Financial expert: impose sanctions on offending banks will limit money laundering
Financial expert: impose sanctions on offending banks will limit money laundering
24-06-2013 12:33 PM
Baghdad (news) .. Said financial expert as Hadi al-Tamimi, the importance of imposing financial penalties on banks violating the instructions of the Central Bank on the sale of hard currency and operations of financial transfer to reduce the phenomenon of money laundering. said Tamimi (of the Agency news): Some local banks are deliberately not to apply the laws and banking systems work, which caused volatile exchange rate of the dinar and helped smuggle foreign currency and encouraged money laundering operations. said: that the central bank demands to impose fines on banks that violate laws regarding the sale and purchase of foreign currency and converted to the outside to prevent money laundering or the like in the country. was CBI may face in the earlier financial penalty for United Bank for Investment for not retaining documents disclose the nature of the activities exercised by customers who submit requests for funding amounts through the central bank auction. / End / 8.’s. m /
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