"KTFA FAMILY WHAT DOES THIS TELL YOU?" BY FRANK26, 24 MAY

KTFA

FRANK26: "KTFA FAMILY WHAT DOES THIS TELL YOU?"............F26

Statement issued by the Presidency of the Anti-Money Laundering and Terrorist Financing Council

May 22, 2024

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Statement issued by the Presidency of the Anti-Money Laundering and Terrorist Financing Council 

 The Middle East and North Africa Financial Action Task Force (MENAFATF), at its general meeting, held in the Kingdom of Bahrain for the period from 19-23 May 2024, approved the mutual assessment report for the Republic of Iraq, which reflects its great commitment to applying international standards to combat money laundering and the financing of terrorism. The report issued by the organization highlighted the ability of the committed system to combat money laundering and terrorist financing in Iraq, and the great efforts made by the state in combating these crimes, in accordance with solid international standards. 
The report stressed understanding the risks of money laundering and terrorist financing, and the effectiveness of implementing measures to combat these crimes, including international cooperation and confiscation of proceeds of crime, as well as investigation and prosecution.
The Presidency of the Anti-Money Laundering and Combating the Financing of Terrorism Council takes advantage of the opportunity to extend sincere thanks and appreciation to His Excellency the Honorable Prime Minister and the Honorable President of the Judicial Council, for the support they provided to raise the evaluation process, as well as to extend its thanks to the members of the Anti-Money Laundering and Terrorist Financing Council and the Anti-Money Laundering and Terrorist Financing Office. Money and terrorist financing, and all judicial and governmental bodies and all formations of the Central Bank of Iraq, which have contributed and worked over the past two years to provide the evaluation requirements in a way that reflects the real reality of effective judicial and government procedures in developing the system to combat money laundering and terrorist financing.

 

Ali Mohsen Ismail, 
Chairman of the Anti-Money Laundering and Terrorism Financing Council, 
Governor of the Central Bank of Iraq
 

https://cbi.iq/news/view/2588

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An International group removes Iraq from the “notorious” financial list

 

5/22/2024

On Wednesday, the Middle East and North Africa Financial Action Task Force (MENAFATF) classified Iraq as a country highly committed to the recommendations for combating money laundering and terrorist financing.

 

The media center of the Iraqi Supreme Judicial Council stated, in a statement received by Shafaq News Agency, that the organization decided, in its general meeting held in the Kingdom of Bahrain for the period from May 19 to 23, to consider Iraq as one of the countries highly committed to the recommendations of the Financial Action Task Force (FATF). The field of combating money laundering and terrorist financing.

 

He stated, "The residents' report on Iraq and the adequacy of the procedures followed by the Iraqi authorities in the field of combating money laundering and terrorist financing was accepted."

 

He pointed out that accepting the residents’ report “means that Iraq will continue to not be included on the gray list, which is the list of high-risk countries in the field of combating money laundering and terrorist financing, after the Iraqi team succeeded in convincing the general meeting of the MENA FATF of the adequacy of the measures taken by it in this field.” ".

 

The media center explained that the two deputy presidents of the Karkh Court of Appeal, Judges Ali Hussein Jafat and Dhia Jaafar, and the deputy president of the Rusafa Court of Appeal, Judge Iyad Mohsen, participated in the meeting with a group of representatives of the Anti-Money Laundering Office at the Central Bank of Iraq, as well as representatives of the rest of the relevant Iraqi institutions. Relevance.

LINK