Expert: closing banking offices are contrary to deter money laundering and the smuggling of currency
Expert: closing banking offices are contrary to the instructions for making Salem to deter money laundering and the smuggling of currency
Dated: 25/07/2012 13:32:08 Wednesday
Baghdad (news) .. Praised the economic expert, Ibrahim al-Mashhadani, measures the central bank for the closure of (190) Office of the Banking result irregularities in the circulation of hard currency.
Mashhadani said (of the Agency news) said on Wednesday: The holding of the Central Bank made a sound, well-to deter the smuggling of hard currency and the reduction of the process of money laundering he said, adding, that these offices have become channels of serious requiring her attention because they affect the amount of the dollar in the market and increase of its value against the dinar. He added: should the central bank to determine the restricted access and control to drive the dollar to maintain its value against the dinar, and the development of severe penalties the perpetrators of violations of the law. and pointed out: that the granting of leave to open offices banking must be preceded by the terms of harsh by the Central Bank include penalties if violated these conditions do not give them freedom to act in foreign currency because it is an important factor in the economy of Iraq. He explained: banking offices to facilitate on the citizen financial matters away from the routine, but that the legal work does not harm the economy of the State. / End / 21. d. Q /