Deputy: compel traders to deal with solid banks to prevent money laundering

by **Ponee** Wed Jun 13, 2012 12:33 pm

Wednesday 13/06/2012 10:53

Baghdad (news) .. The Deputy Chairman of the Finance Committee MP / Kurdish coalition blocs / Ahmed Hassan Faizullah, to compel the Iraqi trader to dealing with international banks in the sober foreign money transfers set aside the national economy, money laundering and the smuggling of currency.

The flood of God (the Agency news) on Wednesday: The money laundering and the smuggling of foreign currency that have appeared recently came through the deal the Iraqi traders with banks is internationally known and sober what led to the transfer large sums of money abroad without the receipt of goods.

He added that the only solution to maintain the value of Iraqi dinar against the dollar is forcing the Iraqi trader to dealing with international banks sober to avoid a currency smuggling and money laundering of Iraq, through the issuance of instructions by the central bank adhere to them.

He stressed: that the seventh item does not prevent Iraq from dealing with international banks in the conversion processes of Foreign Affairs, noting that international banks are looking for profit and not considering that the country you are dealing with is subject to Chapter VII internationalist or not. / Finished

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