The crime of money laundering in the insurance sector and ways of combating it in Iraqi and UAE law

Abstract

Recently witnessed a growing interest by governments, international organizations and relevant international institutions to address the phenomenon of money laundering in various financial sectorsAnd found among these countries of Iraq and the United Arab Emirates has paid attention to the prevention of money laundering crime in the insurance sector and has embarked on his own laws to determine how they are under combat this crime This was important to highlight this confrontation legislative and demonstrate their advantage, then I tried to draw the attention of the most important recommendations to the legislature by which they can avoid the effects of this criminal activity in the insurance sector In particular, given the importance of this activity in the states, one of the main recommendations as follows:- The introduction of new technologies that are used in the detection of money laundering offenses.Establishment of a central departments shall study the crimes of money laundering and follow its development in all aspects of judicial and statistical, financial and update the database Palmhbohen money-laundering offenses on an ongoing basis, and to benefit from the experience of developed countries in this regard.