Iraq removed from EU list of high-risk money laundering and financing terrorism countries

BAGHDAD — In a statement, the Iraqi Ministry of Foreign Affairs announced that a delegation from the European Commission delivered a letter to Prime Minister Mustafa al-Kadhimi indicating that Iraq would be removed from the list of countries with weak financial systems towards at high risk of money laundering and terrorist financing.

The Ministry statement welcomed the positive cooperation with the European Union.

Al-Kadhimi praised the move, calling it “the fruit of our excellent diplomatic efforts.” We shall keep working hard to serve our country’s interests and attain Iraq’s rightful position.”

Iraq has remained on the EU’s list of countries with strategic inadequacies in anti-money laundering (AML) and counter-terrorist financing (CFT) since the first list was published in July 2016.