The US ambassador in Baghdad announces the success of her mediation between the Iraqi Central Bank and the US Treasury

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The US ambassador in Baghdad announces the success of her mediation between the Iraqi Central Bank and the US Treasury

Alina Romansky, the US Ambassador to Iraq, has declared that the US Treasury will not be imposing sanctions on Iraqi banks as a result of concerns pertaining to money laundering.

In a tweet on Twitter, the ambassador shared that they had taken part in a call between the Treasury Department and the Central Bank of Iraq (CBI). The discussion was centered around the US measures to restrict 14 Iraqi banks from dollar services due to concerns of money laundering.

She stated that the CBI had taken necessary and timely actions, and that no sanctions had been imposed on any Iraqi banks. She also mentioned that they would continue working towards enhancing compliance with AML/CFT regulations and digitizing the Iraqi economy in collaboration with their CBI partners.

The US Treasury imposed sanctions on 14 Iraqi banks on Wednesday, July 19 as a measure to curb Iran’s dollar transactions.