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The Central Bank announces amendments to the controls on the declaration of funds coming out and entering Iraq

The Central Bank of Iraq announced amendments in the controls on the declaration of funds entering into and out of Iraq.

According to a statement issued to the Agency (Euphrates News) a copy of it, “for the sake of the Central Bank of Iraq to clarify the instructions and regulations for the declaration of funds entering and exiting across the Iraqi border would like the Bank / Council to combat money laundering and the financing of terrorism, to announce the first amendment of controls Entered or ejected across the Iraqi border, published in the Iraqi newspaper Al-Waqa’eq (4551) on 19/8/2019 before entering into force in February 2020, in order to spare citizens and travelers legal accountability for the violations stipulated in these controls during the transfer of funds through Limit D.”

For the text of the First Amendment to these controls, please visit the website of the Central Bank of Iraq. Source