Shafaq News / US Ambassador to Iraq Alina Romansky announced that the US Treasury will not impose sanctions on Iraqi banks due to money laundering concerns.
“Yesterday I participated in a call between the Treasury Department and the Central Bank of Iraq (CBI) about recent US measures to restrict 14 Iraqi dollar banks after concerns related to money laundering,” the ambassador wrote in a tweet on Twitter.
She added, “The CBI has taken appropriate and prompt action. No sanctions have been imposed on any of the Iraqi banks. We will continue our work to improve compliance with AML/CFT regulations and digitize the Iraqi economy with our CBI partners.”
On Wednesday, July 19, the US Treasury Department imposed sanctions on 14 Iraqi banks in a crackdown on Iran’s dollar transactions.
