The role of the chartered accountant in the phenomenon of money laundering and its impact on financial sustainability studying the laws in the Iraqi government banks: A model.

The study aimed to demonstrate the role of the chartered accountant in studying the laws relating to the phenomenon of money laundering and its application in Iraqi government banks, which is reflected in financial sustainability. With a review of the Iraqi laws enacted to combat money laundering and the mechanism for their application through the existence of sound and good accounting and control systems, especially after the expansion of this phenomenon globally in the context of globalization, the escalation of the information revolution, telecommunications technology, the lack of transparency in commercial transactions and the weakness of laws and regulations established by the State to reduce them. The research proceeded from a problem of knowing the role of the chartered accountant in studying the laws relating to the phenomenon of money laundering and the extent of their application in Iraqi government banks to achieve financial sustainability in (Rafidain Bank Right Side 217) Sample Search, Based Search to Basic Hypothesis, The chartered accountant has a role in studying the laws on the phenomenon of money laundering and its application in Iraqi banks to achieve financial sustainability. The research has reached a number of conclusions, the most important of which are, although many regulators are involved in the fight against money laundering, the accountant and the legal auditor have a role to play in studying laws and legislation relating to the fight against money laundering, because in the list of those who discover the anomalies in the movement of money and that is the nature of their profession and their good qualification to achieve financial sustainability in banks. There are no legislation and laws that preserve the rights of banks that report suspicious money-laundering that relates to the confidentiality of data and information they send to those entities even if the data are preserved, because the suspicion of money-laundering is not established. The research recommended the need to seek a mechanism binding on all banks and financial institutions. by establishing specialized anti-money laundering teams, following up on the sale and purchase of securities and introducing employees into banking institutions in international courses to identify modern methods used by perpetrators when committing money-laundering, as well as to develop banking secrecy laws, To establish an effective and robust oversight mechanism to monitor banking companies deployed in Iraq for the purpose of regulating their operations and removing them from money-laundering operations. Monitoring the movement of liquidity and researchers used a tool for this study a questionnaire form (questionnaire) designed on the basis of a quinquennial Licert scale and analyzed by the statistical program (SPSS). [ABSTRACT FROM AUTHOR]