Union of Arab Banks: No whitening operations in Iraqi banks

Author: MJM
Editor: AT, BS
01/24/2016 18:26



Long-Presse / Baghdad

He denied the Union of Arab Banks, on Sunday, the existence of money laundering operations in Iraqi banks, as pointed out that the US Treasury Department shall impose "tough sanctions" against banks that rely so financial operations.

The Secretary-General of the Union of Arab Banks, Wissam Fattouh, during a press conference held today, Iraqi banks association with the Union of Arab Banks for the signing of a joint cooperation agreement in the Babylon Hotel in central Baghdad, and attended (range Press), that "there are no any process of money laundering in banks Iraq nor in the Arab world. "

He said Fattouh, that "the US Treasury Department unforgiving Baqhobadtha Should any doubt the existence of money laundering operations in any bank", adding that "the Treasury Department sued the largest French bank a year ago, in spite of the existence of good relations between Washington and Paris."

He noted the Secretary-General of the Union of Arab Banks that "the US Treasury did not record any sanctions on the Arab banks with the exception of two banks, one in Lebanon."

The media and political parties, deliberated, during the past few days, the presence of money bleaching operations in a number of Arab banks, including the Iraqi banks.


http://www.almadapress.com/ar/news/63559/أتحاد-المصارف-العربية-لا-توجد-عمليا