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Iraqi diplomatic sources revealed that the US Federal Bank is chasing 5 new Iraqi banks, in addition to the “Islamic Bank of the Country”.
The sources indicated, who refused to reveal her identity, that a team of American advisors is present in Iraq to follow up on these banks, which may be subject to the same sanctions that were imposed on the "Islamic Bank of the Country."
The sources indicated that the investigations into the relationship of these banks, or their exploitation by Iran in financial transfers, started since the era of former US President Barack Obama, but he was content with pursuing only one bank.
According to the sources, the investigations have been activated during the past months, and the investigations according to sources include the cash transfer of funds, in addition to financial transfers to Lebanon, and then to Syria, along with some Asian countries and Eastern Europe.
Last year, the United States placed the Islamic Bank of Iraq, Elaf, on the black list.
Blacklisting compels banks to choose between severing ties with Iranian institutions targeted by US sanctions, or disconnecting from the US financial system.
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