Parliamentary Integrity: 8 banks involved corruption and re-Central 450 billion to ~
Parliamentary Integrity: 8 banks involved corruption and re-Central 450 billion to the Treasury
October 7, 2015
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) of the Parliamentary Integrity Committee member Abdul Karim Abtan said the involvement of eight banks the files of corruption would be revealed after the completion of the investigation, noting that there are four banks a high level, and four other medium.
The Committee discussed the Parliamentary Integrity on Wednesday, hosted by Governor of the Central Bank on the Keywords fight against money laundering and the smuggling of currency and financial policy of the bank and its obligations as a member of the International Monetary Fund mechanism.
And between Abtan's (IMN) that "the great cooperation going on between the Integrity Commission and the Central Bank to stop and punish banks that operate on the currency smuggling," adding that "the central bank was fined some banks more than 450 billion dinars for the submission of false invoices."
He stressed that "the central bank was able to supplement the budget by 450 billion dinars to the treasury of the country through the bills scrutiny to domestic banks and restored to the treasury," pointing out that "the central bank put several mechanisms to curb money laundering and the reduction of this phenomenon."
The central bank has taken punitive action against 14 banks for reasons of non-implementation of some of the directives on the grounds that the authority supervising banks.