Disclosure of a new way to smuggle hard currency abroad
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Disclosure of a new way to smuggle hard currency abroad
by GirlBye Wed Dec 02, 2020 1:59 pm
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
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Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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