A specialized workshop to share the results of the updated assessment of the risks of misuse of the legal persons sector for money laundering and terrorism financing

The Anti-Money Laundering and Counter-Terrorism Financing Office, in coordination with the General Directorate of Company Registration – Kurdistan Region, held a specialized workshop on Wednesday, 28 January 2026, to share the results of the updated assessment of the risks related to the misuse of the legal persons sector for money laundering and terrorism financing.

This workshop was held as a continuation of a series of workshops aimed at enhancing understanding of risks and emphasizing the importance of enhancing corporate ownership transparency through control or other means, and ensuring the availability of accurate and up-to-date information on beneficial owners in a timely manner.

The workshop also included discussions on the following topics:

• Inherent vulnerabilities within the sector and the threats through which companies may be misused, in terms of their legal forms and the activities they conduct.

• Mechanisms for identifying beneficial owners and verifying their information through a multi-faceted approach.

• The centralized register of beneficial ownership information.

• The importance of local cooperation and coordination in exchanging information related to beneficial owners and making such information available to the competent authorities in a timely manner.

At the conclusion of the workshop, emphasis was placed on the importance of implementing the remedial actions resulting from the Mutual Evaluation process of the Republic of Iraq, in a manner consistent with the requirements of the international standards issued by the Financial Action Task Force (FATF), and in a way that enhances the efficiency of the anti-money laundering and counter-terrorism financing framework at the local level.