View Full Version : World Bank gives Iraq two months to approve the anti-money laundering law

07-27-2015, 10:27 PM
World Bank gives Iraq two months to approve the anti-money laundering law

27/07/2015 13:46

BAGHDAD / WAP / detection for economic and investment commission parliamentary member Ahmed Kanani, Monday, for the granting of the World Bank (http://www.ebay.com/sch/i.html?_nkw=world+bank) and international financial institutions Other, Iraq until next October as the date for the adoption of anti-money laundering law.

He warned in a press statement Kanani News Agency Baghdad International / WAP / received a copy of it, "the consequences of the delay in the House of Representatives to pass anti-money laundering and terrorism financing law, which did not receive attention of the Presidium of the parliament."

"The parliament has not yet paid the required importance to this vital law, which depends upon the continuation of economically connect Iraq with the outer perimeter and the focus of the Chamber of Deputies on the minor issues."

He added that "Iraq would be included in the black list countries in handling the financial and economic transformation not unlike the enactment of this law, the measure would eliminate the purchasing power of the Iraqi dinar and put the Iraqi Central Bank in an awkward predicament makes him isolated from the world organization."

And between Kanani said that "the time limit was only about two months and left them on the head of the House of Representatives that the law be included on the agenda for the nearest session, but will be responsible for the punitive economic measures that the world has to be taken against Iraq" .