Parliamentary finance likely ‘freeze’ of new Iraqi banks by US Treasury
Shafaq News / A member of the parliamentary financial committee, Ikhlas al-Dulaimi, on Wednesday, the US Treasury Department will include new Iraqi banks on the sanctions list unless the Central Bank of Iraq finds solutions to them.
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“On the evening of last Sunday, I met the US Treasury Attache in Baghdad and asked him about the reasons for the freezing of 24 Iraqi banks, and he explained to me that most of the banks transferred large amounts of dollars to Iran and the Iranian Revolutionary Guards, and this was the reason for their freezing and stopping them from work,” Al-Dulaimi told Shaf News.
Al-Dulaimi added, “At the moment, there are no banks that may be closed unless there are new breaches, and the banks that have closed some of them are dealing with false documents regarding financial transfers.”
She suggested that “if the situation remains as it is now and the central bank did not find treatments for the situation of these banks in the near future, we could see another meal of banks being frozen and their dealing in dollars banned and this affects the economic situation in the country.”
The US Treasury Department has previously included a number of Iraqi private banks and banking companies on the sanctions list, most recently on January 29, where the US Department announced the placing of Iraq’s “Huda” Bank, on the sanctions list, as a major concern regarding money laundering because it “acts as a channel for the financing of terrorism by Iran.”
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