Member of the Commission of Economy parliamentary calls for the formation of "higher council for financial crimes."

Saturday 17 December 2016 14:19

Alsumaria News / Baghdad

Considered a member of the Committee on Economy and Investment parliamentary Jawad al - Bolani, Saturday, that state institutions supervisory procedures remain until the moment "is not sufficient" to prevent fraud and manipulation of the economic situation operations, as called for the formation of "higher council for financial crimes," called for comprehensive action review banking offices and clients with the currency auction.

Bolani said in an interview with Alsumaria's News, " The regulatory state institutions procedures remain until the moment is not sufficient to prevent fraud and manipulation of the economic situation operations , " stressing " the need to activate the economic crime and security agencies intelligence circles Kalmkhabrat to follow all associated economic activities inconsistent with the law ".

He said al - Bolani, that "there is a need to undertake serious steps High - level and coordination to prevent smuggling of funds which may cause foreign exchange loss , or may be a way to finance terrorist groups", calling for " the formation of a supreme council for financial crimes of all regulatory authorities to enable them to follow the movement of funds and the application private adjusts the currency conversion operations procedures. "

He called al - Bolani, a "comprehensive review of the work of the banking offices and clients with the auction currency issues remittances abroad, and to subject the financial sector to the proper procedures to prevent the abuses that might jeopardize the security of Iraq 's economic and security through advanced coordination with neighboring countries , " pointing out that " the bank Central got significant strides, in addition to the obvious role during the current phase carried out by the Ministry of Finance and regulators inspection in this matter. "

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