Harb: Removing Iraq From The List Of High-Risk Countries Is A Major Political And Economic Victory For The Govt And The CBI

Baghdad / NINA /- Legal expert Tariq Harb affirmed: "Removing Iraq from the list of high-risk countries is a major political and economic victory for the government and the Central Bank." Harb said in a statement, "Many years have passed since the name of Iraq has been included in the list of high-risk countries, with the consequences of this of great political and economic effects, perhaps the first and most important of which is the impact on investment, the reluctance of non-Iraqi companies to work in Iraq, and the political and social implications." He added: "Al-Kadhimi government and the Central Bank of Iraq have made great efforts, especially in the field of their cooperation, by taking the necessary measures regarding money laundering and terrorist financing, where the newspaper of Al-Waqi’a al-Iraqiya has hardly been issued without publishing international procedures and decisions, especially those issued by the special committee associated with that and associated with the UN Security Council with regard to combating money laundering and terrorist financing and other measures related to seizing the money of those accused of money laundering and terrorist financing, even if they are not Iraqis. " He explained: "A higher committee has been established in the Central Bank to combat money laundering and terrorist financing, and these and other measures, such as activating the Anti-Money Laundering and Terrorism Financing Law No. 39 of 2015, contributed to the issuance of Resolution 392 of 2021, including lifting the name of Iraq among high-risk countries. '' / End