Central Bank includes real estate worth 100 million dinars in money laundering controls
Central Bank includes real estate worth 100 million dinars in money laundering controls
2025-01-16
The Central Bank of Iraq has decided to reduce the maximum ceiling for real estate prices to include them in the controls of care to combat money laundering and financing terrorism, to 100 million dinars instead of 500 million Iraqi dinars according to the previous decision, as a document showed that the Central Bank addressed all banks to reduce the ceiling for real estate sales transactions to 100 million dinars and include them in the controls of combating money laundering and financing terrorism.
The Central Bank of Iraq had previously taken a decision in the middle of last year to make the delivery of real estate amounts exceeding 500 million dinars exclusively through a bank check, and after subjecting the amount to anti-money laundering controls.
burathanews.com
