Central Bank has the right to check the work of private banks to curb money laundering

Abdul Hussein al-Yasiri: Central Bank has the right to check the work of private banks to curb money laundering

17-05-2013 01:29 PM

Abdul Hussein al-YasiriBaghdad (news) .. According to a member of the Finance Committee MP / National Alliance / Abdul Hussain al-Yasiri, that some of the financial and banking institutions to not apply the law against money laundering because of the lack of effective control by the central bank. Yasiri said (of the Agency news): The Central Bank has the right to audit the performance of the work of banks Private and find out how much money you spend and where to go, to control the operations of currency smuggling and money laundering. added: that some banking institutions to not apply the law against money laundering, making the phenomenon is prevalent in the country, noting that the money they turned to terrorism or purchase receivables These are all longer تبييضا Iraqi funds. called Yasiri: Iraqi banks and citizens to cooperate with the central bank and its support for the elimination of money laundering and smuggling of foreign currency, because the bank represents the country’s monetary policy. / End / 8.’s. m /

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