Experts confirm: the actions of the central bank behind the decline of money laundering

2017/06/04 (00:01 PM) - Number of readings: 339 - Number (3940)


The central bank revealed a recent decline in the money rampant seriously in recent years laundering operations, noting that, of the most important reasons that led to this, the training of bank personnel and the withdrawal of licenses a number of exchange companies, and international cooperation to curb money laundering, while experts say In the economic aspect, that the agreements concluded by Iraq with international financial organizations such as the International Monetary Fund and the World Bank, have contributed effectively to reduce money laundering, and the legislation of the law on money laundering and the procedures of the Central Bank, Control my work Money laundering.

"The measures taken by the Central Bank to close more than 100 companies for their cooperation in the smuggling of money, terrorism and money-laundering operations have achieved positive results," said Majid al-Suri, an economist.

He said: The tight measures on the currency sale window imposed by the central bank have been too many and have contributed to reducing the money laundering, which led to control of the price of the currency in the Iraqi market, where the price of the US dollar fell from 1300 To 1200 dinars, in addition to the Strict procedures with regard to the process of monitoring compliance and internal auditing and capital and the emphasis on the need to follow all the instructions and regulations issued by the Central Bank and make it one of the basic criteria for entry into the sale window of the whole currency led to control in the market in the initial form of the most important.

On the other hand, cooperation that took place between the central bank and other government agencies and international institutions, particularly the international Monetary Fund and the World Bank, all led to this result, there are agreements now exist to follow the movement of capital in agreement with various international bodies, especially since Britain Bafatt The money laundering process can not be eliminated even in the big countries, but it can be controlled with the cooperation of all local and international bodies. We in Iraq do not even have today, Minutes in the volume of money-laundering operations.

The economic expert in the name of Antoine, in an interview with (range), that the law of money laundering issued before the activation of the role of the Department of control of the external transfer in the Central Bank and the matching lists received and the tightening of customs and the control of banking offices, has been reduced from the role in money laundering operations and stopped part including, stressing that, if the censorship continues in this way with international coordination with the United States and the international Monetary Fund and the neighboring countries, there will be a large-scaled for this operation in Iraq.

Antoine goes on to point out that the money laundering and forgery in general in Iraq was not in this way because the censorship was existing but weak, and the fear that the money laundering operations in favor of terrorism and financing of terrorist operations, so intensified control recently to prevent this process in Iraq, That money laundering is multiple, including through the introduction of drugs and the introduction of goods and goods at unrealistic prices, and access to funds from irregular entry,

including prostitution, smuggling, drugs and illegal gain from the sale of arms, with the sale of members and trade sex, women and others, All this The Central Bank's adviser, Walid Idi, said in a press statement that "the Central Bank of Iraq is intensively monitoring precautionary measures on the file against money laundering and the financing of terrorism as a scourge.

"The nature of the Iraqi regime (monetary), so we find that the volume of money laundering is few compared to other countries, especially that the central bank and in cooperation with the authorities, the trail Employees of the banking sector on anti-g For money and the financing of terrorism, the fact that the banking sector is the biggest target of these operations. " He pointed at the conclusion of his speech, that the central bank to withdraw licenses exchange companies located in the areas of conflict, for fear of its operations for the financing of terrorists, which in turn cut the road in front of them.

Money laundering is one of the most hot topics in the world, and governments, security agencies, financial institutions, and banking in particular are working to combat it as a serious threat to global peace and security. Money laundering or money laundering is known as " Which are legally recognized as "accepting deposits or funds derived from illegal or criminal activity, concealing their source, covering up them, or assisting any person who is an original actor or a partner in that work Drop Out of Results Selfish to do.