Baghdad -INA
The head of the Federal Integrity Commission, Mohammed Ali al-Lami, and the Governor of the Central Bank, Nizar Nasser Hussein, agreed on Thursday to cut off channels for money smuggling.
A statement issued by the Commission and received by the Iraqi News Agency (INA) indicated that "the head of the Federal Integrity Commission, Mohammed Ali al-Lami, emphasized during his meeting with the Governor of the Central Bank, Nizar Nasser Hussein, the importance of adopting parallel financial investigations as an effective tool in tracking the proceeds of corruption crimes and uncovering their pathways."
The statement added that "al-Lami also discussed with the Governor of the Central Bank ways to enhance cooperation and coordination between the two sides, in order to support national efforts aimed at protecting the financial system, consolidating the principles of transparency and integrity, and mutual support in implementing measures to reduce corruption, money laundering, and financial violations."
Al-Lami stressed "the necessity of tightening oversight and controlling the channels through which money is smuggled, in order to protect public funds and enhance integrity, through the integrated efforts of the relevant institutions."
For his part, the Governor of the Central Bank, Nizar Nasser, affirmed "the importance of strengthening cooperation with oversight bodies, given its impact on protecting public funds, reducing corruption and financial violations, enhancing confidence in the financial system, and establishing standards of transparency and integrity in line with best institutional practices."
