The Central Bank of Iraq – Banking Supervision Department issued circulars to all licensed banks
25
Apr
News
25
Apr
Approval of the third annual report of the Council for Combating Money Laundering and Terrorism Financing
The Council of Ministers announced, in its meeting held on November 24, 2020, the approval of the third annual report of the Council for Combating Money Laundering and Financing Terrorism, in the presence of (Chairman of the Council – Governor of the Central Bank of Iraq). The Council of Ministers called for the Office of […]
25
Apr
The first regular session of the AML / CFT Council for the year 2020
His Excellency the Governor of the Central Bank of Iraq, Chairman of the Council for Combating Money Laundering and Terrorism Financing, Mr. Mustafa Ghaleb Makhaif, chaired the first regular session of the Council for the year 2020, which included members of the Council from the relevant ministries and departments not linked to a ministry. The […]
30
Jun
Our participation in the general meeting of the (FATF) for the period from 16 to 21 June 2019
AML / CFT participated in the FATF General Meeting (16-21 June 2019) in Olandou / United States of America, as Representative of the Republic of Iraq. During this plenary session, the members celebrated the 30th anniversary of the Financial Action Group FATF Several topics were discussed during the meetings, including: Key Strategic Initiatives Mutual evaluation, […]
15
May
IMF Staff Completes 2019 Article IV Mission on Iraq
IMF Staff Completes 2019 Article IV Mission on Iraq
08
Apr
New UN resolution reaffirms the close collaboration between the FATF and the United Nations in the fight against terrorist fighting
No country is immune from terrorism. All countries are at risk of being involved in the financing of terrorism, whether or not they themselves have been the victims of terrorist attacks. New York, 28 March 2019 – The global threat from terrorism continues to grow and evolve, from returning terrorist fighters to right wing extremists. The […]
08
Apr
With New Laws and Some Help, Iraq Turned Around Anti-Money-Laundering Problems
Seven years ago, Iraq’s financial system was beset by problems. An estimated $800 million in U.S. currency was illegally flowing out of Iraq every week, Iraqi auditors told American investigators at the time. And the central bank governor was dismissed after corruption had become institutionalized within the country’s government and political system. Iraq landed on […]
08
Apr
Parliament criticises Council’s rejection of money laundering blacklist
MEPs expressed concern on Thursday that member states have scuppered the Commission’s plan to place new countries on the EU money-laundering blacklist. The resolution was adopted by a show of hands with an overwhelming majority. The adopted resolution comes one week after member states refused to include 23 countries on an updated blacklist. These countries […]
16
Aug
Iraqi AML/CFT office in a workshop on Financial Intelligence in Beirut
The Iraqi AML/CFT office has participated in a workshop on Methods and practices used in Financial Intelligence Analysis from (6-11 August 2018) In Beirut – Lebanon , and it was Sponsored by United Nations Office on Drugs and Crime (UNODC) in cooperation with Lebanese Special Investigation Commission and Egyptian Money Laundering and Terrorist Financing Combating […]
08
Jul
Improving Global AML/CFT Compliance: On-going Process – 29 June 2018
The FATF welcomes Iraq’s significant progress in improving its AML/CFT regime and notes that Iraq has established the legal and regulatory framework to meet the commitments in its action plan regarding the strategic deficiencies that the FATF identified in October 2013. Iraq is therefore no longer subject to the FATF’s monitoring process under its ongoing […]