The United States has barred 14 Iraqi banks from conducting dollar transactions, The Wall Street Journal reported on Wednesday, citing US officials. The ban, which was imposed by the Treasury Department and the Federal Reserve Bank of New York, is part of a crackdown on the siphoning of US currency to Iran, the report said. The United States uncovered information that the Iraqi banks engaged in money laundering and fraudulent transactions, some of which may have involved sanctioned individuals and raised concerns that Iran could benefit, the newspaper said. "We have strong reason to suspect that at least some of these laundered funds could end up going to benefit eith
Hence then, the article about us bans 14 iraqi banks in iran dollar trade crackdown wsj was published today ( ) and is available onThe New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( US bans 14 Iraqi banks in Iran dollar trade crackdown: WSJ )