Iraq's Anti-Money Laundering Efforts Not On Gray List
The Office of Anti-Money Laundering and the Financing of Terrorism has confirmed that Iraq is not at risk of being added to the gray list of countries under increased monitoring.
Hussein Al-Maqraqr, a representative from the Central Bank, announced that after a comprehensive 14-month evaluation by an international team of experts, Iraq’s compliance with anti-money laundering and counter-terrorism financing measures has been reviewed. The assessment focused on both technical compliance with legal frameworks and the effectiveness of these systems, including statistical data and practical examples from field visits.
This positive evaluation suggests that Iraq's legislative and regulatory measures are currently meeting international standards in combating money laundering and terrorism financing.
Source: Economy News
No comments:
Post a Comment