Money Laundering Act avoids serious damage to Iraq
Money Laundering Act avoids serious damage to Iraq
7/2/2015 0:00
BAGHDAD – Al-Sabah
described the head of the Iraqi private banks association meek Handal money laundering law as the best way to enhance the confidence of international monetary institutions and banks the global banking sector, the Iraqi foreign dealings with Arab and international banks.
The bitter melon in a statement singled out by the (morning): The importance of this law stems from the supplied spammers and judgments that enable the judiciary and the central bank and the relevant authorities of the use of appropriate tools to combat money laundering and terrorism financing.
He said Handal’s keenness all member banks in the Iraqi private banks association fully commit to the law, if approved, to the subject of the importance and the impact of direct to the economy and society, especially in light of the circumstances in the country, referring to banks close cooperation with the Central Bank’s intention for the success of his efforts in achieving the objectives of this law.
He Handal to the need to speed up the approval to spare Iraq of sanctions resulting from the lack of such a law and of the development of the country on the black list that harm the reputation of Iraq and its economy.
The central bank may hailed in a press release issued by the province d. On the Keywords cabinet decision and vote on the draft anti-money laundering made by the central bank after the adoption of international standards and agreements and Ptsnic directly with the World Bank and the Financial Action Task Force and international organizations.
He called on the governor in a press statement on parliament to speed up passage of the bill to spare Iraq and put it in the black list, which have serious implications on the international position of Iraq and the national economy, pointing to Iraq a few grace period to enact the law requires to give him a preliminary to pass, to save time.
alsabaah.iq
