Integrity Commission Denies Disappearance of $1.9bn

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Integrity Commission Denies Disappearance of $1.9bn

Iraq’s Federal Integrity Commission has officially shut down the rumors about the “missing” IQD 2.5 trillion from the Social Protection Fund — and the message is clear: nothing was withdrawn, nothing was lost, and the full amount is still there.

The Commission said it moved fast once reports began spreading that nearly $1.9 billion had disappeared. An emergency investigation team was formed right away, and they launched a full audit of every step connected to the fund. This included checking procedures at the Ministry of Finance, the Ministry of Labour and Social Affairs, Rafidain Bank, and the Federal Board of Supreme Audit.

After reviewing all the documents and transactions, the investigators found no signs of any withdrawal, transfer, or reallocation of the money. Every dinar is still in the Social Protection Authority’s account — account number 568 — under the Ministry of Labour and Social Affairs.

The Commission also explained that the account is now under stronger monitoring to keep things cleaner and more transparent. These new controls make sure that government transfers from the Ministry of Finance are kept separate from the revenues generated by the Ministry of Labour, according to the rules set in Social Protection Law No. 11 of 2014.

All of this work, the Commission added, was carried out under the direct supervision of the proper judicial authorities, following the legal and regulatory frameworks.

They also took a moment to thank the media for supporting transparency and public oversight. But they warned that inaccurate reports — especially those involving sensitive financial matters — can damage Iraq’s financial reputation, weaken investor confidence, and shake trust in the country’s banking system. In short, getting the story wrong can cause real harm.

The final message from the Commission was simple: the money is safe, the system worked, and the rumors were false.