Iraq is outside the UK’s high risk country ranking
Iraq is outside the UK’s high risk country ranking
Sunday 18 April, 2021 | 11:26 a.m.
The British Treasury in the Department of the United Kingdom Government has not included the name of the Republic of Iraq among the lists of high risk countries according to Resolution No. 392 of 2021 .
The Central Bank of Iraq said in a statement; That this action came; Within the framework of the efforts of the Central Bank of Iraq and through the Office of Combating Money Laundering and Terrorist Financing in developing the business environment within the international compliance standards for combating money laundering and terrorist financing .
Added Alpine; That the United Kingdom adopted the recommendations of the Financial Action Task Force ( FATF) in classifying countries with high risks in terms of applying anti-money laundering and terrorist financing standards, after its exit from the European Union countries, and it promised Iraq is committed to keeping pace with and implementing international recommendations .
The central bank noted; Noting that Iraq is not included in the list of high-risk countries; It reflects positively on facilitating business and entering companies between the two countries as well as supporting financial operations between the Iraqi banking sector and the United Kingdom.
aynaliraqnews.com
