COMPETENT ADMINISTRATIVE AUTHORITIES IN COMBATING MONEY LAUNDERING

Abstract

The Iraqi legislature and the most of the national and international legislation have criminalized money laundering operations by granting the Competent administrative authorities represented by: The Central Bank of Iraq, The Federal Integrity Commission, and the Federal Financial Supervision Bureau, a fundamental and active role in Controlling & auditing, inspecting and investigating the Financial and banking system, by setting strict regulatory legal rules that regulate the work of the entities Subject of Supervision under the Law Central Bank of Iraq in force .