Iraq chairs an important meeting to remove its name from the European list of high-risk countries

[RJG]

Iraq chairs an important meeting to remove its name from the European list of high-risk countries

Fouad Hussein, Minister of Foreign Affairs of Iraq a u aThursday, October 21, 2021 1:02 AMnull

The Iraqi Ministry of Foreign Affairs announced the participation of the delegation of the Republic of Iraq to the European Union in the technical meeting of the expert group concerned with removing the name of Iraq from the European list of high-risk countries in the field of combating money laundering and terrorist financing .

And the Iraqi Foreign Ministry stated – in a statement reported by the Iraqi “Alsumaria News” channel – that “Ambassador Abdul Karim Tohma Kaab, head of the European Department, next to him, the head of the mission of the Republic of Iraq to the European Union, Ambassador Sadiq Al-Rikabi, and Deputy Head of Mission, Minister Plenipotentiary Fadel Al-Rahim, chaired a technical meeting that was held In the Belgian capital, Brussels, the Iraqi team concerned with removing the name of Iraq from the European list of high-risk countries in the field of combating money laundering and terrorist financing and the European team concerned with this file in the European Commission and the Department of External Action .

The technical team presented – according to the statement – “a review of the achievements of the Iraqi system for combating money laundering and terrorist financing, the latest developments in anti-money laundering and terrorist financing laws, the types of regulatory authorities and their work as the Anti-Money Laundering and Terrorist Financing Council, the Committee for Freezing Terrorist Funds, institutions concerned with combating organized crimes, and the judiciary.” And the most important achievements of Iraq under the first national strategy to combat money laundering and terrorist financing for the period (2017-2020).

Then, “the observations and inquiries of the European side were discussed regarding the information provided by the Iraqi side regarding criminalization laws, the number of convictions, the type of penalties for perpetrators of money laundering and terrorist financing, banks’ procedures for due diligence for customers and international cooperation in the field of combating money laundering and terrorist financing .”

 

At the conclusion of the meeting, Ambassador Abdul Karim Tohme Kaab affirmed Iraq’s aspiration to remove its name from the European list of countries with risk in the field of combating money laundering and terrorist financing, especially since Iraq has met all (FATF) standards and provided the European side with all the documents it reque

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