US advisers in Baghdad to pursue five new Iraqi banks

by **Rocky** Sun 12 Aug 2018, 2:32 am

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Post n°1

US advisers in Baghdad to pursue five new Iraqi banks

by Rocky Sun 12 Aug 2018, 2:32 am

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US advisers in Baghdad to pursue five new Iraqi banks[/size]
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29 minutes ago

(Reuters) - The US Federal Reserve is pursuing five new Iraqi banks as well as the Islamic Bank of Iraq, diplomatic sources in Iraq have revealed.
A report by skynews, quoting the sources, said that a team of American advisers is in Iraq to follow up on these banks, which may be subject to the same sanctions imposed on the "Islamic Bank of the country."
The investigations into the relationship between these banks and their exploitation by Iran in remittances began in the era of former US President Barack Obama, but only sued one bank.
According to the sources, investigations have been activated over the past months. Investigations by sources include money transfer of money, suspicious transfers to Lebanon, and then to Syria, along with some Asian and Eastern European countries.
Last year, the United States put the Iraqi Islamic bank Ilaf on the black list.
Blacklisting forces banks to choose between severing ties with Iranian institutions targeted by US sanctions, or cutting off the US financial system.

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by **Rocky** Sun 12 Aug 2018, 7:24 am

Rocky

Rocky: Admin Assist; Posts : 280906
Join date : 2012-12-21

Post n°2

The US Federal Reserve is pursuing five Iraqi banks, these details

by Rocky Sun 12 Aug 2018, 7:24 am

The US Federal Reserve is pursuing five Iraqi banks, these details

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The US Federal Reserve is pursuing five new Iraqi banks as well as the Islamic Bank of Iraq.
"The US Federal Reserve is pursuing five new Iraqi banks," the report quoted diplomatic sources in Iraq as saying. "A team of American advisers is in Iraq to follow up on these banks, which may be subject to the same sanctions imposed on the country's Islamic bank."
The sources pointed out that "the investigations on the relationship of these banks, or exploitation by Iran in the remittances began since the era of former US President, Barack Obama, but only sued one bank only."
According to the sources, "investigations have been activated during the past months, including investigations," according to sources, "money transfer of funds, in addition to suspicious transfers of money to Lebanon, and then to Syria, along with some Asian countries and Eastern Europe.
Last year the United States put the Iraqi Islamic bank Ilaf on the black list.
Blacklisting forces banks to choose between severing ties with Iranian institutions targeted by US sanctions, or cutting off the US financial system.

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