President's advisor reveals the implementation mechanism of smuggled funds law

Baghdad - INA

The advisor to the President of the Republic, Ismail Al-Hadidi revealed, today, Friday, the content of the law on the recovery of smuggled funds and the mechanism for its implementation, while he confirmed the existence of parliamentary presidential coordination to amend the law.

Al-Hadidi said, in a statement to the Iraqi News Agency (INA), that "the president of the republic is interested in retrieving smuggled money, and there are continuous procedures, work and coordination with Parliament, and meetings with the parliamentary legal and financial committees to amend the law of recovering smuggled money."

He added, "Parliament has expressed its readiness, response and acceptance to amend the law, to recover all smuggled Iraqi money, and soon there will be an amendment to the law and a vote on it by Parliament, which in turn confirmed its readiness for that."

He explained, "The law includes how to recover money smuggled from abroad, in cooperation with international companies that adopt retrieval for certain wages," stressing "the file's need for external support, because most of the money smuggled out of Iraq, and therefore there is a need for international solidarity."

And, he stated, "the international companies that will adopt the issue, their wages will be paid after recovering the smuggled money, according to legal principles," stressing that "the law must be tight and adopt the recovery of those money, being an important step, and it met with great interest by the President of the Republic and the Iraqi Parliament.".