Secret Meeting in Istanbul: U.S. Warns Iraq of New Sanctions
A recent unannounced meeting in Istanbul brought together the U.S. Federal Reserve and top officials from the Central Bank of Iraq.
The urgent meeting, initiated by the U.S., focused on serious issues with Iraq’s financial transfers and banking practices.
The U.S. warned that new financial sanctions are being prepared against several Iraqi banks and institutions.
The reason? Ongoing violations in international money transfer systems and non-compliance with global standards for combating money laundering and terrorist financing.