Al-Fariji to Nina: Iraq is one of the most dangerous countries in the process of laundering and smuggling money in the world

Wednesday 30, December 2020 10:33
 
Baghdad / NINA / The specialist in economic affairs, Ali Jabbar Al-Freiji, confirmed that Iraq is one of the most dangerous countries in the process of laundering and smuggling money in the world.

Al-Freiji said in a statement to the Iraqi National News Agency / NINA / that: In May 2020, the European Union re-placed Iraq on the list of high-risk countries in money laundering and terrorist financing, although the Union in 2018 removed Iraq from its blacklist despite its first place in Basel Index report for the year 2017 as the most dangerous country in the field of money laundering, but the Iraqi governments failed to take advantage of this opportunity to improve the country's image, and went in directions worse than before.

He added: Estimates indicate more than 300-500 billion dollars were wasted and manipulated through channels used to smuggle, launder and steal money, including - still, smuggling of oil programmed under state control is still more than 350 thousand barrels per day, equivalent to 10% of total oil exports, drug trafficking. Border outlets, including outlets in northern Iraq that are not controlled and whose losses (thefts) are estimated at the equivalent of 7-11 billion dollars annually, financial allocations for fictitious projects. ”

He pointed out that: More than 2000 offices and financial institutions work in what is called selling currency and money transfers Over the past years, the corrupt gates were involved in smuggling and money laundering. "

He continued, "Estimates of money smuggled from Iraq exceeded corruption and theft of the largest number recorded in modern history, which happened in South Africa in 1986, which was $ 167 billion. / End 8

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