Anti-corruption: the amount of money smuggled from Iraq amounted to 360 billion dollars

Anti-corruption: the amount of money smuggled from Iraq amounted to 360 billion dollars

Posted, 2021-09-11

Anti-corruption - the amount of money smuggled from Iraq amounted to 360 billion dollarsA former member of the Anti-Corruption Committee, Saeed Yassin, revealed, on Thursday, the amount of looted and smuggled funds from Iraq, and while he announced the holding of a conference to discuss its recovery in the middle of this month, he confirmed that there are two parties working on recovery.

Yassin told the Iraqi News Agency that “work to recover the looted funds is carried out through the Integrity Commission’s Money Recovery Department, the Fund for Recovering the Funds, whose membership includes the Integrity Commission and the ministries of finance, foreign affairs, justice, the judiciary, the Central Bank, the intelligence and national security agencies, as well as the Office of Financial Supervision.”

He added, “The initiative of the President of the Republic to present a new anti-corruption law will meet the requirements for recovering the looted funds,” noting that “Iraq is a party to the United Nations Convention against Corruption, and there is an international commitment from these parties towards the agreement that they cooperate among themselves in order to recover the money in accordance with the mechanisms.” .

He pointed out that “there is also the Arab Anti-Corruption Agreement,” noting that “Iraq has cooperation agreements with many countries, but it needs to expand these agreements.”

He pointed out that “there is a conference to recover the money that will be held on the 14th or 15th of this September to activate the role of the Ministry of Justice, as it is considered as Iraq’s lawyer before the world in order for there to be international, bilateral or collective agreements in accordance with the agreements,” noting that “the volume of corruption funds is estimated within limits. 360 billion dollars.

burathanews.com