Financial expert warns of Iraq put on the black list because of money laundering
Financial expert warns of Iraq put on the black list because of money laundering
05/02/2015 15:28
Tomorrow Press / Baghdad warned financial expert Sadeq Mahmoud al-Bayati, Saturday, of the consequences of the situation in Iraq on the black list of countries dealing with laundering money. Bayati said for “tomorrow Press”, that “the work of Iraq’s instructions anti-money laundering system without a formal law regulating his work would make him susceptible to put on the black list of countries experiencing laundering organization funds operations unchecked. ” He added that “the central bank works since 2004, and yet the instructions of anti-money laundering, but it between the period and the other says he is organizing and paying special anti-money laundering to the House of Representatives but That did not happen. ” He pointed Bayati that “the consequences of the situation in Iraq on the black list is the inability of some companies to engage in the implementation of different investment projects because their countries laws do not allow it, as well as doubts for the international Monetary Fund and the World Bank the possibility of funding the Iraq through loans especially as they were cautious of the Iraqi government and the central bank and more than once the existence of organization and a great money-laundering operations in Iraq. ” The form of the House of Representatives about two months a tripartite committee of financial integrity and economic representative to discuss the money laundering before, the Tripartite Commission said it had gathered information and evidence many on money-laundering and currency smuggling difficult.
alghadpress.com
