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The Ministry of Foreign Affairs announces Iraq's exit from the European Union's list of high-risk countries


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ERBIL, Kurdistan Region - Iraq has been taken off the European Union’s list of countries at high risk of money laundering and financing terrorism, the EU’s ambassador to Baghdad said on Sunday, noting that the move will pave the way for further cooperation and investment.

During a meeting with the Iraqi Prime Minister Mustafa al-Kadhimi, the EU Ambassador to Iraq Ville Varjola told the premier that Iraq has made it off the list of countries at high risk of money laundering and financing terrorism, a move later confirmed by a statement from Kadhimi’s office.

Varjola then took to Twitter to share the news, saying that it will "pave the way for deepening cooperation and investment."
 

Bringing the good news today to HE Prime Minister Mustafa al-Kadhimi that Iraq has been taken off the list of countries at high risk of money laundering by the EU. Will pave the way for deepening financial cooperation and investment. pic.twitter.com/zoBYRKfqh1

— Ville Varjola 🇪🇺 🇮🇶 (@EUAmbIraq) January 9, 2022

 

Iraqi Prime Minister Mustafa al-Kadhimi welcomed the EU's decision in a tweet on Monday, saying that "the decision of the EU to delist Iraq from the list of high risk countries on AML/CTF is a manifestation of our effective diplomatic efforts."

Kurdistan Region Prime Minister Masrour Barzani also welcomed the decision. 

"In recent years, the KRG [Kurdistan regional Government] and the federal government in Baghdad have worked together with our partners in the international community to target the financing of terrorism and criminal networks, including illegal currency auctions and informal money service businesses," Barzani said on Monday evening

Iraq was added to the list in 2016. In 2019, the EU named Iraq on the list of 23 countries that “have strategic deficiencies” in their anti-money laundering and counter-terrorist financing laws.

The aim of the list was to protect the EU's financial systems by “better preventing money laundering and terrorists financial risks,” the statement by the European Union commission read alongside the list.

Iraqi Prime Minister Mustafa al-Kadhimi had previously called on EU member states to remove Iraq from the list, which can restrict the transfer of finances between countries and hinder private enterprises.

On a trip to Brussels in July, Kadhimi met with the president of the European Commission, Ursula von der Leyen, telling her that Iraq was seeking European support to be removed from the Commission's list of high-risk countries.

The prime minister’s efforts followed the decision of his cabinet in October 2020 to introduce its White Paper, a series of economic reforms which include financial, economic and institutional changes to the country’s oil, electricity, agriculture, and education sectors, as well as tackling waste and corruption.

"We will continue working diligently to serve our national interests, and achieve Iraq's deserved status," the prime minister added.

The move from the EU came after the UK removed Iraq in April from the list of countries at high risk of money laundering.

The Iraqi Central Bank at the time welcomed the decision saying that it "positively reflected in facilitating business and entering companies between the two countries, as well as supporting financial operations between the Iraqi banking sector and the United Kingdom."

Corruption is rife in Iraq and an estimated $150 billion has been taken out of the country since 2003.

Updated at 7:57 pm 

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Zidan appreciates the judges' efforts to remove Iraq from the list of countries with high risks in the field of combating money laundering and terrorist financing
  
{Local: Al Furat News} The President of the Supreme Judicial Council, Faiq Zaidan, praised the efforts made by the judges in the specialized courts to combat the crime of money laundering and terrorist financing, and their great role that contributed to the European Union issuing a decision to remove Iraq from the list of high-risk countries.

According to the Supreme Judicial Council in a statement received by {Euphrates News} a copy of it, that "the judges of the investigation specialists presented during the meeting with EU representatives in Brussels three months ago, and in cooperation with a number of competent authorities competent courts statistics indicate the role of the Supreme Judicial Council in combating the crime of money laundering and the financing of terrorism. "

And he indicated that "the delegation of the Supreme Judicial Council participating in the Iraqi delegation, represented by Judge Iyad Mohsen Damad, a specialist in money laundering cases, made great efforts that contributed to the European Union's issuance of a decision to remove Iraq from the list of high-risk countries," noting at the same time that "this step will contribute to pushing the economic progress in light of the trend towards reconstruction. "

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EU removes Iraq from terror financing list

 
January 10, 2022 at 12:22 pm | Published in: 
The European Union yesterday informed Iraq that it had been removed from the list of countries at high risk of money laundering and terror financing countries [@EUAmbIraq/Twitter]
The European Union yesterday informed Iraq that it had been removed from the list of countries at high risk of money laundering and terror financing countries [@EUAmbIraq/Twitter]
 
January 10, 2022 at 12:22 pm

The European Union yesterday informed Iraq that it had been removed from the list of countries at high risk of money laundering and terror financing countries.

The Iraqi Foreign Ministry explained in a statement that an EU delegation had delivered a letter to Prime Minister Mustafa Al-Kadhimi announcing that Iraq had been removed from the commission's list of countries with high-risk money laundering and terror financing.

 

"The EU commission in Iraq congratulated the government for the great measures taken by the authorities to improve the country's anti-money laundering system and to combat terrorism financing," Al-Kadhimi added.

The statement pointed out that the EU's "positive and continuous cooperation" had stemmed from the Iraqi government's "efforts to improve its financial sector on compliance with international standards."

In May 2020, Iraq was blacklisted alongside Afghanistan, Pakistan, Syria, Yemen, Iran and North Korea as one of the countries posing financial risks to EU countries, due to lack of measures in place to combat money laundering and terror financing.

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مسرور بارزاني عن قرار الاتحاد الأوروبي: سيعمل على تسهيل إصلاح القطاع المصرفي
 
Masrour Barzani on the European Union's decision: It will facilitate banking sector reform
 
2022-01-13 18:42
 
Shafaq News/ The Prime Minister of Kurdistan Regional Government, Masrour Barzani, welcomed today, Monday, the European Union's decision to remove Iraq from the list of high-risk countries in money laundering and terrorist financing, noting that this decision will contribute to facilitating the reform of the banking sector.
Barzani said in a statement received by Shafak News Agency; "I very much welcome the European Union's decision to remove Iraq from the list of countries at high risk of money laundering." He added, "The Kurdistan Regional Government and the Federal Government in Baghdad have worked, in recent years, with our partners in the international community to target sources of terrorist financing and criminal networks, especially illegal currency auctions and informal financial companies."
And he stated, "Government reforms, including public finances, services, contract procedures, border crossings, and the transparency of oil sales that Deloitte is reviewing, have made us stronger in our war against corruption, as we have strengthened oversight and oversight of our revenues by linking the Kurdistan Regional Government to the global banking system, and now with increasing looming On the horizon for EU financial and investment cooperation, banking sector reform and support will be much easier to provide services to the public.”
He added, "For us in Kurdistan, this is a personal matter, as ISIS tried to undermine our way of life, but it failed to do so, and for this reason we have placed ourselves at the forefront and center of international efforts to eradicate its sources of funding through the (ISIS Working Group) of the International Coalition."
Barzani continued, "We have also made these changes for ourselves and for our future, and if we had not made these structural reforms to our economy and tackle illegal trade, we would not have seen this opportunity presented to us with our friends in Europe."
He stressed that "this success that we are achieving today, and with Europe's recognition of the joint efforts in Erbil and Baghdad, it is imperative that we go further to ensure a bright and prosperous economic future for our children," expressing his confidence that "we will look back today as a turning point in the path of Kurdistan." To fold the past, towards a prosperous and peaceful global future for the people of Kurdistan.”
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20 billion dollars in debt.. The government confirms that Iraq is free of money laundering: investments are coming

05:40
20 billion dollars in debt.. The government confirms that Iraq is free of money laundering: investments are coming

Fourth - Baghdad

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that raising Iraq from the high-risk list encourages the entry of capital into the country, while noting that Iraq's financial rating is high and has the ability to pay off debts and confront them.

Saleh said, according to the official media, that "the situation of foreign debts is comfortable and decreasing, and there is financial space in Iraq at the present time," noting that "what must be paid does not exceed 20 billion dollars, and this has allocations in the budget."

 

He added that "Iraq's rating is high, and this classification did not come from a vacuum and we have the ability to pay off debts and confront them," noting that "the neo-liberalism in the world liberated the world's economies, including Iraq, so liberating the economy and financial transfer in the world daily is about 5 trillion dollars, and this The exchanges include problems, economic crimes, money laundering, and others.”

He pointed out that "Iraq was infected with suspicions of money laundering due to the occupation of ISIS, which is a terrorist force and has external financing.

He stressed that "Iraq has proven that it is free of money laundering and has been raised from the list of high risks to natural, and this is a very important matter that gives freedom and liberalism to banks to work in global environments, the ability to immunize, attention and low cost, which encourages the entry of capital into the country without problems, and this is positive for the benefit of Iraq." .

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Onwards we go DV, everything is looking good 👍 


“this is a very important matter that gives freedom and liberalism to banks to work in global environments,”

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Official: Iraq currently has a financial space and the ability to pay the debt

Official: Iraq currently has a financial space and the ability to pay the debt
The appearance of Muhammad Salih
 

 

 

Mubasher: The financial advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that raising Iraq from the list of high risks encourages the entry of capital into the country, while noting that Iraq’s financial rating is high and has the ability to pay off debts and confront them.

Saleh told the Iraqi News Agency (INA): "The situation of foreign debt is comfortable and decreasing, and there is a financial space in Iraq at the present time," noting that "what must be paid does not exceed 20 billion dollars, and this has allocations in the budget."

He added that "Iraq's rating is high, and this rating did not come from a vacuum and we have the ability to pay off debts and confront them," noting that "the neo-liberalism in the world liberated the economies of the world, including Iraq, so liberating the economy and financial transfer in the world daily is about 5 trillion dollars, and these exchanges It includes problems, economic crimes, money laundering, and others.”

He pointed out that "Iraq was infected with suspicions of money laundering due to the occupation of ISIS, which is a terrorist force and has external financing.

He stressed that "Iraq has proven that it is free of money laundering and has been raised from the list of high risks to natural, and this is a very important matter that gives freedom and liberalism to banks to work in global environments, the ability to immunize, attention and low cost, which encourages the entry of capital into the country without problems, and this is positive for the benefit of Iraq." .

And the Ministry of Foreign Affairs announced, last Monday, that the European Union removed the name of Iraq from the list of countries with risks regarding the fight against terrorism and money laundering.

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48 minutes ago, yota691 said:

"what must be paid does not exceed 20 billion dollars, and this has allocations in the budget."

This all seemed to happen with Kadhimi as the PM of the government. It looks like it would be in Sadr's interest to keep him there. 

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2 hours ago, shixjr said:

This all seemed to happen with Kadhimi as the PM of the government. It looks like it would be in Sadr's interest to keep him there. 


True on both counts and most certainly U have LOGIC on your side...however, this is Iraq.
 

We all will pray on by now extremely sore bended knees that Sadr understands this & would keep Kaz at his post to carry on his good work: & GET US THE HELL OFF THIS MERRY GO ‘ ROUND.

 

( still waiting for the coffee to brew up ). :moneybag:

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Al-Kadhimi’s Advisor: Iraq currently has a fiscal space

upload_1642154629_244442591.jpg
 

Today, 13:03
Baghdad-INA
 
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that removing Iraq from the list of high risks for money  encourages capital entry into the country, while noting that Iraq's financial rating is high and has the ability to pay off debts.
 
The external debt situation is good and decreasing, and there is a fiscal space in Iraq at present time, noting that the amount to be paid does not exceed 20 billion dollars, and has allocations in the budget, Salih told the Iraqi News Agency (INA).
 
He added that "Iraq's rating is high, as we have the ability to pay off debts," noting that "the neo-liberalism in the world liberated the world's economies, including Iraq, so liberating the economy and financial transfer in the world daily is about 5 trillion dollars, and such exchanges include  financial problems, economic crimes, money laundering, and others.”
 
Salih also stressed that "Iraq has proven that it is free of money laundering and has been removed from the list of high risks, and this is a an essential matter that gives freedom and liberalism to banks to work in global environments, the ability to immunization, attention and low cost, which encourages the entry of capital into the country without problems, and this is positive step for Iraq.

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website.jpg.cc16178394a79dee08600cb8b2e6e38f.jpg
 
01/14/2022 11:34

Al-Kazemi’s government: Iraq is witnessing financial space and the ability to pay debts

https://almasalah.com/ar/news/221089/حكومة-الكاظمي-العراق-يشهد-فسحة-مالية-وقدرة-على-تسديد-الديون

 

Baghdad / Obelisk: The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed, Friday, January 14, 2022, that lifting Iraq from the list of high risks encourages the entry of capital into the country, while noting that Iraq's financial rating is high and has the ability to pay off debts and confront them.

Saleh said, in a press statement, that the external debt situation is comfortable and decreasing, and there is a financial space in Iraq at the present time, indicating that the amount to be paid does not exceed 20 billion dollars, and this has allocations in the budget.

He added that Iraq's rating is high, and this rating did not come from a vacuum and we have the ability to pay off debts and confront them, noting that the neo-liberalism in the world has liberated the economies of the world, including Iraq, so liberating the economy and financial transfer in the world daily is about 5 trillion dollars, and these exchanges include problems economic crimes, money laundering, and others.

He pointed out that Iraq was infected with suspicions of money laundering due to the occupation of ISIS, which is a terrorist force and has external financing, and after its expulsion, the liquidation of its tails and the regulation of the atmosphere, the international community and, before it, the European Union, wanted reassurance that Iraq is free of money laundering.

He stressed that Iraq has proven that it is free of money laundering and has been raised from the list of high risks to natural, and this is a very important matter that gives freedom and liberalism to banks to work in global environments, the ability to immunize, interest and low cost, which encourages the entry of capital into the country without problems, and this is positive for the benefit of Iraq.

And the Ministry of Foreign Affairs announced, last Monday, that the European Union removed the name of Iraq from the list of countries with risks regarding the fight against terrorism and money laundering

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When Lambo? 😆

On 1/14/2022 at 7:22 AM, horsesoldier said:


True on both counts and most certainly U have LOGIC on your side...however, this is Iraq.
 

We all will pray on by now extremely sore bended knees that Sadr understands this & would keep Kaz at his post to carry on his good work: & GET US THE HELL OFF THIS MERRY GO ‘ ROUND.

 

( still waiting for the coffee to brew up ). :moneybag:

 

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On 1/14/2022 at 10:59 PM, yota691 said:

Official: Iraq currently has a financial space and the ability to pay the debt

Official: Iraq currently has a financial space and the ability to pay the debt
The appearance of Muhammad Salih
 January 14, 2022 12:52 PM

 

 

Mubasher: The financial advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that raising Iraq from the list of high risks encourages the entry of capital into the country, while noting that Iraq’s financial rating is high and has the ability to pay off debts and confront them.

Saleh told the Iraqi News Agency (INA): "The situation of foreign debt is comfortable and decreasing, and there is a financial space in Iraq at the present time," noting that "what must be paid does not exceed 20 billion dollars, and this has allocations in the budget."

He added that "Iraq's rating is high, and this rating did not come from a vacuum and we have the ability to pay off debts and confront them," noting that "the neo-liberalism in the world liberated the economies of the world, including Iraq, so liberating the economy and financial transfer in the world daily is about 5 trillion dollars, and these exchanges It includes problems, economic crimes, money laundering, and others.”

He pointed out that "Iraq was infected with suspicions of money laundering due to the occupation of ISIS, which is a terrorist force and has external financing.

He stressed that "Iraq has proven that it is free of money laundering and has been raised from the list of high risks to natural, and this is a very important matter that gives freedom and liberalism to banks to work in global environments, the ability to immunize, attention and low cost, which encourages the entry of capital into the country without problems, and this is positive for the benefit of Iraq." .

And the Ministry of Foreign Affairs announced, last Monday, that the European Union removed the name of Iraq from the list of countries with risks regarding the fight against terrorism and money laundering.

using IMF words financial space!!!!!   

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17 minutes ago, rvmydinar said:

9 or 12 zeros?

In front of or behind the 1's?  Some people say a zero means nothing, but I think those people aren't really up on the times. 😃

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7 minutes ago, shixjr said:

In front of or behind the 1's? 

It depends on which one would you like to choose? I think most dinar investors prefer below 👇 😁

🧞‍♂️1,😁😁😁,😁😁😁,😁😁😁 or

🧞‍♀️1,😁😁😁,😁😁😁,😁😁😁,😁😁😁?

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On 1/15/2022 at 5:26 AM, 6ly410 said:

Al-Kadhimi’s Advisor: Iraq currently has a fiscal space

upload_1642154629_244442591.jpg
 

Today, 13:03
Baghdad-INA
 
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that removing Iraq from the list of high risks for money  encourages capital entry into the country, while noting that Iraq's financial rating is high and has the ability to pay off debts.
 
The external debt situation is good and decreasing, and there is a fiscal space in Iraq at present time, noting that the amount to be paid does not exceed 20 billion dollars, and has allocations in the budget, Salih told the Iraqi News Agency (INA).
 
He added that "Iraq's rating is high, as we have the ability to pay off debts," noting that "the neo-liberalism in the world liberated the world's economies, including Iraq, so liberating the economy and financial transfer in the world daily is about 5 trillion dollars, and such exchanges include  financial problems, economic crimes, money laundering, and others.”
 
Salih also stressed that "Iraq has proven that it is free of money laundering and has been removed from the list of high risks, and this is a an essential matter that gives freedom and liberalism to banks to work in global environments, the ability to immunization, attention and low cost, which encourages the entry of capital into the country without problems, and this is positive step for Iraq.

theres the magic IMF words I was talking about!!!! "fiscal space" they just need to make the big adjustment remove the MCP and end auctions!

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