The role of the internal control system in the fight against money laundering application Sample of private banks in Iraq | ||
| Journal of Administration and Economics | ||
| Article 1, Volume 0, Issue 93, July 2018, Pages 1-25 | ||
| Authors | ||
| Oldest Ali Essam Mohammed Ali al-Yawar; A. D.Bushra Najm Abdullah al-Mashhadani | ||
| Abstract | ||
| In Iraq, the mechanisms to combat money laundering of legislation and laws as well as the regulations of the Central Bank in this regard is still young and there is a need to update these mechanisms and the development of legislation through the use of the experience of other countries, and adherence to the conventions and international blocs on combating money laundering, and include mechanisms to combat the laundering operations money and continuous updating of legislation after taking them to international standards adopted. This research aims to the statement of the concept of the phenomenon of money laundering and the stages and methods and standards that govern it, and to assess the extent to which private banks in Iraq following the instructions issued by the Central Bank of Iraq and the recommendations of the FATF and the decisions of the Basel Committee, and to prepare the measures proposed for the internal control system to reduce the phenomenon of money laundering in the commercial banks in Iraq. | ||
| Keywords | ||
| Axis Accounting | ||
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