Article: “New US sanctions shake Iraqi banking sector, ban use of payment cards abroad” Quote: “Iraqi government sources reported on Sunday that Baghdad received an official notification from the US Treasury Department imposing sanctions on five Iraqi banks, in addition to a number of exchange companies, due to their involvement in illegal money transfers inside and outside Iraq, and smuggling dollars to banned entities, most notably the Islamic Republic of Iran…These measures come within the framework of an escalating US policy to control financial transactions in Iraq,”
