Iraq is out of the list of countries subject to monitoring and follow-up by the International Financial Action Task Force

Iraq is out of the list of countries subject to monitoring and follow-up by the International Financial Action Task Force

2018/7/1 15:34

Iraq is out of the list of countries subject to monitoring and follow-up by the International Financial Action Task Force[Ayna-Baghdad]
FATF officially announced the exit of Iraq from the follow-up area.
“This came because the Central Bank of Iraq and the AML / CFT Office have made significant progress in improving and addressing deficiencies and meeting all its obligations towards the recommendations of the FATF and addressing the requirements of the Counter-Terrorism Strategy,” said a statement by the Central Bank of Iraq. Money laundering and terrorist financing prepared by the Central Bank of Iraq. ”
He added, “In addition to the legislation of the Anti-Money Laundering Law No. 39 of 2015, issuing instructions and controls and establishing the Anti-Money Laundering and Terrorism Financing Council as well as the Committee for the freezing of terrorist funds.”
“Thus, Iraq is no longer subject to monitoring and follow-up by FATF,” he said.

alliraqnews.com