Central Bank of Iraq Takes Strict Measures on Fears that Iraq May Become the Center of Money Laundering ...

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Tuesday 6/12/2011

Central Bank of Iraq, on Monday, it was Amajaov of money laundering within the Iraqi private banks and government.

The deputy governor of Central Bank of Iraq the appearance of Mohammed Saleh in a press statement that "money entering Iraq from international companies are to examine the anti-money laundering World" .

"The Iraqi Central Bank monitors the incoming money through the international companies that work on the implementation of investment projects in the country and check in the official documents which dispels fears that the economic fears that Iraq may become the center of Money Laundering." He explained that "the Office of the control and foreign assets in the Central Bank mission monitoring the process of money laundering and follow the seriousness of the foreign companies to operate in Iraq."

The Finance Committee representative had expressed fears that the use of Iraqi banks by international companies for money laundering.

It is noted that according to statistics published by the Iraqi Ministry of Finance recently, there are 25 banks civil strife and five state banks in Iraq, and most of those five banks is Mesopotamia, which has 190 branches in all provinces and abroad, except for the Kurdistan region, in addition to the Rasheed Bank, which has 150 branches inside and outside Iraq, except Kurdistan Region , along with the Land Bank, agricultural and industrial.

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