CBI: Will examine all money entering into the country for mo

[Stillw8n]

CBI: Will examine all money entering into the country for money laundering

CBI: To Amajaov of money laundering within the Iraqi banks

Baghdad, 5 December / December (Rn) – The Central Bank of Iraq, Monday, that the Amajaov of money laundering within the Iraqi private banks and government.

The deputy governor of Central Bank of Iraq the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the money entering Iraq from international companies are to examine the anti-money laundering globally.”

“The Iraqi Central Bank monitors the incoming money through the international companies that work on the implementation of investment projects in the country and check in the official documents which dispels fears that the economic fears that Iraq may become a center for the bleaching of money.”
He explained that “the Office of Foreign Assets Control (OFAC) and the Central Bank (CBI) in its mission monitoring the process of money laundering and follow the seriousness of the foreign companies to operate in Iraq.”

The parliamentary Finance Committee has expressed its concerns that the use of Iraqi banks by international companies to launder money.

It is noted that according to statistics released by the Iraqi Ministry of Finance recently, there were 25 banks, civil strife and five state banks in Iraq, and most of those five banks is Mesopotamia, which has 190 branches in all provinces and abroad, except for the Kurdistan region, in addition to the Rasheed Bank, which has 150 branches inside and outside Iraq, except Kurdistan, along with the Land Bank, agricultural and industrial.

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