Abstract

The aim of the research is to indicate that the crime of money laundering is like a bridge over which the dirty money is generated by stealing public money or trading in human organs and drugs. In addition, the trials to use banking channels and financial institutions to implement bank transfers of funds resulted from this illegal entry and deposited in banks and institutions of other countries in order to change the illegal character of these funds and put great difficulties in tracking them before the security authorities. Then the research mentions the process of re-pumped into the declared economy again with a new formula that has removed the fingerprints of accusation and has become contrary to its first reality and then entered it into the state's investments by establishing economic projects in the various activities that generate huge profits. This phenomenon has become a major catastrophe for the financial and administrative economy of the state. In this research, data for the period 2004-2016 related to the Iraqi economy were used with a comparative analysis of the phenomenon in order to determine the experiences of the leading countries in combating this phenomenon and based on what appeared on the Iraqi economy from the collapse of the economic system entirely From all sides and for all economic and service sectors in particular. This study concluded that corruption has no specific address or location as it included financial and administrative scandals alike, especially the public sector in the Iraqi state. The researcher recommends fighting this phenomenon by the security services in the state and combating attacks on public money which is often done by politicians and government officials in the state with tying the economy of the country with massive loans, especially IMF loans.