Deputy Chairman of the Finance Committee: there is a new law against money-laundering in the House

September 14th, 2012 12:40 pm

Baghdad (News) … Called the Finance Committee Coalition Deputy from//the Kurdish blocs Ahmed Faizullah, the need to speed up the enactment of a special law to combat money laundering as a phenomenon of dangerous for national economy and spread out a lot lately, incorrect reports that a new law against money-laundering in the House.

He said Faizullah (News Agency news) on Friday that the money-laundering phenomenon that spread a lot lately is a crime against the people and the perpetrator should be punished because they are smuggling the country’s resources.

He added: there must be a real pause by deputies and Ministers to fight who Iraqi money laundering operation to prevent the phenomenon of money laundering through a new law legislation by House committees (economic and financial) to the House of representatives to vote on it because it is one of the important laws to keep public money.

And a new law: none to combat money laundering in the House but there are proposals submitted by some MPs to combat this phenomenon, noting that reports that a law will be voted on during the forthcoming meetings of the proclamation.

The parliamentary Finance Committee said earlier the Central Bank freeze Act money laundering came under the pretext of interception of Bank on some of its paragraphs. Stating that “the Central Bank argues that there are reviews of the Bank on the paragraphs of the money laundering Act so the Central Bank took a decision to freeze the action.

The Committee added that “an international organization gave a negative report on the actions of the Central Bank, indicated the existence of cases of money laundering”, calling for “activation code laundering frozen by the Bank for years,”


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