Based on US Treasury decisions, Iraq issues a financial circular to banks regarding sanctions against ISIS and Hezbollah.
Based on US Treasury decisions, Iraq issues a financial circular to banks regarding sanctions against ISIS and Hezbollah.
2026-07-15
Shafaq News – Baghdad
An official document issued by the Iraqi Ministry of Finance on Wednesday revealed new banking directives imposing sanctions on ISIS financing networks and individuals and entities linked to the Lebanese Hezbollah, based on decisions by the US Treasury.
The document issued by the Iraqi Fund for External Development, affiliated with the Ministry, and seen by Shafaq News Agency, stated that the procedure comes in accordance with two official letters issued by the Ministry of Foreign Affairs/America Department on June 30, and the Office of the Minister of Finance in early July.
The document explained that the US Treasury Department’s Office of Foreign Assets Control (OFAC) imposed sanctions on three individuals and six entities in Europe, the Middle East, and West Africa for facilitating financial transfers to ISIS.
The decisions also included a number of entities linked to Hezbollah under the amended US Executive Order No. (13224) on combating terrorism, with the aim of pursuing and targeting the financing and logistical support networks on which the party depends.
According to the document signed by the head of the Iraqi Fund for External Development, Dhafer Mahdi Abdullah, and the acting Director General of the Economic Department, Nadia Rashid Ali, the decision was circulated to the departments, banks, bodies and companies affiliated with the Ministry of Finance for review and to take the necessary measures.
shafaq.com
