For the economy and investment committee: amendment of the law set the money smuggled limit of money laundering

Admin Tue Jul 30, 2013 9:25 am

Monday, July 29, 2013

A member of the Committee on Economy and Investment National Alliance MP Ibrahim stirrup, to approve the amendment of the law set the money smuggled in the House of Representatives will support the national economy and reduce money laundering operations.

He said stirrup (of the Agency news) on Monday: that members of the House of Representatives voted on the amendment of the law set the money smuggled, which is one of the important laws because it will control the sale of hard currency in the central bank auction and watching عليات the money transfer.

He added: This law will limit the phenomenon of money laundering which has spread a lot during the recent period by the presence of banks and companies are dealt with fake currency to convert to the outside, stressing that the continuation of this process will affect the balance of the financial Iraq of hard currency.

He continued: and therefore, the money smuggled Control Act will contribute to an effective contribution in the fight against money laundering and support the economic development of the country.

This is the House of Representatives has voted to amend the law set the money smuggled through its usual on Monday.

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Adjustment Act Amendment Act contraband and forbidden money circulating in the local markets (18) for the year 2008

Monday July 22, 2013

[ltr] Behalf of the people
Presidency of the Republic
Based on what passed the House of Representatives and approved by the President of the Republic and according to the provisions of paragraph (First) of Article (61) and item (iii) of Article (73) of the Constitution,
Issued the following law:

No. () for the year 2013

Law

Amendment of the law set the money smuggled and forbidden traded

In the domestic market (18) for the year 2008

Article - 1 - cancels the text of the item (First) of Article (6) of the Act and is replaced by the following:

Article - 6 - First -
The Ministry of Finance bonuses amounts disbursed in accordance with the provisions of Article (4) of this Act for materials that are destroyed from the Ministry of Commerce.

Article - 2 - This law shall be from the date of its publication in the Official Gazette.

The reasons
Given the absence of a bonus given to informants and people who detects the money smuggled and forbidden traded in local markets, granted in accordance with Article (5) of the Act set the money smuggled and forbidden traded in local markets (18) for the year 2008 in order to correct the error contained in the (item / I) Article (6) of the Act.

Initiated this law, [/ltr]

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