Absence of customs tariff were not the main reason to increase money laundering
Finance parliamentary: the absence of customs tariff were not the main reason to increase the phenomenon of money laundering in the country
12-10-2013 12:37 PM
Baghdad (news) .. Saw a member of the Finance Committee MP / National Alliance / Abdul Hussein al-Yasiri, that the absence of the application of the customs tariff on the Iraqi border is not the main reason for increasing phenomenon of money laundering in the country, but there are other factors led to the exacerbation of the phenomenon. Yasiri said (of the Agency news): that the absence of the application of the customs tariff at the border crossing points have linked indirectly to increase the phenomenon of money laundering, because the process of money laundering is a transfer of funds from legitimate to illegitimate through the import of materials internationally prohibited or used to support terrorism. added: that the application of the law of the customs tariff is not has a direct impact on the phenomenon of money laundering, in terms of combat and otherwise, as some imagine, indicating that the process of combating need to make the effort of everyone, both state institutions both governmental and non-governmental organizations and to issue strict instructions by the central bank. This was confirmed some specialists in the field banking that the increase in the phenomenon of money laundering during the current period due to the absence of the customs authority on the Iraqi border. / End
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