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Showing results for tags 'combating money laundering'.
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The judiciary investigates "major violations" in the foreign currency auction Thursday 24 December 2020 75 Baghdad: Muhammad Al-Ansari Markets in the capital Baghdad and the governorates are living in a state of turmoil and prices are rising days after the decision to raise the dollar exchange rate; On Wednesday, the Supreme Judicial Council issued a directive to all investigation courts to take legal measures against anyone who causes harm to the national economy. The Judicial Media stated in a statement that "the Supreme Judicial Council has directed a circular issued by all investigation courts to take legal measures against everyone who causes harm to the national economy, whether from foreign currency dealers or monopolistic traders of goods, food commodities and essential commodities that citizens need daily." The council requested «the Ministry of the Interior to instruct the competent police directorates to do so to conduct inspection tours to wholesale stores and places of sale of foreign currency to arrest those who violate the law. The judicial statement continued that “it is worth noting that the investigation court specialized in combating money laundering started several days ago conducting an investigation regarding the auction of selling foreign currency and the violations of some private banks of the law to participate in the auction of selling foreign currency, and the competent judge stated that (the investigation reached advanced stages) and revealed For illegal operations, fraud and fraud to participate in the auction of selling currency and smuggling foreign currency out of the country ». In addition, the reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, said: “His committee refuses to compromise the salaries of employees, because it represents a new burden on them,” indicating that “changing the exchange rate of the dinar is an indirect reduction of a person’s income, because changing the exchange rate of the dinar means reducing salaries indirectly. What will lead to inflation in the market due to high prices, and therefore the employee’s salary does not come with the same quantity of goods that he used to bring before the reduction.
