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Enhancing Financial Crime Investigations in Iraq
Introduction
A comprehensive policy paper has been developed to enhance financial crime investigations in Iraq. The key points outlined in this document aim to provide a structured approach to improving the frequency of success of initial detection and further investigations.
Training and Capacity Building
Effective training and capacity building are crucial for successful financial crime investigations. The following initiatives have been proposed:
- Financial Investigation Training: A four-day seminar will be conducted to bring together investigative judges, expert investigators, and representatives from supporting institutions.
- Each group of five participants will form an exercise task force/operational team consisting of:
- Investigative judges
- CoI investigators
- Police investigators
- A representative from a supporting institution
- Each group of five participants will form an exercise task force/operational team consisting of:
- Case Investigation: Task forces will investigate a case involving organized crime activities, corruption, money laundering, and illicit accumulation of wealth throughout the seminar.
Retaining Trained Expertise
To ensure that trained personnel can effectively contribute to financial crime investigations, it is essential to retain their expertise. This can be achieved by:
- Career Development: Personnel trained in financial investigations should be allowed to develop their expertise within departments and directorates that investigate financial crimes.
- Loss of Expertise: Rotating personnel out of these positions can lead to loss of acquired expertise and experience, making capacity-building endeavours unsustainable.
Handbook on Financial Investigations
A handbook/guidelines for conducting financial investigations should be developed in accordance with the Iraqi Penal Code and Criminal Procedure Code. The handbook will detail:
- Investigative procedures: From case initiation to collaboration requirements between institutions.
- Collaboration requirements: Between institutions through the preparation of a criminal report.
Institutional Cooperation in Investigations
Institutional cooperation is crucial for successful financial crime investigations. However, lack of cooperation and exchange of information between:
- Investigative judges and investigators: On one hand, and supporting government institutions on the other hand negatively impacts the frequency of success of initial detection and further investigations.
Conclusion
The policy paper aims to enhance financial crime investigations in Iraq by providing training, retaining expertise, developing a handbook, and promoting institutional cooperation. By addressing these key areas, the document seeks to improve the frequency of success of initial detection and further investigations.