Foreign money must be converted by the central bank exclusively to curb money laundering
Parliamentary Finance: Foreign money must be converted by the central bank exclusively to curb money laundering
Monday 20 August 2012
Follow-up – and babysit – advised decision of the Finance Committee MP / coalition in Iraq / Ahmed electrodes, Iraqi traders not to transfer their money from foreign banks, but be via the central bank to control the operations of illegal Ktherib currency and money laundering.
The electrodes Today: The foreign banks that used Iraqi trader in dealing with them in the transfer of funds when importing its goods led to carry out illegal Ketbiad money and currency smuggling to countries surrounding Iraq and suffering from political and economic crisis such as Syria and Iran to the difficulty of controlling the work of those banks.
He added: You must be a foreign exchange of funds by the central bank and the banks under the control and monitoring of the central bank can not be dealt with foreign banks because they help to carry out an illegal cause damage to the national economy Kgusal money and smuggling of hard currency.