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Five Iraqi banks to be banned from US dollar transactions

Iraq's central bank will ban five more local banks from U.S. Dollar transactions after meetings with U.S. Treasury officials, according to sources with direct knowledge of the matter.
The banned banks include Al-Mashreq Al-Arabi Islamic Bank and United Bank for Investment, which can continue operating under other currencies.
This action aims to combat money laundering and dollar smuggling, restricting the banks' ability to conduct dollar transactions and hampering operations.
The Iraqi government is facing heightened scrutiny under U.S. President Donald Trump's administration, which aims to apply 'maximum pressure' on Iran.

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The New Arab

CBI denies US sanctions on Iraqi banks amid conflicting reports

The Central Bank of Iraq (CBI) has denied reports that the United States has imposed sanctions on five Iraqi banks, emphasising that no such measures have been officially implemented. The statement comes amid growing speculation over financial restrictions following recent meetings between Iraqi and US officials in Dubai. Sources speaking to Al-Araby Al-Jadeed, The New Arab's Arabic-language sister publication, affirmed that the US Treasury Depa…

5 days ago·London, United Kingdom

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Colorado Springs Gazette

+2 Reposted by 2 other sources

Five Iraqi banks to be banned from U.S. dollar transactions

By Maha El Dahan and Ahmed Rasheed

6 days ago

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PressTV

Iraq to ban more banks from US dollar transactions: Report

A report shows Iraq’s central bank will ban five more banks from accessing dollar-based transactions.

6 days ago·Tehran, Iran, Islamic Republic of

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U.S. News

Five Iraqi Banks to Be Banned From U.S. Dollar Transactions

US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. Track elected officials, research health conditions, and find news you can use in politics, business, health, and education.

6 days ago·New York, United States

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Reuters

+4 Reposted by 4 other sources

Five Iraqi banks to be banned from US dollar transactions

A rare ally of both the U.S. and Iran with more than $100 billion in reserves held in the U.S., Iraq relies heavily on Washington's goodwill to ensure that its access to oil revenues and finances are not blocked.

6 days ago·United Kingdom

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amlintelligence.com

NEWS: Five Iraqi banks to be banned from US dollar transactions - AML Intelligence

This content is for members only. Visit the site and log in/register to read. The post NEWS: Five Iraqi banks to be banned from US dollar transactions appeared first on AML Intelligence.

5 days ago

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