The Anti-Money Laundering Office in Iraq issues a statement on the European decision
The Anti-Money Laundering Office in Iraq issues a statement on the European decision
9/7/2020 13:06
[Baghdad-Ain] The
Iraqi Anti-Money Laundering and Combating the Financing of Terrorism Bureau issued a statement on Thursday, explaining the reasons for re-listing Iraq to the European list of high-risk countries, stressing that this was not due to the indication of a deficiency in the Iraq file.
The office said in a statement, “The efforts made to remove the name of Iraq from the European list of high-risk countries are still ongoing since the issuance of this list for the first time in 2016.”
He added, “The continued inclusion of Iraq in the European Union list was not due to the indication of a deficiency in the Iraq file, but was under the pretext that the security situation did not enable the European Union Commission to stand on the situation of Iraq in the field,” noting that “the ministries of the Foreign Ministry initiated the sending of protest letters On the recent European Commission’s recommendation not to remove Iraq from the list. ”
The office confirmed “holding meetings with the concerned authority in the commission to explain and present evidence that Iraq meets the requirements and standards of the European Union in the area of combating money laundering financing terrorism”, noting that “the recent recommendation of the European Commission did not come into effect and does not mean preventing dealing with Iraq.”
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