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Steps in the fight against money-laundering


yota691
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Release date: 2018/2/15 11:40 • 182 times read
The freezing of terrorist funds comes into force in Iraq
[Ayna-Baghdad] 
The official newspaper of Iraq published the decision of the House of Representatives approved by the Presidency of the Republic to freeze the funds of terrorists, which makes it come into force.
A statement by the Ministry of Justice received the agency of all Iraq [where] a copy of it that "the new issue of the Iraqi fact sheet issued by [4479] and included the decision to freeze the funds of terrorists No. 1 of 2018, and a number of presidential decrees in addition to the instructions to implement the work in the manner of Secretariat No. 1 of 2018, and the establishment of the General Company for Air Navigation Services. " 
"The new number included a decision to freeze the funds of terrorists No. 1 of 2018, and included a series of special presidential decrees to refer a number of ambassadors to retirement," the statement quoted the director general of the Iraqi Affairs Department, Shatha Abdul Malik, as saying. 
"The new number also included instructions to implement the implementation of the implementation of the Secretariat No. 1 of 2018 and a special statement on the establishment of the General Company for Air Navigation Services."
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Iraq begins implementation of the decision to freeze funds "terrorists"

Feb 15, 2018

 

 

Archive photoArchive photo

Iraq: The Iraqi government began on Thursday to implement a resolution passed by the parliament earlier this year to freeze the funds of "terrorists", according to a statement issued by the Department of Justice of the Ministry of Justice.

"The decision to freeze terrorist funds, issued by Parliament No. 1 of 2018, was published Thursday in Al-Oqayel newspaper (a site dedicated to the publication of laws and decisions approved by the presidency and due to be enforced)," said Shatha Abdul Malik, director general of the department.

It is noteworthy that the Central Bank was the exclusive authority to freeze funds listed in the Iraqi terrorism, in accordance with the law on combating money laundering and the financing of terrorism.

Since the US invasion in 2003, several terrorist groups have emerged, the most recent of which was the organization of the State, which took over a third of the country's territory in 2014.

Government forces backed an international coalition led by Washington to free those areas last year, with elements and cells of the organization continuing to carry out terrorist operations from time to time.

On the other hand, some parties accuse the Iraqi government of arbitrariness in accusing terrorism of supporting or supporting a number of people and opponents of its policies.

(Anatolia)

 

 

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Exceptionally good article! Published Law, No Terrorist Funding, I.e., seized future funding,. This Law just might reduce corruption, as a side benefit! The type of watchdog system Iraq has needed for quite some time. Iraq has back Gold (Huge Oil Reserves), 137 Trillion cubic feet of natural Gas for liquid petroleum processing, South of Baghdad easily accessible near surface appears to be largest known deposit of Gold Gold mining ore deposit, thus also whistle gold, copper, platinum. Garden of Eden, origin of Babylon! Anyone can say as they wish, but Dinar less than 1/10 the penny. I don't see that remaining a currency exchange rate for much longer. This new law will implicate corruption officials in terriorist funding in any future transactions where big money is transferred. This law screws corruption officials also. Thanks Yota! I like!

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To freeze the funds of the terrorists based on the resolution passed by the parliament and published the facts

index60.jpe

 

 

BAGHDAD - The Ministry of Justice's Department of Justice announced the start of "the decision to freeze terrorist funds, issued by Parliament No. 1 of 2018, which was published Thursday, in the fact sheet, a site dedicated to the publication of laws and decisions ratified by The presidency and the application ".

"The Central Bank was the only body authorized to freeze funds listed in the Iraqi terrorism lists, according to the AML / CFT law." Ending

 
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The freezing of terrorist funds

17/2/2018 12:00 am 

 

Baghdad / Al-Sabah 

The government began on Thursday the implementation of the decision to freeze the terrorist funds issued by the parliament earlier and ratified by the presidency, according to a statement of the Department of the Official Gazette of the Ministry of Justice. 


The Director General of the Department, Shatha Abdul Malik: "The decision to freeze the funds of terrorists, issued by the Parliament No. 1 of 2018, published Thursday in the new issue of the newspaper number 4479," and explained that "the number included a series of special decrees for the transfer of a number of ambassadors In addition to the instructions to implement the work in the manner of Secretariat No. 1 of 2018, and the statement of establishment of the General Company for Navigation Services Air ".

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  • yota691 changed the title to Steps in the fight against money-laundering

Steps in the fight against money-laundering

   
 

 
 


12/6/2018 12:00 am 

Dr. Basem Ibrahimi

Money laundering is one of the most dangerous financial crimes being taken by gangs 

the organization. 
It means the process of re-entering the money obtained by means of criminal offenses against the law and legislation (dirty roads) to the economy again on the basis that it is clean money after being passed through a number of channels, including banks, especially in countries that  
do not restrict the transfer of money from And to its economy. 
The Iraqi economy has suffered during the past years from this phenomenon, especially as it was sometimes associated with the terrorist acts that hit the joints of the country and the economy in particular. The AML which was created in accordance with this Act shall take measures that would eliminate this 
phenomenon.
The fight against money laundering and terrorist financing has become international, and international efforts have been increasing. The lists of persons and entities accused of such crimes have been issued by entities such as the United Nations (enforceable), the European Union and the Office of Foreign Assets Monitoring Whose lists are non-binding, but the non-application threatens the political and economic interests of the country, which refuses to cooperate in the application of those  
lists. 
Iraq has developed in recent years the measures and policies taken in the fight against money laundering and terrorism financing and is following the updates issued in the international lists to take action against individuals and entities listed on those lists.
In this context, Iraq has established a committee called the Committee for the freezing of terrorist funds in accordance with international standards and its commitment to fight the financing of terrorism and has issued several important decisions which are calculated for this 
national committee  
That the important steps taken in this context will be reflected positively on the overall international relations of Iraq, especially in the economic aspect as the economy is affected greatly by the results of the measures taken and their role in achieving the conditions of confidence and stability, which are one of the most important foundations for the stage of construction and growth that Iraq aspires in the new phase.

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