Parliamentary economy: the weakness of the state and regulators increased the money laundering crimes

2015/9/16 10:14

{Baghdad: Euphrates News} saw a member of the Committee on Economy and Investment parliamentary Najiba Najib, on Wednesday, that "weakness" and state regulatory agencies has increased the money laundering crimes.

She said Najib told {Euphrates News} today that "the draft money laundering law was read a second reading in the previous sessions due to the large importance," adding that "the law if passed in previous sessions of the parliament of what happened the smuggling of Iraqi funds abroad this great shape," noting that "States and international organizations confirm the need for legislation Money Laundering Act."

She added, "If the approval of this law, there will be legal action to curb money laundering crimes, and also the penalties were included in this law will be a deterrent to those who have the intention of working in this crime," noting that "most of the interventions in the second reading of the law stressed that there should be integration of the provisions of anti-terrorism and money laundering in order to do not get a contradiction between texts and reconsider banks that make up the mechanism of supervision and control."

She stressed that "money laundering crimes came Ntejah the weakness of the state and regulators in the control of this crime ", adding that" a waste of money points and the failure of governments is the result of money laundering crimes. "The House of Representatives completed during its regular in the 9th of this month, the second reading of the law of the new anti-money laundering.

The appearance of Mohammed Saleh Economic Adviser to the Prime Minister Haider al-Abadi, had confirmed for {Euphrates News} Monday, that the House legislation to the law of the new anti-money laundering would give Iraq the power to recover funds smuggled abroad, explaining that public money edema to end the statute of limitations, and remain involved wanted Pachtlash by law until cropped law Menh.anthy m