CBI: Iraq is outside the UK's high risk ranking country

BAGHDAD -INA 

The Central Bank of Iraq announced today, Sunday, that Iraq will not be included in the British classification of high-risk countries, while noting that this reflects positively on facilitating business and entering companies between the two countries.
In a statement received by the Iraqi News Agency (INA), the bank said, "In the framework of the efforts of the Central Bank of Iraq and through the Office of Combating Money Laundering and Combating the Financing of Terrorism in developing the business environment within the international compliance standards for combating money laundering and terrorist financing, the British Treasury has established the United Kingdom Government Department Not to include the name of the Republic of Iraq among the lists of high-risk countries according to Resolution No. 392 of 2021. " 

He added, "The United Kingdom has 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 is committed to keeping pace with and implementing international