Stop dealing and freezing money

Announcement from CBI

 

The actions taken by the Central Bank of Iraq in coordination with the Office of Foreign Assets Control of the US Treasury Department, (Salim Mustafa Muhammed Al Mansur Mansur), the Prince of the Ministry of Finance of DAESH terrorist organization in Mosul was included on the lists of confiscation of the Office of Foreign Assets Control (OFAC).

The necessary measures have been taken to prevent him from entering the Iraqi financial system and freezing his movable and immovable property which he owns inside Iraq. The Central Bank of Iraq stresses that banks and financial institutions need take the necessary measures not to deal with the mentioned individual directly or indirectly.

The US Treasury has praised the measures being taken by the Iraqi authorities to impede the financial dealings of DAESH in Iraq and it is implementing a tight system to combat money laundering and the financing of terrorism, which in turn will help strengthen Iraq's ability to protect its financial system from exploitation by terrorist groups like DAESH.