Thursday, October 4, 2012

JD gets breaches of the central bank on the sale of dollar

 10/02/2012
JD gets breaches of the Central Bank on the sale of dollar
Baghdad / Nazik Mohammed / .. revealed the parliamentary Finance Committee of the highlights of the evaluation report Parliamentary for buying and selling of the dollar by the central bank.
A member of the Committee deputy state law Haitham al-Jubouri's / JD /: "The Ad Hoc Committee to assess the central bank completed its work and wrote her a final," adding that "the report confirmed the existence of breaches scandalous to score very high in the bank."
The Jubouri "that the Commission took a sample of (91) purchase invoice was submitted to the authorities (Department of the Inspector General in the Ministry of Finance, Tax Authority, and the Department of Customs) was to find that the bill is only one of these bills real introduced materials, and (90) bill did not intervention materials. "
He also added, "has been taking a sample of the total purchase invoices almost Bmiliran and (289) million and found only (22) thousand dollars worth of purchases the truth, I mean I received 98 (10) thousand, or nearly one thousand."
Jubouri explained that "these violations are administrative, and there are bills disbursed and is signed by the auction committee."
Jubouri accused senior-level figures within the central bank involvement in these violations and purchase invoices.
He suggested that the report will reveal in a single day will not include the names of any political figures or was responsible at the central bank.
Jubouri noted that the Commission is working on writing recommendations will be completed within one Yumen and submitted to the House of Representatives.
He pointed out that the Commission will send a copy of the report to the Integrity Commission and the other to the Central Bank for the purpose of the work of an administrative investigation within the central bank.
And continued a member of the Finance Committee deputy state law Regarding the names that we have heard of involvement with money laundering did not find documents and evidence and archives fact that prove their involvement, noting but just talk only raised around them during the investigation but not conclusive evidence, not to mention any names unless we have the evidence .
The Committee stressed the financial earlier intention to host the Minister of Finance, Planning and Trade, Health and the central bank governor to control the entry of goods randomized to Iraq, revealing the existence of mafias control of the currency auction earns everyone of them about $ 5 million.
Said a member of the Finance Committee and MP for the Liberal bloc Magda Tamimi in a written statement received / JD / copy of its host, Director General Anti-Money Laundering Office in the Central Bank and General Manager of the auction currency Hazem al-Ani and Qais inside ".
It confirmed that the Finance Committee discuss several key themes and the most important subject of the mafia controlling the currency auction everyone who earns them about $ 5 million a day were also discussed measures taken to curb money laundering. "
She noted that banks share the daily currency auction mechanism used in determining these quotas are very weak. "
And demanded "hosted by the Minister of Trade and planning, finance, health and the central bank governor to discuss the coordination mechanism between the entities referred to to control the entry of goods into Iraq as showing that there is an imbalance of a very large import random that have a significant impact on the Iraqi state."
The House of Representatives has revealed about his conception of the documents and recordings of well-known politicians likely involved money laundering and deposited in the banks of some of Iraq's neighboring countries.
The Finance Committee held in the Iraqi parliament held a press conference some time ago, made the involvement of (5-6) political figures with money laundering.
A member of the Finance Committee parliamentary deputy state law Haitham al-Jubouri / JD /: The committee concluded documents and recordings of a number of politicians accused of money laundering and deposited in banks neighboring Albuldna ".
Jubouri said that "politicians involved money laundering operations have deposited large sums of money in the banks of the UAE, Jordan and Lebanon."
He believed not familiar with the central bank governor these breaches and mafia money laundering completed in collaboration with networks within the bank.
Jubouri revealed "for the formation of a committee of parliament soon, based on Article 103 II of the Iraqi Constitution, to uncover the truth of the names involved money laundering, Mtdarka: But there are still some doubts, you should make sure the archives and detailed information.
He suggested a member of the Finance Committee to parking big heads behind these mafias.
The parliamentary economic committee had warned a few months ago to exploit currency auction carried out by the central bank for bad purposes.
Committee Chairman Ahmed al-Alwani's / JD / "economic committee to follow up and monitor the work of the Central Bank and will intervene in the timeline and solve problems."
The student-Alwani "the central bank new procedures regarding the identification of bodies that deal in dollars and reduce speculative market," calling for "a mechanism and conditions make deals with the dollar are views sober and recognized by the state as if they are well-known companies are not names and fake exploit the current situation of things are not in the interest of the country. "
He pointed out that "monetary and fiscal policy in Iraq need to re-implement the regulation especially as a country in transition."
It is noteworthy that Iraqi law required financial institutions in the country, including banks, to implement what determined the central bank and what is the decision of the legal rules, and to inform the financial activities suspicious, including money laundering, and Orteuraleghanon severe punishments for these financial institutions punishment withdraw permission (to cancel the license) financial institutions and penal sanctions and financial penalties, and this is clear from three legislation related to this subject is Law No. 56 of 2004 the Central Bank Law, Law No. 93 of 2004 the law against money laundering, and Law No. 94 of 2004 Banking Act.
The central bank is an independent body, founded in 1947 by a Royal Decree and was formerly called the National Bank of Iraq, currently headed by Sinan Shabibi. / End / 11 N /