Palm - with Iraq sought to regain its economic as oil have an effect on the economies of the region, and to coincide with his efforts to get out from under Chapter VII once warned interested in economic affairs of the consequences of turning Iraq into an arena for laundering money for some neighboring countries, especially the money the drug trade and arms smuggling embezzlement and bribery as well as those used to finance terrorist operations.
Although the government denied the existence of money laundering operations in Iraq, but economists argue that a number of private banks and shops of the banking and companies operating in the financial sector play its role as a cover for money laundering operations.
Comes the growth of this phenomenon in the absence of a banking system that integrated control of all financial transactions between the outside of Iraq and within the one hand, and in the stock markets of Iraq the other hand, this is much easier to create a favorable environment for the spread of this phenomenon, which may affect in the near future on the economy of the country.
As He sees crescent Taan that a number of private banks as well as companies, civil works in the transfer of funds, is the day centers for money laundering in Baghdad and other provinces, noting at the same time that nearly more than 75% of financial transactions a day in Iraq is controlled them, the lack of regulators several shops competent acting remittance.
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