Judiciary: violations of private banks from the jurisdiction of the court of money laundering and not the Integrity Commission

12.01.2016 17:11

Long-Presse / Baghdad
, The presidency confirmed the resumption of the Rusafa court on Thursday that "the crime of money laundering," the court is competent to hear the private banks irregularities and not the Integrity Commission, indicating that the judiciary succeeded in retrieving "huge amounts of money" at this level.

The prosecutor said the court, Judge Hisham Haidar, told the newspaper "elimination" of the media center for the judiciary, I followed (the long-Presse), said that "money laundering and economic crime court is competent to hear claims of violations of the private banks."

Promised Hisham, that "some error is believed that dealing with these issues from the jurisdiction of the Integrity Commission," noting that "the first article of the Integrity Commission No. 30 Law for the year 2011 set limited to crimes which they are dedicated, not including money laundering."

He revealed the Prosecutor, for "the success of the judiciary in the retrieval of large sums of money more than a down payment on this level," stressing that "the judiciary representatives, the Court of money laundering, plays a significant role in the accounting and pursue the sale of currency by the central bank window and shares in the monitoring of many irregularities and addressed once and for all, in cooperation with the relevant authorities. "

And saw Hisham, that "money laundering is about a year of modern crimes, and the international community has a special discourse with them, including the Iraqi judiciary through specialized court."

The specialized issues of integrity, money laundering and economic crime in Baghdad court of inquiry, announced in the (third from November 2016), its success to stop wasting more than a hundred billion dinars during the current 2016, almost acted almost contrary to the law through loans without collateral or under forged bonds , indicating that it contributed to recovery of about 21 billion and 800 million Iraqi dinars from outside the country, in coordination with the relevant authorities.

The Cabinet approved Tuesday (June 30, 2015), on the draft anti-money laundering law, the financing of terrorism.

The laundering or money laundering, economic crime aims to legitimize illegal to taboo funds, for the purpose of acquisition, disposition or management or saved, replace, or deposit, investment, transfer, transfer or manipulation of their value if the result of crimes such as the cultivation and manufacture of narcotic or plants gems and substance abuse, retrieve, export and trafficking, and the abduction and transportation, and the detention of persons and the crimes of terrorism and its financing, and fraud and breach of trust, fraud, fraud, and immorality, prostitution, trafficking and smuggling of antiquities, and felonies and misdemeanors harmful to state security on the one hand the outside and inside, bribery, misappropriation of public money and aggression, and treachery, crimes Zaov coins and counterfeit and forgery.

Source