Home
With names.. America imposes sanctions on 14 Iraqi banks for dealings with Iran in dollars
policy US Treasury US sanctions Iraqi banks
2023-07-19 09:50
Shafaq News/ On Wednesday, the US Treasury Department imposed sanctions on 14 Iraqi banks, in a crackdown on Iran's dealings in dollars.
The Wall Street Journal quoted US officials as saying that "the move came after the disclosure of information indicating that the
targeted banks were involved in money laundering and fraudulent transactions." The newspaper added,
"Some of these operations may relate to individuals subject to sanctions, which increases fears that Iran will benefit from them."
A senior US official told the newspaper:
"We have strong reason to suspect that some of these money laundering operations may benefit, either to individuals covered by US sanctions, or to persons who may be covered by sanctions."
"The main danger of sanctions in Iraq is definitely related to Iran," the US official added.
Shafaq News agency learned that the sanctions affected "banks (the
US Treasury Department prevented four other Iraqi banks from accessing the dollar last November, and also imposed, in cooperation with the Central Bank of Iraq, stricter controls on financial transfers in the country in general.
In the past weeks, the Central Bank of Iraq had excluded 4 private Iraqi banks from the currency sale auction (namely:
following directives and warnings from the US Treasury about these banks accused of smuggling currency
https://shafaq.com/ar/سیاسة/بال-سما-ميركا-تفرض-عقوبات-على-14-مصرفا-عراقيا-بسبب-تعاملات-مع-يران-بالدولار
policy US Treasury US sanctions Iraqi banks
2023-07-19 09:50
Shafaq News/ On Wednesday, the US Treasury Department imposed sanctions on 14 Iraqi banks, in a crackdown on Iran's dealings in dollars.
The Wall Street Journal quoted US officials as saying that "the move came after the disclosure of information indicating that the
targeted banks were involved in money laundering and fraudulent transactions." The newspaper added,
"Some of these operations may relate to individuals subject to sanctions, which increases fears that Iran will benefit from them."
A senior US official told the newspaper:
"We have strong reason to suspect that some of these money laundering operations may benefit, either to individuals covered by US sanctions, or to persons who may be covered by sanctions."
"The main danger of sanctions in Iraq is definitely related to Iran," the US official added.
Shafaq News agency learned that the sanctions affected "banks (the
- Islamic Advisor for Investment and Finance, the
Islamic Qartas for Investment and Finance, as well as the
Islamic Spectrum,
Elaf Bank,
Erbil Bank for Investment and Finance, the
International Islamic Bank,
Trans-Iraq Bank,
Mosul Bank for Development and Investment,
Al-Rajeh Bank,
Sumer Commercial Bank,
Trust International Islamic Bank, and
Ur Islamic Bank The
Islamic World Bank for Investment and Finance and
Zain Iraq Islamic Bank for Investment and Finance. And the
US Treasury Department prevented four other Iraqi banks from accessing the dollar last November, and also imposed, in cooperation with the Central Bank of Iraq, stricter controls on financial transfers in the country in general.
In the past weeks, the Central Bank of Iraq had excluded 4 private Iraqi banks from the currency sale auction (namely:
- Al-Ansari,
Al-Sharq Al-Awsat,
Al-Qabid, and
Asia)
following directives and warnings from the US Treasury about these banks accused of smuggling currency
https://shafaq.com/ar/سیاسة/بال-سما-ميركا-تفرض-عقوبات-على-14-مصرفا-عراقيا-بسبب-تعاملات-مع-يران-بالدولار
