The US Treasury Department reveals the secrets of its assistant visit to Iraq and its meeting with senior officials, 17 SEPT

The US Treasury Department reveals the secrets of its assistant visit to Iraq and its meeting with senior officials, 17 SEPT

Baghdad - Iraq Today: 2023/09/16 10:03

The US Treasury Department announced that Assistant Secretary Elizabeth Rosenberg discussed with Iraqi officials during her visit to Baghdad raising the level of the Iraqi banking sector to "international standards" and "preventing violations" of US sanctions.

US Assistant Secretary of the Treasury for Combating the Financing of "Terrorism" and Financial Crimes, Elizabeth Rosenberg, visited Baghdad on September 12 and 13, and held meetings with Iraqi officials, led by Prime Minister Mohammed Shia al-Sudani and Central Bank Governor Ali Al-Alaq.

In a statement about the visit, the US Treasury Department noted that Elizabeth Rosenberg met with the prime minister and officials of the Central Bank, the Iraqi Economic Intelligence Unit, the Commercial Bank of Iraq and representatives of private banks.

Recognizing the challenges and future opportunities for the development of Iraq's financial sector, the two sides "declared their commitment to continue working together and taking positive steps towards meaningful and long-term reforms, in order for Iraq to live up to international standards, and prevent falsity, sanctions violations, terrorist financing and other illegal acts," she said.

Earlier, US State Department spokesman, Matthew Miller, said in a press interview that the US Treasury Department discussed with the Iraqi government the opportunities and challenges facing the financial sector in Iraq, and ways to develop the sector and raise it to the level of international standards.