The Central Bank issued a clarification on the prosecution of US banks to Iraq


The Central Bank of Iraq denied information on the presence of a US advisory team in Baghdad to pursue Iraqi banks suspected of dealing with Iran, which is subject to US sanctions.
“Some local media have been circulating over the last two days about the issuance of lists to monitor Iraqi banks, claiming that these banks may be subject to sanctions from outside parties in an attempt to create confusion in the market and the exchange rate,” said Bassem Abdul Hadi Hassan, spokesman for the Central Bank of Iraq.
“While this bank denies this news, it confirms that it is the supervisory body responsible for following up the activities and activities of the financial and banking institutions in the country and that it is subject to its control and instructions issued by it.”
Diplomatic sources in Iraq revealed that the US Federal Reserve is pursuing five new Iraqi banks, as well as the Islamic Bank of the country.
A report by skynews, quoting the sources, said that a team of American advisers is in Iraq to follow up on these banks, which may be subject to the same sanctions imposed on the “Islamic Bank of the country.”
The investigations into the relationship between these banks and their exploitation by Iran in remittances began in the era of former US President Barack Obama, but only sued one bank.
According to the sources, investigations have been activated over the past months. Investigations by sources include money transfer of money, suspicious transfers to Lebanon, and then to Syria, along with some Asian and Eastern European countries.
Last year, the United States put the Iraqi Islamic bank Ilaf on the black list.
Blacklisting forces banks to choose between severing ties with Iranian institutions targeted by US sanctions, or cutting off the US financial system.

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