What is the crime of money laundering in Iraqi law?
According to the provisions of Article (2) of the Anti-Money Laundering and Terrorism Financing Law No. (39) of 2015, a person shall be deemed to have committed the crime of money laundering whoever commits one of the following acts:
First – Transferring funds, transferring them, or exchanging them from a person who knows or should have known that they are the proceeds of a crime, for the purpose of concealing or disguising its unlawful source or assisting its perpetrator or the perpetrator of the predicate crime or who contributed to its commission or committing the predicate crime to evade responsibility for it. .
Second – Concealment of funds or concealment of their truth, source, location, condition, method of disposition, transfer, ownership, or rights related to them, from a person who knows or should have known that they are proceeds of a crime.
Third – Acquiring, possessing or using money from a person who knows or should have known at the time of receiving them that they are the proceeds of a crime.
What is the crime of financing terrorism in Iraqi law?
According to the provisions of Article (1 / tenth) of the Anti-Money Laundering and Terrorist Financing Law No. (39) of 2015, every act committed by any person who, by any means, direct or indirect, willingly provides or collects funds or Attempt to do so, from a legal or illegal source, with the intention of using them, knowing that these funds will be used, in whole or in part, in the implementation of a terrorist act, or by a terrorist or terrorist organization, whether the crime occurred or not, regardless of the country in which this occurs The act, or the terrorist or terrorist organization is present in it