L. Paul Bremer, Coalition Provisional Authority

“ Knowing that the transaction is designed in whole or in part—
(i) to conceal or disguise the nature, location, source, ownership, or control of
the proceeds of unlawful activity; or
(ii) to avoid a transaction or other reporting requirement,
Shall be sentenced to a fine of not more than 40 million Iraqi dinar, or twice the value of
the property involved in the transaction, whichever is greater, or imprisonment for not
more than 4 years, or both.
Article 4: Financing of Crime and Terrorist Financing
1. ”

“ The CBI may, by regulation, determine that the definition of financial institution
applies only to entities above a specified size and designate other persons who shall
also be considered financial institutions for purposes of this Act.
7.
“Person” means a natural person or a juridical person. ”

“ The Reporting Office shall:
a.
collect, process, analyze, and disseminate information on financial transactions
subject to financial monitoring and reporting;
b.
participate in implementing Iraqi policy on preventing money laundering,
financing of crime, and financing of terrorism;
c.
cooperate and interact with and exchange information with Iraqi state authorities,
competent bodies of other countries and international organizations on money
laundering, financing of crime, and financing of terrorism ”

“ Office may share with such foreign authorities as are prepared to provide reciprocal
services to the CBI and Reporting Office, information and documents, including non-
public information and documents, within their discretion, related to or gathered pursuant
10
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to this Act, for the purpose of preventing money laundering or the commission of crime,
including but not limited to terrorist financing.
Section 5: Obligations of Financial Institutions
Article 15: Verification of the Identity of the Customer
1. ”

“ The
protections of this paragraph shall not apply to any employee who deliberately causes
or participates in the alleged violation of law or regulation, or knowingly or
recklessly provides substantially false information to a supervisory authority, or
government body.
Section 6: Final Provisions
Article 24: Execution
The CBI shall issue regulations as necessary for the implementation of this Law. ”

“ Article 25: Relationship to other laws of Iraq........................................................... 16
Article 26: Entry into Force ....................................................................................... ”