The phenomenon of money laundering and its impact on the Iraqi economy | ||
| Al Kut Journal of Economics Administrative Sciences | ||
| Article 1, Volume 0, Issue 14, April 2018, Pages 5-40 | ||
| Author | ||
| prof.Adeb Qasim Shandy and Mostafa Rashed Ali | ||
| Abstract | ||
| Abstract The phenomenon of money laundering of the most serious crimes of the modern era , which suffer from many countries of the world , has become flesh necrosis Economic and Social Council for many countries , and plans cripple the economic and social development . The money laundering is a criminal activity which conflicts converged politicians and holders of state funds and decision-makers , which have an impact on aspects of intellectual , economic, political and moral . ـــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ (*) جزء مستل من رسالة ماجستير للباحث الثاني . The phenomenon of money laundering in Iraq , emerged after the U.S. occupation of Iraq in 2003 , due to the absence of law and institutions , and rotate the Iraqi economy and its integration with external markets , and the expansion and growth of financial and administrative corruption , kidnappings and extortion , forgery and currency smuggling and fraud, speculation and tax evasion ... etc. . These factors led to the growth of the size of the hidden economy and money laundering operations in Iraq , and corruption is the incubator and a suitable environment for the growth of money laundering in Iraq , which went to the financing of terrorism and hit the institutional machinery of the State , as ranked international organizations Iraq from countries with the first level of corruption in the world. The money laundering operations in Iraq , has become Ttgr the heart of monetary policy through the entry money launderers and smugglers to auction foreign currency to the Central Bank , and the smuggling of funds out of Iraq , through brokers and dealers linked to ocean levels, which reflected on the economic level and on the exchange of foreign currency , and the devaluation Iraqi dinar . | ||
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