FCOI announces the seizure of large money laundering operations

Security
  • 21-01-2024, 13:00
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    Baghdad - INA 

    On Sunday, The Federal Commission of Integrity FCOI announced the seizure of large money laundering operations and overthrow 2 of involved in Anbar governorate, while indicating that those operations were passed through the sale and purchase of hundreds of properties in the governorate.

    The Commission's media office said in a statement received by the Iraqi News Agency (INA) that " A team from Investigation Bureau in Anbar governorate was able, after receiving information during the investigation of a case, to detect large money laundering operations", noting that "that information involved that an accused purchase (250) properties from a security wanted who left Iraq in 2016, and transfer the property ownership in 2020 ".

    The statement added "The team, moved to the Directorate of Real Estate Registration  in Fallujah to investigate the authenticity of the information, and after Audit and Investigation, they found 1197   registered properties in the name of the first defendant, while 40 properties were registered in the name of another defendant".

    The statement added that “17 of these properties were purchased from "the second security defendant", and 360 were purchased from "the first defendant's sister-in-law", noting that "these names were removed from Fallujah real estate registration computer and without conducted a tax accounting in the tax department".

    The statement continued “fundamentalist investigation was organized and presented to the investigating judge, who in turn decided to issue a warrant of arrest and search against the accused in accordance with the provisions of article 36  of Money Laundering and the Financing of Terrorism Law , and reserved the properties”.

    The statement explained that "the team expedited the execution proceedings of warrant arrest after conducting the inquiries and searches, the warrant was executed and the first defendant and his sister's husband were overthrown, the investigating judge decided to arrest them pending investigation”.