The Central Bank denies the existence of money laundering operations in Iraq
Posted: Sat Sep 12, 2020 7:58 amThe Central Bank denies the existence of money laundering operations in Iraq
9/12/2020 13:43
Where News _
Baghdad The Central Bank of Iraq denied, on Saturday, the existence of money laundering operations in Iraq.
The Director General of the Accounting Department at the Central Bank, Ihssan Shamran, said, according to government media, that "there are no systematic money laundering operations, and thereare no markets specialized in this matter as well," pointing out that "any practices in this regard, and if any, are limited."
Shamran added, "There are media organizations that want to harm the Iraqi economy, the reputation of regulatory institutions, and keep investors away by creating the impression that the security of transactions, institutions and funds is weak so that they avoid dealing with Iraqi institutions and the Iraqi economy."
He explained, "The money laundering process is carried out through practices that appear to be normal and legitimate, such as someone importing goods into Iraq and then selling them at cheap and striking prices with the aim of delivering money to certain destinations that are difficult to transfer, but these operations are very limited."
He called for "the necessity of responding to such allegations aimed at discrediting the Iraqi economic establishment," indicating that "cases of money laundering are widely spread in the countries neighboring Iraq."
alliraqnews.com
9/12/2020 13:43
Where News _
Baghdad The Central Bank of Iraq denied, on Saturday, the existence of money laundering operations in Iraq.
The Director General of the Accounting Department at the Central Bank, Ihssan Shamran, said, according to government media, that "there are no systematic money laundering operations, and thereare no markets specialized in this matter as well," pointing out that "any practices in this regard, and if any, are limited."
Shamran added, "There are media organizations that want to harm the Iraqi economy, the reputation of regulatory institutions, and keep investors away by creating the impression that the security of transactions, institutions and funds is weak so that they avoid dealing with Iraqi institutions and the Iraqi economy."
He explained, "The money laundering process is carried out through practices that appear to be normal and legitimate, such as someone importing goods into Iraq and then selling them at cheap and striking prices with the aim of delivering money to certain destinations that are difficult to transfer, but these operations are very limited."
He called for "the necessity of responding to such allegations aimed at discrediting the Iraqi economic establishment," indicating that "cases of money laundering are widely spread in the countries neighboring Iraq."
alliraqnews.com