Judiciary: we have taken legal action against 250 banking company and unauthorized
Judiciary: we have taken legal action against 250 banking company and unauthorized conversion
2016-01-11 16:08:00 | (Voice of Iraq) - Baghdad
Announced money laundering and economic crime Court, Monday, for the right to take legal action and 250 banking company to convert non-licensed, while stressing the Judiciary Chairman Medhat al-Mahmoud said 2016 will be the end of the process of manual adjustment in suits.
He said the money Economic Crime laundering Court judge Iyad Muhsin ligature in a press conference held in the Supreme Judicial Council building in central Baghdad that "the Council has taken legal action against 250 banking and company money transfer unauthorized," noting that he "has been arrested 57 accused and the gang to promote and currency counterfeiting and referral to the competent courts. "
Ligature and added that "the accused confessed that the counterfeiting process taking place in one of the neighboring countries," he said, adding "with an investigation of 18 companies accused of converting financial funding terrorism in hot spots."
For his part, the Chief Justice Medhat al-Mahmoud said, "said the Council today decided that the 2016 end to the process of manual adjustment in suits and happening to electronic control and regarded as one of the responsibilities of the heads of appeal exclusively," stressing the need "to emphasize the criminal courts an investigation and trial not to trigger Once the criminal (Sri News) or (e-mail) unless it is supported by evidence or presumption. "
Mahmoud pointed out that "one of the Supreme Judicial Council resolutions and other devices is the federal judiciary's commitment to take into account all the components of the financial situation of the state in the light of falling oil prices and in the area of spending in all financial commitment and the instructions issued in this regard with precision."
The central bank announced, (December 11 2015) for imposing fines against banks amounted to 400 billion dinars, including 40 banks, indicating that it was punishing 426 non-bank financial institution several penalties.