Statement issued by the Anti-Money Laundering and Terrorist Financing Council

Statement issued by the Anti-Money Laundering and Terrorist Financing Council.

The Middle East and North Africa Financial Action Task Force (MENAFATF), at its general meeting held in the Kingdom of Bahrain from 19-23 May 2024, adopted the Mutual Evaluation Report of the Republic of Iraq, which reflects its great commitment to implementing international standards to combat money laundering and terrorist financing. The report reflects Iraq’s robust system to combat money laundering and terrorist financing, and the significant efforts made by the state to combat these crimes in a manner consistent with international standards in this regard.

The report focuses on understanding the risks of money laundering and terrorist financing, and the effectiveness of implementing measures to combat these crimes, including international cooperation, confiscation of criminal proceeds, and investigation and prosecution procedures.
On this occasion, we extend our sincere thanks to the honorable Prime Minister and the honorable Chairman of the Judicial Council for their support of the evaluation process. We also extend our thanks to the members of the Anti-Money Laundering and Terrorist Financing Council, the Anti-Money Laundering and Terrorist Financing Office, and all judicial and governmental bodies, law enforcement agencies, and Central Bank formations that have contributed and worked throughout the past two years to provide the requirements for the evaluation in a way that reflects the true reality of the effective judicial and government procedures in developing the Anti-Money Laundering and Terrorist Financing system. Ali Mohsen Ismail
Chairman of the Anti-Money Laundering and Terrorist Financing Council / Governor of the Central Bank