Economist: US sanctions on Iraqi banks have a political goal
Economist: US sanctions on Iraqi banks have a political goal
7-21-2023
Today, Friday, the economic expert, Aziz Shwan, said that the US sanctions imposed on a number of Iraqi banks “have a political goal.”
Schwan said in an interview with “ Al-Jarida ”, that “the violations of the banks are twofold, intended and unintended,” explaining that “the penalties were imposed on these private banks by the American side because of bank transfers according to the controls of the Central Bank to accounts outside Iraq, and the Americans have notes on these bank accounts through their sources.” It would have been more appropriate for the American side to find a mechanism to warn the Central Bank or the concerned National Bank for the purpose of conducting additional verification of certain bank account codes or (Swift). Without this cooperation, the issue of these sanctions becomes a purely political matter.”
And Shwan continued, “As for the intended aspect of the violations, it is the presence of a kind of collusion on the part of some employees in these banks to facilitate bank transfers, and this aspect must be audited by the Central Bank and the concerned regulatory and legal authorities.”
jaredaiq.net
