Anti-Money Laundering and Terrorist Financing Committee discusses national efforts to combat crime

A Council statement received by Alsumaria News said: “The report adopted by the Middle East and North Africa Financial Action Task Force (MENAFATF) at its plenary session, held in the Kingdom of Bahrain from 19 to 23 May 2024, reflects the strong commitment of the Republic of Iraq anti-money laundering and terrorist financing system and the country’s important efforts to combat money laundering and terrorist financing crimes that comply with international standards in this regard.

He added, “The focus of the report is on understanding the risks of money laundering and terrorist financing, and the effectiveness of measures implemented to combat these crimes, including international cooperation, confiscation of proceeds of crime, and investigation and prosecution procedures.”

The statement continued: “On this occasion, we sincerely thank Prime Minister Mohammed Hiya Al-Sudani and Chairman of the Judicial Council Faiq Zaidan for their support in the evaluation process, as well as the members of the Control Council and the Judicial Council. His The Office, all judicial and government agencies and central banking institutions have contributed and worked over the past two years to provide assessment requirements in a way that reflects reality. “The judicial branch and the government have taken effective measures to develop the system to combat money laundering and Terrorist Financing.”