Parliamentary economy calls for the government to send illegal Central Bank and the banks for approval

Author: Publisher on: July 5, 2015

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - Commission asked for the economy and investment representative, on Sunday, the General Secretariat of the Council of Ministers to send legal central bank and government banks for the purpose of the draft amended and ratified them by the House of Representatives.

He said committee member Najiba Najib's (IMN) that "most of the laws that are working on the House of Representatives during its current projects and the laws of economic nature and investment," pointing out that "the Commission asked the government to send legal central bank and government banks for the purpose of amended and its approval."

She pointed out that "banks in Iraq will work in accordance with the package of laws in the coming period to improve its performance and its work and promote the economic reality of the country."

The Council of Ministers approved days draft anti-money laundering and terrorism financing law before, submitted by the Central Bank of Iraq, said the economic advisor to the Prime Minister the appearance of Mohammed Saleh, said that there is a law in force until approved by the Coalition Provisional Authority in the era of the civil governor Paul Bremer, but lacks the financial developments, the world has seen in the field of combating money laundering crimes.

Saleh and as money laundering around the world that ranges between three to five percent of gross domestic product and that "Iraq is close to this figure as well," he said, adding that the law would give a guarantee and sedate Iraqi banks and financial situation in the country.


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