Money Laundering Act adopted international standards


10/20/2015 0:00

BAGHDAD – Suha Shaykhli
description financial expert Abdul Rahman Shaykhli the phenomenon of money laundering as (financial proceeds) and money resulting from the offense may be from drug trafficking crimes or human trafficking or arms or relics, or even tax evasion or theft came illegally to enter with clean money for a washing process, and he said that money laundering takes place in various ways.
When intervention in banks or in an investment project, become clean in the eyes of its owner and not in the know, and this process has become a large and spacious in the world, and noted Shaykhli out that in the past was not seconded her importance, come the seriousness of this, but a pro being run on the loss of the true crime landmarks.

Organization «FATF» He Shaykhli that the international financial Labour Organization (FATF) was founded after 2001 after the events of September 11 when the bombing of the World Trade Center where it held that there is funding for terrorist acts formed the organization belonged her most countries and of which we and Middle Eastern countries and North Africa is headed by Iraq’s central bank this organization this year,

and this perspective has become the crime of terrorism financing offense unusual and became of these organizations are very large international attention, and the focus of the work of these organizations to dry up the sources of terrorism in this funding cut issued terrorist groups FATF 8 recommendations to prevent the financing of these terrorist groups and 40 recommendations to combat money laundering and wrought recommendation money smuggling. smuggling and escape,

said Shaykhli that the difference between escape and smuggling of money is that smuggling means that the citizen out his money to work outside the country illegally without being disclosed case case of smuggled relics Funds flight is due to the situation unstable security, forced citizens to take his money to the occupied abroad but with the knowledge of the state,

subject to two conditions the first to know the state of the nature of the money from where he got it and when you invest venture abroad that the state knows about the modus operandi of the money when it enters into Iraq.

money laundering in Iraq and the effects of money laundering on the Iraqi economy, shows Shaykhli example streamer comes the money his money to a bank thereby contributing to increased corruption to pay bribes and gifts in order to incorporate the dirty his money with clean money, so become a cash value is of real value,

and we believe such a person shortly after pulling his money deposited by causing upheaval of the bank, some countries rely on laundering money, including South East Asia or South Latin America and the unfolding effects of money this in caused to confuse them.

And the money laundering operations in Iraq said Shaykhli It’s almost too little, and came because of financial and administrative corruption only, so the process in Iraq were not impressive and the country and the administration are able to be resolved as soon as the elimination of administrative corruption, and there is an important aspect and the risk of a process that the financing of terrorism,

where terrorist organizations operating outside Iraq to harm Iraq, killing and Tfjarlzlk financial institutions in the reduction of private financing terrorism operations of the money coming from abroad, for example, car bombs which hit Iraq so far we have not seen that a citizen came to say that his car was stolen recently I was told it was a bomb so that the terrorist buys cars stolen and this means that there is funding for these crimes from outside the border.

The new law confirmed Shaykhli that the fight against money laundering, which began last September 16 most important of which law he hand Iraq back on under blacklist a suspicious list that prevents the handle and already we will not deal with those countries, the International Monetary Fund and the World Bank request from Iraq to have a law suit and international legislation

and identified our requirements and embarked law and important observation around him that he focused on Iraq’s commitment before the international financial organizations and the most important characteristic of the new law, but other details have stressed the law on sanctions until He arrived to life imprisonment and fines estimated at five times the amounts that are traded in the money laundering operations.

And Achehrhalat money that have occurred in Iraq washing Sheikhli said it’s very few cases quickly dominated by the central bank and occurred in the Rafidain Bank in Baghdad Municipality. and the importance of this issuance Law Sheikhli said he commensurate with the requirements of Iraq is a very good law especially the paragraphs indicate that the central bank is authorized to issue detailed instructions for
the implementation of the paragraphs of this law mechanism and this earns flexibility,

and introduced a court of law to combat money laundering and identify the economic crime and there his headquarters office in the Central Bank and the Council for washing money headed by Governor of the Central Bank. fortify the banks and on how to protect herself banks of these operations between Shaykhli that most of the Iraqi bank employees have been trained on money-laundering operations,

so they spring from the subject of suspicion and mistrust adequacy treatment no matter how small or grown up, seen from behind the lines and the employee trainee sees crystal adequacy treatment enveloped suspicion and mistrust must inform the employee control authorities in order to stop or continue treatment.

http://alsabaah.iq/ArticleShow.aspx?ID=102703

Advertisement

Minister of Trade arrested at Baghdad airport

Minister of Trade arrested at Baghdad airport  Writings Monday, October 19.2015  Baghdad Iraqi National / Agency News / Nina / dropped power of the national intelligence service arrested the Minister of Commerce Mlas Mohammed Abdul Karim at Baghdad airport when he tried to travel to Sulaymaniyah.
A source in Baghdad, the Iraqi News / Nina / National Agency Airport: “The security forces in Airport prevented the Minister of Trade of travel, but he refused to comply with its mind and boarded the plane bound for Sulaymaniyah.
“He added:” The strength of the intelligence service, accompanied by representatives of the Commission on Public Integrity, hauled off the plane and arrested him.
“The Central Investigating Court today issued an arrest warrant The Minister of Commerce and his brother on charges of financial corruption.

http://www.kitabat.com/ar/page/19/10/201…D8%AF.html —

Trade: arrest warrants against the former managers go back to the government


16:56:51 2015-10-19 | (Voice of Iraq) – Baghdad announced that the Ministry of Commerce, on Monday, that the arrest warrants issued by Integrity right, Director General of the General Company for Car Trade and the General Company for Trade of construction materials Court belonging to contracts carried out in the previous government’s time, as pointed out that the Minister of Commerce Mlas Abdul Karim an investigative committee in those files, called on all companies and departments to open the files to investigative committees in the Integrity Commission form. The Commerce Department said in a statement that “the investigation the cause of what happened to State Company for Automotive Trade and the General Company for the trade of construction materials are the former government” files, noting that “it was open investigation in the current government time and forwarded to eliminate after the investigation is completed in the inspection and monitoring devices that were based on the facts of concrete material developed in front of the Iraqi judiciary. “Thestatement added,” The current Minister of Trade form committees investigative headed by the undersecretary of the ministry to scrutinize those files and a statement authorities committed offenses The horseshoe of the law, “adding, that” the Inspector General’s Office at the ministry continued legal action taken in this regard and the disclosure of the abuses of wasting public money through the statement of the true potential of materials and equipment that have been contracted and has taken legal action according to the law. “The statement continued,” The Minister The current trade instructed all companies and departments to express all aid and open all files to the investigative problem in the Integrity Commission to scrutinize all contracts administrative and financial taken and procedures previously committees and later to make way for investigators to detect any disrepair committed or waste of public money to deal with it and identify who Shortened to re public money. “The specialized claims integrity in the Baghdad court of inquiry, announced on Monday, for the issuance of the arrest of the two general managers and employees of the receiving committee in the Ministry of Commerce on charges of financial corruption orders, as ordered reserve funds accused of movable and immovable property, banned travel to abroad to force them to turn themselves in. The Prime Minister Haider al-Abadi called, on Wednesday, the (23 September 2015), the judges of integrity to the beating with an iron fist, justice and do not let the corrupt evasion, and while stressing the need to confront them because they are “more dangerous than cancer” and trying to purchase of receivables, stressed the need to develop strategies that help to deter corruption and speed up the solving these issues. The phenomenon of corruption “the biggest challenge” facing Iraq as well as security, since the year 2003, especially the levels reached a level led international organizations specialized to the situation in Iraq is among the countries. ” most corrupt “in the world, as it led to popular protests successive most recently those that swept the majority of the provinces since (the 31st of July 2015), to demand the fight against rampant corruption, and improve services. The Prime Minister Haider al-Abadi taken assertive several of the reforms recently as a result of the mass movement the uncle of 11 provinces, calling for reform and the fight against corruption and improve services, including reducing the ministerial cab from the 33 to 22 only a first step, and reducing the protections of senior officials by 90%, and salaries as well as many other procedures, while the government and parliament of those reforms approved, the latter by strengthening another package, and enjoyed popular support as well as the supreme Shiite religious authority.Add Comment

Read more:http://www.sotaliraq.com/newsitem.php?id=302569#ixzz3p1YnXwos

PM Haider Al-Abadi (Facebook)


Prime Minister Dr. Haider Abadi receives Russian ambassador to Baghdad, Mr. Elia Murgunov. Him the Russian ambassador a written message from Russian President Vladimir Putin to Dr. Haidar al-Abbadi, stressing Russia’s desire to develop bilateral relations with Iraq in various fields, especially armament side and exchange information to counter terrorist Daash gangs.

Zebari looking Urby official with the signing of the Convention on the bank’s investment in Iraq

History of edits:: 2015/10/19 15:1338 visits readable
[Baghdad – where]
Search and Finance Minister Hoshyar Zebari, acting with the European Union mission to Iraq Konstantinos Vardakiz signing of an agreement between the two sides and contribute to the development of ways to facilitate the European Investment Bank in Iraq.
According to a ministry statement received by the agency all of Iraq [where] a copy of “Zebari met with the acting European Union mission to Iraq During the meeting, received a letter the European Investment Bank on the development of economic and investment cooperation with the bank mentioned by signing an agreement between the two sides contribute to facilitate and the development of ways to bank investment in Iraq,
“the minister stressed Iraq’s desire to develop its relations with the bank as one of the EU institutions, which is associated with Iraq agreement of partnership and cooperation of the site between the two sides in 2012, also addressed the meeting, to the work of European companies operating in Iraq and its role in activating economy and investment movement and the importance of creating ways to successfully work, and the importance of exchange of visits between the EU relevant Iraqi authorities.
On the other hand the minister briefed on the financial situation in Iraq based on the draft 2016 budget and the options in front of the ministry to narrow the financial gap and fill the deficit. end

Abadi: 2016 budget realistic and secured the war and Salary expenses

History of edits:: 2015/10/19 16:5012 visits readable
[Baghdad-where]
Description Prime Minister Haider al-Abadi, a draft budget law for fiscal 2016 approved by the Cabinet yesterday to “realism”.
A statement by the Prime Minister’s Office, issued the day, the Agency has received all of Iraq [where] a copy of it, that “the Council of Ministers approved in its meeting held Sunday exceptional [yesterday], headed by Prime Minister Haider al-Abadi, the draft federal budget for fiscal year 2016 Act and sent to the House of Representatives.
“He said al-Abadi, according to the statement, that” the general budget and the details that have been approved accurate and realistic and take into account the financial revenues of oil and non-oil forecast for 2016 and secure the salaries and wages of civil servants and the armed and security forces and the popular crowd in addition to the reinforcement necessary to meet the gangs items terrorist Daash.
“The prime minister said that” the 2016 budget included securing the necessary funds for retirees and covered by social welfare allocations farmers and support crops of wheat and rice.
“The statement pointed out that” the federal budget recognized the value amounted to 106 trillion dinars, the price of oil to $ 45 a barrel and by the export of 3. 6 million barrels per day.
“He was placed source said to [where] yesterday that” the 2016 budget deficit of 23 trillion dinars, or by 21.69% of the total Almoisnh.anthy

Al-Bayati’s / scales News /: lower oil prices make the 2016 budget “compelling”

Economy and Tenders

Since 10/19/2015 15:09 pm (Baghdad time)

Special – scales News

MP for the coalition of state law Abbas al-Bayati, Monday, that the next year’s budget in 2016 “compelling” and that the presence of a decline in revenue as a result of lower oil prices, calling for the need to obtain an internal or external loans until the shortfall in coverage.

Bayati said L / scales News / “The budget of 2016 is a” compelling “the budget and that the existence of a decline in revenue as a result of lower oil prices in Iraq, in addition to winning the deficit, which amounted to more than $ 25 billion,” adding that “investment projects, a few that have affected on the budget significantly. ”

The MP for the coalition of state law that “the 2016 budget will focus its priorities on defense and security and salaries”, calling for “the need to obtain an internal or external loan until it is part of the deficit by the cover.”

The “Council of Ministers approved the financial budget for next year and amounted to 106 trillion dinars deficit of 23 Trliuna”.

It is worth mentioning that “the parliamentary finance committee member Abdul Qader Mohammed said, earlier, allocated to balance the 2016 approach to balance in 2015 at about 113 billion dinars money,” noting “there is a serious attempt by the government and all parties to rely on non-oil resources to help ease the deficit winning and raise the financial and economic Almistoyy in Iraq “.anthy 29 / GS / 18/4 e

http://www.mawazin.net/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D8%AA%D9%8A-%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%8A%D9%86-%D9%86%D9%8A%D9%88%D8%B2%D8%A5%D9%86%D8%AE%D9%81%D8%A7%D8%B6-%D8%A7%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%AC%D8%B9%D9%84-%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9-2016-%D8%A7%D8%B6%D8%B7%D8%B1%D8%A7%D8%B1%D9%8A

Zebari looking economic and financial cooperation with Germany

10/19/2015 16:22:00

Zebari looking economic and financial cooperation with Germany

Federal Finance Minister Hoshyar Zebari met on Monday 2015/10/19, at the headquarters of the Office of the Ministry, Mr. Eckhard Preveza German ambassador in Iraq.
During the meeting, they discussed economic and financial cooperation between the two countries and the contribution of German institutions in the investment sector in Iraq and the form in which it supports the 2016 budget.
The Minister also made a presentation of the financial situation and the steps taken by the government in order to overcome the financial crisis started.
https://translate.googleusercontent.com/translate_c?depth=2&hl=en&prev=search&rurl=translate.google.com&sl=ar&u=http://www.faceiraq.com/inews.php%3Fid%3D4286645&usg=ALkJrhgsWsdt83aaV2tm4NeYGF2KZSemFQ

Parliament to raise its next week after the postponement of the vote on the investment law

Date: 10/19/2015 15:37Parliament to raise its next week after the postponement of the vote on the investment law

nformation / BAGHDAD / ..
Presidency of the Council of Representatives decided, Monday, lifting the 31st meeting of the Council to Tuesday of next week, after the postponement of the vote on the investment law
A parliamentary source for the reporter Agency / information / The “House Speaker Salim al-Jubouri, the Council decided to raise the session to Tuesday, from next week after the postponement of the vote on the second amendment to the Investment Law No. 13 of 2006 Act.”
The source, who preferred not to be named, said: “Parliament session saw the vote on the draft law amending the Income Tax Law No. 113 of 1982”.
The House of Representatives of 31 of the second legislative year of the first term Legislative decade earlier, on Monday, under the chairmanship of its regular boss Saleem al-Jubouri and the presence of 200 deputies. Finished / 25 Q