Sunday, May 2, 2010
Integrity calls for tighter control over the banking companies
بغداد ـ عمر عبد اللطيف Baghdad, Omar Abdel-Latif
The president of the Integrity Commission judge Rahim Hassan Ugaili CBI to lack of interest in the Office of the money laundering of him and not to put a control mechanism for real and effective banking related companies
The Ugaili In a special statement (morning) that the central bank did not give the necessary attention and full care of the Office of laundering money of it has been since its inception in 2004 until now, adding that the office is suffering from a lack of support and dysfunctional role in the manner set and desired it.
The bank does not take control mechanism for real and effective, whereby the follow-up activities of companies, banking and foreign exchange, pointing out that there are thousands of such companies working in the field of foreign currency without leave, viewing it as reservoirs and caches of angles money laundering and the financing of terrorist operations and armed groups and transfer of funds resulting from the corruption abroad.
Ugaili called the Central Bank of the need to deal seriously with this issue through the development of methods of monitoring financial and accurate accounting of those bodies and to take strict measures and the adoption of specific controls for the work of companies, banking and the tightening of measures against companies that do not have the license to practice the profession, stressing that there are 400 companies only take a vacation that allows to engage in such activity and the rest work without leave is exacting a heavy toll of the country not only money but also their souls as he put it
