International Report Confirms The Strength And Solidity Of Iraq’s System In Combating Money Laundering And Terrorist Financing
Time: 2025/01/23 09:14:21 Read: 2,405 times {Economic: Al Furat News} An official at the Central Bank of Iraq revealed the issuance of a report by the Financial Action Task Force on combating money laundering and terrorist financing in Iraq.
Hussein Al-Maqram, representative of the Anti-Money Laundering and Combating the Financing of Terrorism Office at the Central Bank, said in a press statement that “the Financial Action Task Force issued a report confirming the strength and solidity of the system followed in Iraq with regard to combating money laundering and terrorist financing.”
He added that "the report reflects the strong system in Iraq to combat these crimes, and the important efforts made by the state to combat them in accordance with international standards."
Al-Maqram pointed out that "the report focused on understanding the risks of money laundering and terrorist financing, and the effectiveness of implementing measures to combat these crimes, including international cooperation, confiscation of criminal proceeds, and investigation and prosecution procedures."
He continued by saying: “Based on the annual and comprehensive training plan to raise the level of knowledge and commitment to the requirements imposed in the field of combating money laundering, financing terrorism and financing the proliferation of weapons, the number of trainees concerned with the anti-money laundering and terrorist financing system during the past year reached (3415) trainees.” LINK
