The Anti-Money Laundering and Terrorist Financing Council holds its regular monthly session for the year 2023
April 26, 2023
The Anti-Money Laundering and Terrorist Financing Council held its regular monthly session on Wednesday, 26/4/2023, headed by the Chairman of the Council (His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen al-Alaq), and attended by all members of the Council from ministries, non-ministry-related agencies, and law enforcement agencies.The Board reviewed the steps to prepare for the mutual evaluation of the Republic of Iraq, which is expected to take place in the coming month of August, and took a number of decisions in this regard, in order to keep Iraq in its advanced position in anti-money laundering measures that resulted in delisting its name from the grey area in the international classification during 2018.The Council also discussed the developments in redemption (electronic extortion) and considered it as a predicate crime related to money laundering and terrorist financing.It also discussed the issue of illegal trade in antiquities and the necessity to identify a supervisory authority to report on financial transactions related to this trade.Central Bank of IraqMedia Office16 April, 2023
