Economist: money laundering needs to be an exceptional effort by State regulators
Baghdad (News) …Explanation of financial expert as beautiful, because the phenomenon of money laundering to the absence of SAIS, and lack of control of the fact to adjust the Iraqi border.
A beautifully (News Agency news) on Tuesday: the absence of regulatory processes of entry and exit of funds to and from Iraq and the absence of economic laws such as tariffs and combating money laundering, in addition to the lack of control of the fact to adjust the border led to the spread of the phenomenon of money laundering in Iraq.
He added: the fight against money laundering require an exceptional effort made by State regulators as a House, the Central Bank and even executive power to adjust the border first and continue business operations through control of import and export.
Called beautiful: a realistic scientific study by professionals and persons with competence and efficiency to determine the magnitude of the problem and its causes and to develop a scientific plan to combat the phenomenon of money laundering and the limitation of it a dangerous phenomenon threatening the national economy and local currency