A Seminar at the College of Islamic Sciences Discusses Money Laundering from an Islamic Perspective

The College of Islamic Sciences at the University of Samarra organized an awareness seminar titled “Combating Money Laundering: A Religious and National Duty.” The seminar was delivered by Professor Dr. Yasser Adnan Hassan, Dr. Mohammed Madloul Ibrahim, and Assistant Lecturer Abdulqader Saadoun. It aimed to explain the stages of money laundering operations and the reasons for their spread.

The seminar clarified the concept of money laundering, describing it as a process through which illicitly acquired funds from illegal and unlawful activities are transferred into legitimate channels to conceal their unlawful sources.

Furthermore, the speakers outlined Islamic rulings that prohibit actions harmful to the country and society, particularly money laundering, which is considered a crime that undermines the national economy. They emphasized its religious prohibition, as these funds are derived from illegitimate activities.

The speakers also stressed the importance of imposing stricter penalties on those involved in money laundering, categorizing it as a major crime. They highlighted the necessity of coordination between the Integrity Commission, the Central Bank, banks, and its affiliated financial institutions.