The Central Bank of Iraq developed several measures to address this phenomenon, detection and control under Law No. (93) for the year (2004 ), where the systems that process through Article (12) of the Act and therefore that the Bank set up an office to report money laundering. Be a follower of the Central Bank that office shall collect, process, analyze and disseminate reporting of transactions and is contributing to the implementation of the Iraqi policy to prevent money laundering and the financing of crime, including funding Alarhab.oiry banking expert, Dr. Salim Mohammed Aboud said an investigation of the stability of the banking and financial system in the country, the Central Bank from time to The last issue instructions and controls to commercial banks and financial institutions operating in the country, either as a result of continuous monitoring of the situation in the banks Aosdor standards and recommendations of the international specialized committees either central banks relationship in the control of money laundering, it is following up on international and regional developments in terms of international cooperation to combat laundering operations money and issuing circulars necessary.
banking expert d. Muhannad Qassim said in his speech for the “morning” to the money in force laundering law proceeded in accordance with international standards, pointing out that it requires the development of paragraphs according to global changes that have taken place and commensurate international laws adopted in most of the developed world.
He pointed out that all local banks have units Anti-money laundering working under the direct supervision by the anti-money laundering department at the Central Bank of Iraq, noting that the managers of these units operators have specialized academic certificates in this regard as well as the banking experience as well as a central approval for their appointment in the field.
He denominator that private banks seeking to the development of human resources and empowered them from cutting-edge technology that regulate the banking business and do not allow to happen any manipulation in his joints.

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