Advisor to the Prime Minister of Iraq announced that this country was able to leave the list of high-risk countries in the field of combating money laundering and terrorist financing with effective regulatory measures and implementation of laws related to the banking system.
He said that the financial reforms and Iraq’s practical actions in tracking the sources of property caused the trust of the international community to return to Iraq in financial interactions and commercial contracts.
The adviser to the Iraqi Prime Minister emphasized that Iraq had a tough war against money laundering gangs and duly followed up the process of financial exchanges, remittances, and deposits at the domestic and foreign levels.
In 2020, the European Union put Iraq on the list of high-risk countries and several other countries, including Iran, Afghanistan, Pakistan, Syria, Yemen, and North Korea, due to their failure to fight money laundering.
Alforat News