Expert confirms the limited cases of money laundering

Posted by on Oct 27, 2013 | Leave a Comment

08/17/2013 12:00 AM

denied expert competent affairs banking Abdul Rahman Shaykhli the existence of money laundering large in the country. pointed out in an interview for the (morning) to the possibility of reducing it by following all the means of care required under Law No. 93 of 2004 on combating money laundering and the recommendations emanating from the group Financial Action Task Force against money laundering, FATF.

pointed Shaykhli that the process of money laundering almost exclusively in non-official institutions and not through legitimate institutions, adding that the banking sector is not the only Evtaqraly governance, but all sectors of government and non-governmental particularly because the policy of good governance (or governance) for companies and banks must guarantee the rights of the shareholders as to guarantee the rights departments in these companies. He summarized Shaykhli challenges facing the banking sector, which hampered the performance of its role in the development

of legislation the legal work of banks because it is to ensure the performance of this task, as well as the need to modify some of the previous legislation to be able to promote performance-optimized for banks and perform its role in the development process in Iraq, which have become necessities through the next stage.

repeated Shaykhli that legislation is the main limitation of movement of the banks and the launch of her hand to seize opportunities is the way to reach the country of what we aspire to in Iraq agonist New be for the development of domestic and foreign where a large space. seal Shaykhli Speaking Blaatkad firmly believe that mobility last between departments, private banks and bank management Central reached an effective solutions yielded good results, for example, including the low exchange rate of the Iraqi dinar rate for foreign currencies.

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