Iraq is outside the UK's ranking of high risk countries

by **claud39** Sun Apr 18, 2021 10:05 am

April 18, 2021

Iraq is outside the UK's ranking of high risk countries Article-161873444574488

Within the framework of the efforts of the Central Bank of Iraq and through the Office of Combating Money Laundering and Terrorist Financing in developing the business environment within the international compliance standards for combating money laundering and terrorist financing, “The British Treasury in the United Kingdom Government Department did not include the name of the Republic of Iraq among the lists of high risk countries according to Resolution No. 392 of 2021. "

The United Kingdom adopted the recommendations of the Financial Action Task Force (FATF) in classifying countries with high risks in terms of applying anti-money laundering and terrorist financing standards, after its exit from the European Union countries, and it promised Iraq committed to keeping pace with and implementing international recommendations.

The fact that Iraq is not included in the list of high-risk countries is positively reflected in facilitating business and entering companies between the two countries, as well as supporting financial operations between the Iraqi banking sector and the United Kingdom.

Central Bank of Iraq
Information Office
April 18, 2021

https://cbi.iq/news/view/1702

by **claud39** Sun Apr 18, 2021 10:20 am

The Central Bank announces the exit of Iraq from the British classification of high risk countries

2021/04/18

[size=39]Baghdad / Al-Mawred News
The Central Bank of Iraq announced today, Sunday, that Iraq has left the British classification of high risk countries.

A bank statement stated, “In the framework of the efforts of the Central Bank of Iraq and through the Office of Combating Money Laundering and Terrorism Financing in developing the business environment within the international compliance standards for combating money laundering and financing of terrorism, the British Treasury in the United Kingdom Government Department has not included the name of the Republic of Iraq from among the lists High-risk countries according to Resolution No. 392 of 2021. "

He added that "the United Kingdom adopted the recommendations of the Financial Action Task Force ( FATF) in classifying countries with high risks in terms of applying anti-money laundering and terrorist financing standards, after their exit from the European Union countries, and promised Iraq is committed to keeping up with and implementing international recommendations."

He continued, "The fact that Iraq is not included in the list of high-risk countries is positively reflected in facilitating business and entering companies between the two countries, as well as supporting financial operations between the Iraqi banking sector and the United Kingdom."

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https://almawrid.news/contents/view/details?id=30463