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The Anti-Money Laundering and Terrorist Financing Council holds its regular monthly session for the year 2023
April 26, 2023
The Anti-Money Laundering and Terrorism Financing Council held its regular monthly session today, Wednesday, 26/4/2023, chaired by the Chairman of the Council (His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq), and all members of the Council from ministries, agencies not associated with a ministry, and law enforcement agencies.
The Board reviewed the steps to prepare for the mutual evaluation of the Republic of Iraq,
which is expected to take place in the coming month of August, and
took a number of decisions in this regard, in order for Iraq to maintain its advanced position in anti-money laundering measures that resulted in its exit from the gray area in the international classification in 2018.
The Council also discussed the developments in ransomware (electronic extortion) and
considered it a predicate crime related to money laundering and terrorist financing.
He also raised the issue of illegal trade in antiquities and the need to identify a supervisory authority to report on financial transactions related to this trade.
Central Bank of Iraq
information Office
26 - April - 2023
https://cbi.iq/news/view/2313
April 26, 2023
The Anti-Money Laundering and Terrorism Financing Council held its regular monthly session today, Wednesday, 26/4/2023, chaired by the Chairman of the Council (His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq), and all members of the Council from ministries, agencies not associated with a ministry, and law enforcement agencies.
The Board reviewed the steps to prepare for the mutual evaluation of the Republic of Iraq,
which is expected to take place in the coming month of August, and
took a number of decisions in this regard, in order for Iraq to maintain its advanced position in anti-money laundering measures that resulted in its exit from the gray area in the international classification in 2018.
The Council also discussed the developments in ransomware (electronic extortion) and
considered it a predicate crime related to money laundering and terrorist financing.
He also raised the issue of illegal trade in antiquities and the need to identify a supervisory authority to report on financial transactions related to this trade.
Central Bank of Iraq
information Office
26 - April - 2023
https://cbi.iq/news/view/2313
