Shafaq News / Iraqi Prime Minister Mohammed Shiaa Al-Sudani reported on Tuesday in New York, the US Under-Secretary of the Treasury, the expansion of his government’s work in reducing money laundering operations, while the latter indicated the restoration of the confidence of global financial institutions.
This came during a meeting between the Sudanese gathering, in New York, after midnight (Baghdad time), Undersecretary of the US Undersecretary of the Treasury Brian Nelson, on the sidelines of his participation in the meetings of the United Nations General Assembly at its seventy-eighth session, according to a statement issued by his office and received by Shafaq News Agency.
The meeting witnessed, according to the statement, discussing the mechanisms of cooperation between Iraq and the US Treasury Department, and reviewing the priorities of the government in implementing economic and administrative reforms that fall within the government program.
Al-Sudani stressed that the government and the Central Bank of Iraq have taken several measures in the implementation of financial reform, which is a key to economic reform in achieving the government’s goal of moving from a monotheistic economy to a productive and mixed economy, where, for the first time, a financial database was established for banking transactions, in order to achieve the required confidence in transactions with international banks and banks.
Al-Sudani also pointed to the expansion of the government’s work in reducing money laundering operations at the procedural and judicial levels, by applying the required international standards, and enabling it to achieve real trade that supports the economy towards further development.
Al-Sudani indicated that the government supports the private sector through a package of decisions and procedures, as well as providing all the necessary facilities for him in the federal budget for the three years.
For his part, Nelson valued government reforms in the banking and financial sectors, and the government’s success in restoring the confidence of global financial institutions, such as Citibank and J.P. Morgan stressed the readiness of the US Treasury to work closely with the Central Bank of Iraq and cooperate with Iraq in the files of financial liquidity and Iraqi commercial banking transfers out of the country, and renewed his country’s support for the stability of the Iraqi economy.
