{Al Furat News} reveals the results of the judicial investigation into the currency auction
{Al Furat News} reveals the results of the judicial investigation into the currency auction
01/07/2021 12:38:28
{Baghdad: Al Furat News} A judge responsible for the investigation of the currency auction file uncovered major legal violations and smuggling of foreign currency abroad, pointing out that the investigation had reached advanced stages.
In addition, the Supreme Judicial Council directed, through a circular issued by all investigation courts, to take legal measures against everyone who caused damage to the national economy, whether from foreign currency dealers or monopolistic merchants of goods and food commodities and the necessary commodities that citizens need daily, according to a statement of the Supreme Judicial Council . The
Council requested the Ministry of the Interior also instructed the police directorates concerned that conduct inspection tours shops selling wholesale and places selling foreign currency to control the violators of the law.
He pointed out the council ‘s statement that ” the competent anti – court investigating money laundering began several days ago to conduct an investigation regarding The auction of selling foreign currency and violations of the law by some private banks to participate in the auction of selling foreign currency.
The competent judge said the investigation advanced stages arrived in the detection of illegal operations and fraud and forgery to participate in the auction sale of the currency and the smuggling of foreign currency outside the country.
Furthermore, I decided to achieve the competent Rusafa Court to consider the integrity issues, money laundering and economic crime to take legal action against three ten banks for irregularities entering the auction currency without permits Kmarkip supports the entry of goods tax and settling accounts and the presence of suspicions of falsification of documents related to it.
According to the statement of the Supreme Judicial Council that ” the mentioned court decided to bring directors authorized banks offense due to breach of due diligence procedures imposed by the law anti – money laundering and the financing of terrorism No. (39) for the year 2015 “.
It is said that the Iraqi parliament on a date with a number of interrogations of finance ministers and electricity as well as Chairman of the board of Information and communications and the Governor of the Central Bank of Iraq.
A member of the Iraqi Alliance, a representative of the parliamentary wisdom bloc, Faleh Al-Sari, had previously announced his readiness to question the bank’s governor, Mustafa Ghaleb, against the backdrop of the dollar crisis and the currency auction.
It is noteworthy that judges specializing in money laundering cases revealed earlier that millions of dollars were smuggled out of the country by fake merchants, money changers and money transfer companies.
The judge defines this crime as “legitimizing money from an unlawful source, in a way that makes it appear in a legitimate form using several methods.”
Iyad Mohsen Damad, a money laundering investigation judge, says, “The Central Bank sells dollars to achieve two basic purposes, the first to exchange companies with a weekly share, provided that these companies sell them to those who intend to travel for treatment or tourism at less than the market price.” He added that “some companies sell dollars.” On the black market and offers copies of fake tickets and passports. ”
He added that “the second purpose is for the purposes of importing the private sector through the currency auction,” indicating that “the most frequent picture of money laundering in Iraq occurs through the auction of currency sale in the Central Bank, with the perpetrators of the crimes of embezzlement and bribery and the charging of commissions by depositing their money in accounts with private banks. “.
He pointed out that “an agreement takes place with people who represent their interfaces and register public trade companies in their names and then submit requests to enter the auction to sell the dollar under the pretext of covering the import needs of the private sector and transfer millions of dollars to financial accounts abroad without entering goods against them, and then their dealings are suspicious without commercial or Legal. ”
And that “the mechanisms set up by the Central Bank to sell the dollar through currency auction is by opening the merchant to an account in the National Bank in order to obtain what he needs from the Central Bank after submitting an application to buy the currency, supported by lists of purchase of goods, clearance from tax and import licenses from Iraqi exhibitions.”
Damad explained that “the process of buying dollars is between the National Bank and the Central Bank for the purpose of covering what the customer requests,” indicating that “legal obligations imposed by the Central Bank on private banks according to the law in accordance with the principle of Know Your Customer, as it is the responsibility of those banks to verify who deals with him and the need to know whether The customer, the merchant, can perform such an import process and owns the money, or is he a front to cover sources of money owned by criminals, “indicating that”
alforatnews.com
