February 9, 2010Economic: money laundering
حسين النجم Hussein star
Every now and then hear the Government's actions to curb money laundering in Iraq through the policies pursued by the central bank to combat this damaging the Iraqi economy, especially as it had become a clear political goals.
And money laundering is a criminal activity subsequent to the activity of collecting money illegally, and fear of accountability for the source of funds was necessary to legitimize this money to make it easier to deal with it without doubts and to give legal evidence on the previous criminal acts, the recycling of funds resulting from illegal actions in the areas and channels of investment legitimacy to disguise the true source of these funds and it looks like they have been generated from a legitimate source, and examples of such unlawful acts (funds from the drug trade - slave - sex - Weapons), and highlighted the implications of this phenomenon, economically, cuts in national income and bleeding of the national economy for the benefit of overseas economies first, and increase domestic liquidity is not commensurate with the increase in the production of goods and services,
Secondly, evading the payment of direct taxes, and then suffering from a lack of state treasury general revenues for the overall public expenditure
Third, buy off police, judges and politicians, leading to the weakness of statehood and the risk of spread of organized crime groups.
Nutshell, is the search for an answer to the question of false-known (from where you get this?) IV.
As for the stages of the process of money laundering, first stage, called the cleaning phase,
Where is the investment of funds derived from drug trafficking in deposits or purchases raw by some principled methods common among drug traffickers, such as bank deposits to a bank or bank guarantees to buy units in cash and converted into cash at the place of another, or to buy coins for gambling symbolic and disbursed after a while dividends or buy jewelry, cars, real estate or any valuable accessories and sell them later, or to purchase a financial institution or commercial use as a channel for cash flow, either the second stage, bones, phase Altrgid or freezer, where it is at this stage, fragmentation of funds through electronic transfers multiple local and global, or by abuse of an automatic conversion system to convert or move funds from one account to another, or profit accounts either for use in a later time or transferred to foreign accounts, whereas the third phase, a phase of consolidation where the money disappear in foreign accounts and interfaces of the legitimacy or under the guise of a business my pictures look like obtained from legitimate businesses.
And countries around the world all the time being to attract foreign investment and encourage domestic investment to resettle in today's Iraq, and expanding its investment, including both developed and underdeveloped countries alike, or what became known as the States of North and South, and this quest by States in order to attract investments to the economy needs a stable and transparent manner which can not be achieved in a country facing money laundering or suspected to be a center for organized criminal activity which could lead to the expulsion of investments, let alone brought in, which makes all countries at the present time working on the show free from any type of money laundering because the capital is a coward, as they say, and through a review of the risks posed by money laundering to the world, so must take stern measures against those trading the money wheel and pushed the Iraqi economy to attract foreign investment and create an environment for it and work to provide ways for the success of resettlement investment, because if we succeed in this step, it is poised to move Iraq to be the heart of the investments in the Middle East.
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