Disclosure of a new way to smuggle hard currency abroad
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Disclosure of a new way to smuggle hard currency abroad

The former member of the Supreme Council against Said Yassin Musa confirmed, on Wednesday, the existence of fake companies in Iraq that practice money laundering and receive contract money, then cancel themselves and flee abroad.
"The fictitious companies file was opened in 2015, and it is assumed that these companies are registered and pay taxes and fees in addition to social security for workers," Moussa said in a televised interview with Digital Media NRT.
He added, "These fictitious companies acquire a set of contracts and then cancel themselves after taking a certain portion of the money and flee outside Iraq."
He added, "There must be oversight by the Ministry of Trade, but there is weakness in oversight and performance and the lack of coordination between the ministry and customs." He explained, "Fictitious companies practice money laundering and harm the Iraqi economy by taking hard currency out of Iraq."
He continued, "Some of them have political influence that helps them by exempting them from taxes, and we need a revolution in the administrative and legal aspects to end the shell companies."
The representative of the National Approach bloc, Hussein Al-Uqabi, confirmed, last March, that fake companies steal Iraqi money without control, indicating that these companies give imaginary profits, sometimes reaching 80%.
https://iraqakhbar.com/2785732
GirlBye- VIP NewsHound
- Posts : 1481
Join date : 2018-07-09
Location : So Cal
claud39 likes this post

» IMIS terrorists smuggle Kirkuk oil under gov't nose
» Iraq foils attempt to smuggle "big" oil derivatives
» State of Law: Political parties smuggle 25,000 barrels of oil per day from Basra
» A report reveals an Iranian ploy to mix its oil with Iraq to avoid US sanctions
» Parliamentary Agriculture: 20 informal crossings to smuggle products and hit the economy
» Iraq foils attempt to smuggle "big" oil derivatives
» State of Law: Political parties smuggle 25,000 barrels of oil per day from Basra
» A report reveals an Iranian ploy to mix its oil with Iraq to avoid US sanctions
» Parliamentary Agriculture: 20 informal crossings to smuggle products and hit the economy
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» The plot whispers that set Iraq's crisis on fire
» Despite public anger, no progress in Iraq political deadlock-Report
» USD/IQD rate closes slightly lower in Baghdad
» US diplomat commends CBI's successful monetary policies
» Finance Committee: The year 2023 will proceed according to the 12/1 exchange rule if the current situation continues
» The Central Bank: The cash reserve rose to 82 billion dollars
» Why is the central bank and our national economy targeted?
» The central bank and the banking sector, the main financing and investment ring that supported the economy and protected it from collapse
» Economic dynamism and the positioning of economic state building in Iraq
» Washington: The success of the policy of the Central Bank of Iraq was manifested in the indicators of cash and gold reserves
» The central bank denies granting sums of money to citizens
» Mazhar Muhammad Salih: Public finances are in trouble!
» Al-Kazemi: How can the state operate in the absence of a budget?
» Fitch announces the credit rating of Iraqi Islamic banks
» Parliamentary Finance: Write a paragraph to cancel payroll deductions in the budget
» After an agreement to invest $27 billion in energy, France's Total withdraws from Iraq
» WHY IS ANYONE SPEAKING ABOUT THE MASTER'S TRUST WHEN IT IS A SCAM!?!?!?!
» CBI sold +1.3$ billion in forex last week
» Iraq paralysed by government stand-off as Moqtada al-Sadr unleashes protest
» Introducing myself...
» Nearly two years after launching the White Paper, what are the achievements?
» USD/IQD rate closes slightly lower in Baghdad
» CBI sells +240$ million in forex on Sunday
» Iraq without a budget for 2022
» Al-Nusairi: The Central Bank’s initiatives to revitalize the economy amounted to 18 trillion dinars and achieved their goals
» A new talk from Al-Kazemi's advisor regarding the budget
» The assets of the International Development Bank rise to 1.5 trillion dinars
» CBI sells +260$ million in forex on Sunday
» New member
» USD/IQD exchange rates inch up in Baghdad on Saturday
» The Central Bank: We supported the economic sector with 18 trillion dinars
» The Central Bank sets the goal of its call to establish a sovereign fund
» Al-Maliki's leaks: a political boom looms over the Iraqi arena
» The Central Bank of Kuwait allows applications to establish digital banks
» Including Iraq ... the price of bitcoin in Arab currencies
» Adelaide, South Australia Redemption?
» Countdown to US implosion begins after failure of Biden Mid-East trip
» What distractions are in "The Dinar RV"...How many wild goose chases did you fall for?
» After slashing four zeros, Iran releases new banknotes