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Sunday, July 1, 2018

Iraq is officially excluded from the list of States subject to monitoring and follow-up , 1 JULY

1st July, 2018

The Central Bank of Iraq (FATF) announced on Sunday that the FATF has officially released it from the follow-up area, as the Bank and AML / CFT have made significant progress in improving and addressing deficiencies and meeting all its obligations

 In a statement received by Al-Iktissad News, the bank said, "FATF has officially removed it from the follow-up area, because the Bank and AML / CFT have made significant progress in improving and addressing deficiencies and meeting all its commitments to the FATF recommendations. Requirements of the AML / CFT strategy prepared by the Central Bank. "

He added that "the bank has legislated the Anti-Money Laundering Law No. 39 of 2015 and issued instructions and controls and the establishment of the Anti-Money Laundering and Financing of Terrorism Council as well as the Committee on the freezing of terrorist funds."

The statement pointed out that "Iraq is no longer subject to monitoring and follow-up by the FATF."   LINK

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