Security
As part of ongoing efforts to track down financial market manipulation networks and protect the national economy from sabotage, the competent authorities have carried out a qualitative operation that yielded notable positive results in Diyala Governorate. In details, the Federal Intelligence and Investigations Agency succeeded, today, Wednesday, in overthrowing one of the major speculators in foreign currency and dismantling an illegal financial remittance network in Diyala Governorate. This step came after specialized organized crime detachments carried out a precise security operation based on accurate intelligence information and intensive field follow-up, which led to the arrest of the suspect in flagrante delicto while carrying out dollar speculation operations, as part of efforts targeting those involved in tampering with economic security. The operation resulted in the seizure of large sums of money in US dollars and the national currency in the possession of the suspect, in addition to finding fake seals and a mobile phone containing evidence proving his involvement in managing numerous illegal financial remittances. During the preliminary investigation, the suspect confessed to carrying out those transfers for a sprawling network distributed in several areas, exploiting differences in exchange rates, where his statements were documented and the necessary legal procedures were taken against him properly. The security authorities affirm the continuation of their intelligence and field operations to pursue all elements involved in currency speculation crimes and unlicensed financial remittance networks, to ensure market stability and protect the financial system from any potential breaches.
