Samson: Al-Tamimi sets the legal path for returning the smuggled money to the state treasury
19:30 – 21/11/2020
The legal expert, Ali Al-Tamimi, determined, on Saturday, the legal path for returning the money smuggled outside the country to the state treasury.
Al-Tamimi said in a statement to “the information”, that “the money smuggled outside Iraq, which is estimated at 500 billion dollars, can be returned through the money laundering agreement for the year 2005 and signed by Iraq in 2007 with the help of these countries, as well as using the American strategic agreement, which came among its provisions in Article 28: Return of the smuggled money.
He added that “there is an amount of 65 billion dollars in the US Federal Reserve frozen by the former regime, which Iraq can claim in accordance with the above agreement for the year 2008,” indicating that “Britain has shown willingness to assist Iraq.” return that money.”
A member of the Parliament’s Integrity Committee, Alia Nassif, confirmed that there is a need for government action to retrieve the frozen and smuggled money outside Iraq, explaining in a press briefing that her committee does not have accurate statistics of the value of smuggled money. LINK
DeepWoodz: Imo…almost triple the current reserves to 95+ billion. Is that about right? If so, niiice
