Baghdad will host an international conference to combat money laundering Saturday

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Baghdad will host an international conference to combat money laundering Saturday

Post  Admin on Tue Nov 29, 2016 9:30 am

Author: ASJ, HH
Editor: BK, HH
29/11/2016 13:30

Long-Presse / Baghdad

Announced the Association of Iraqi banks, on Tuesday, for the establishment of the Conference means to combat money laundering and terrorist financing in Baghdad, on Saturday next week, with the participation of Iraqi and international stakeholders, and with specialists predicted that the conference contributes to reveal a lot of specific issues such suspicious transactions and actors involved with, an enemy that Iraq was "not suffering" of money laundering but "theft of public money or smuggled, stressing the importance of such events.

The executive director of the Association of Banks Ali Tariq, said in an interview to the (long-Presse), said that "Baghdad will host next Saturday approved (third from December 2016), compliance and anti-money laundering and terrorist financing conference," noting that "the conference will be held with the participation of official bodies concerned as well as international organizations and personalities specialized. "

He said Tariq, that "the association is working around an intensive preparation for the conference because of its importance for Iraq and the world to reduce this phenomenon pariah," adding, "The conference will discuss important topics such as the role of the Iraqi official authorities and international organizations in the fight against money laundering."

In turn predicted the financial expert Faisal Dear Mashhadani, in an interview to the (long-Presse), that "the conference will contribute to expose a lot of the special operations of the funds and those laundering or countries involved issues, as well as expose the twisted ways in which some parties and individuals in this regard," calling on the government Central Bank representatives anti-money laundering Office to "take an active role in reducing this scourge plaguing Iraq and distort the reputation globally."

For his part, the academic said, and member of the Economic Reform Institute, Rashid Muhanna, said in an interview to the (long-Presse), said that "Iraq was not in money laundering operations, but smuggled," attributing it to "money laundering operations conducted through tools do not exist in Iraq, but is found they are very few, such as the trade of drugs, weapons or white slavery and other types of illegal trade. "

He said Mehanna, that "Iraq is suffering from stealing public money or smuggling money," returned to "the establishment of events and conferences concerned with money laundering operations useful to Iraq to cope with such challenges in the future."

The House of Representatives voted during its meeting for 23 of the first legislative term of the second legislative year , which was held on Wednesday, (September 16 2015), the draft anti - money laundering and terrorism financing law.


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