The Foreign Ministry clarifies its procedures for removing Iraq from the list of money laundering and terrorist financing
The Foreign Ministry clarifies its procedures for removing Iraq from the list of money laundering and terrorist financing
12:47 – 01/16/2021
BAGHDAD – Mawazine News
, on Saturday, the Ministry of Foreign Affairs clarified its measures to remove Iraq from the list of high-risk countries in the areas of money laundering and terrorist financing.
The spokesman for the ministry, Ahmed Al-Sahaf, said in a statement that Mawazine News received a copy of, that “the ministry has worked with great diligence, through our embassies scattered throughout the world, to explain Iraq’s efforts in the field of combating money laundering and terrorist financing, and to show the extent of its commitment to the applicable international standards. Resulted in removing Iraq from the list of the International Financial Task Force (FATF). ”
Al-Sahaf added, “In this context, our embassy in Brussels contacted the Department of Foreign Action in the European Commission, and inquired about the criteria that the European Union will follow in the inclusion of countries in the new list. It also sent two official notes to the European Union requesting to provide them with the European standards that Iraq should apply.” “.
He continued: “The Embassy of the Republic of Iraq in Brussels conducted a number of meetings, and also held a number of meetings. Among these meetings he was with the Director General of the Department of Stability, Services and Financial Markets in the European Commission for the purpose of inquiring about the issue of including Iraq on the European Union list of high-risk countries in The field of money laundering and terrorist financing, as we explained Iraq’s efforts in this field, and its commitment to the standards of the international anti-money laundering agency, whether at the level of legislation or implementation, and the competent Iraqi authorities have referred many perpetrators of financial crimes related to this context to the specialized courts.
Al-Sahhaf stated, “One of the steps that the Foreign Ministry had to take in this direction was that Foreign Minister Fuad Hussein sent a letter to his counterparts, the Foreign Ministers of the European Union, calling for objection to the proposed delegated list in the Council of the European Union.”
He pointed out, “Conducting meetings and meetings via video conference technology and phone calls with European ministers and parliamentarians to support Iraq’s objection and remove it from this list.” Ended 29 / A 43
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