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The Judicial Development Institute organizes a seminar on money laundering crimes and their impact on the national economy

The Judicial Development Institute organizes a seminar on money laundering crimes and their impact on the national economy

Al- Rusafa Investigation Court, which is concerned with issues of integrity, money laundering and economic crime, displays statistics of its work regarding the referred cases. 

2021-01-21 09:50:00

Baghdad / Judiciary Media

On Monday 18/1/ 2021, the Judicial Development Institute organized a seminar entitled (Money laundering crimes and their impact on the national economy) in which the first judge of the Rusafa investigation court specialized in issues of integrity, money laundering and economic crime, Mr. Iyad Mohsen Damad, was attended by a number of economic and legal experts University professors, media figures and journalists.
Four axes were reviewed in the seminar, including the role of the judiciary in implementing Iraq's international obligations, and talking about the formation of money laundering investigation court and its procedures in examining cases and examples of judgments issue. The Media Center correspondent for the Supreme Judicial Council stated 
The third axis dealt with the issue of media dealing with money laundering cases and its impact on investigation and trial procedures. As for the role of the judiciary in combating money laundering crime and removing Iraq from the list of high-risk countries, it was the fourth axis in it the reporter added
And through the seminar, "a judge of the Rusafa Investigation Court presented statistics of the court's work from 2017 to 2020, which amounted to 604 cases referred to the two misdemeanors and criminal courts."
He also revealed the total amounts of fines imposed on banks and other financial institutions from 2015 to 2020, which amounted to 535 billion Iraqi dinars related to bank violations, as well as his presentation of the value of confiscated and withheld money as a result of legal procedures in money laundering cases by the courts, which amounted to four billion Nine hundred and eighty-seven million eight hundred and twelve thousand two hundred and forty-two Iraqi dinars. "
The reporter concluded that "one of the most important outcomes of the seminar is to support the media in disseminating the role of the Supreme Judicial Council in combating money laundering and terrorist financing crimes and clarifying its role to recover Iraqi funds smuggled abroad.


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