Economist to / NINA /: The emergence of large corruption files in economic sectors will negatively affect the banking sector

Saturday 19, September 2020 12:42
 
Baghdad / NINA / Economist Safwan Qusay stressed the importance of activating the role of the Central Bank of Iraq in monitoring banking agencies and calling for the establishment of a financial intelligence wing in these banks and banking companies to reduce money smuggling and laundering.

Qusay said in a statement to the Iraqi National News Agency / NINA / that: The emergence of large corruption files in various economic sectors will certainly negatively affect some of the public and private banks and some banking companies, which the corrupt could use to launder these funds and smuggle them out of Iraq. Therefore, it is necessary to activate the role of the Central Bank of Iraq in monitoring those bodies and calling for the establishment of a financial intelligence wing in those banks and banking companies to limit money smuggling and laundering. "

He added: It is also necessary to activate a law from where did you get this? And to increase the role of the Federal Office of Financial Supervision and its coherence with the integrity system and track the movement of funds, whether inside or outside banks, which are transferred without knowing the gender of the money and its confiscation, which made it easier for the corrupt to move this money and smuggle it without arresting its owners . "

He called the economic expert: the government of Prime Minister Kazmi to increase the level of transparency about the money that hovers around the suspicions and the value of money recovered as an input to collect the largest amount of information about those mafias that have already been launched by the Prime Minister the term Ghost."

He pointed out: The efforts made for the sake of Iraq will succeed in confronting any mafias, whether internal or external, and that these efforts will constitute another resource to fill the actual deficit in the federal budget for the year 2020 and the coming years.

https://ninanews.com/Website/News/Details?key=857431