Iraq completes the criteria for exit from the list of countries with a high risk in combating money laundering

Iraq completes the criteria for exit from the list of countries with a high risk in combating money laundering

11/01/2020 19:00:43

Iraq completes the criteria for exit from the list of countries with a high risk in combating money laundering(Baghdad: Al Furat News) The Ambassador of the Republic of Iraq in Madrid, Adel Mustafa Kamel, announced today, Sunday, the completion of the international procedures and standards required to exit from countries with risks in combating money laundering and terrorist financing.
A statement by the Ministry of Foreign Affairs, a copy of which was received by the Euphrates News, stated, “This is acceptable to meet with José Pascual Marco, Director General of Integration, Coordination and European Union Affairs at the Spanish Foreign Ministry, and Victoria Cartlin Ordonith, Deputy Director of Economic and Financial Affairs of the European Union in the Spanish Foreign Ministry building, as part of diplomatic efforts “Continuing to remove Iraq from the European Commission’s list of high-risk countries in combating money laundering and terrorist financing.”
The ambassador pointed out, “the depth of the bilateral relations between the two countries, as they are more than seven decades old, as well as the Kingdom’s role in combating terrorism within the international alliance, and affirmed the two countries’ current efforts to develop these relations in the economic field.”
While affirming that “Iraq is looking forward to Spain’s support to remove it from the European Commission’s list of high-risk countries,” declaring that “Iraq has completed the international procedures and standards required to exit the list, including the legislation of Law No. 39 of 2015 related to combating money laundering and terrorist financing, as well as its exit from the list. The Financial Action Task Force (FATF) for countries that have deficiencies in combating money laundering and terrorist financing. ”
At the end of the meeting, Jose promised Spain’s support for Iraq through their representative in the European Union, seeking to expedite its removal from the list of countries with risks in the field of combating money laundering and terrorist financing.

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