Iraq is outside the UK’s high risk country ranking


Time: 04/18/2021 11:16:27 Read: 2,574 times

{Baghdad: Al Furat News} The Central Bank of Iraq announced today, Sunday, that Iraq will exit from the British classification of high risk countries.

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The Central Bank stated in a statement that Al-Furat News received a copy of, that “within the framework of the efforts of the Central Bank of Iraq and through the Office of Combating Money Laundering and Financing of Terrorism in developing the business environment within the international compliance standards for combating money laundering and terrorist financing, the British Treasury in the Kingdom’s government department The United Nations did not include the name of the Republic of Iraq from among the lists of high-risk countries according to Resolution No. 392 of 2021. ”  

He added that “the United Kingdom adopted the recommendations of the Financial Action Task Force (FATF) in classifying countries with high risks in terms of applying anti-money laundering and terrorist financing standards, after its exit from the European Union countries, and it promised Iraq is committed to keeping up with and implementing international recommendations.”  

The statement added: “The fact that Iraq is not included in the list of high-risk countries is positively reflected in facilitating business and entering companies between the two countries, as well as supporting financial operations between the Iraqi banking sector and the United Kingdom.”

Hussein Hatem

https://alforatnews.com/news/%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%AE%D8%A7%D8%B1%D8%AC-%D8%A7%D9%84%D8%AA%D8%B5%D9%86%D9%8A%D9%81-%D8%A7%D9%84%D8%A8%D8%B1%D9%8A%D8%B7%D8%A7%D9%86%D9%8A-%D9%84%D9%84%D8%AF%D9%88%D9%84-%D8%B0%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%AE%D8%A7%D8%B7%D8%B1-%D8%A7%D9%84%D9%85%D8%B1%D8%AA%D9%81%D8%B9%D8%A9

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