US bans 14 Iraqi banks in Iran dollar trade crackdown: WSJ ...Kuwait

The New Arab - News

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

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Last updated : 20 July 2023 clock 01:16 AM

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US bans 14 Iraqi banks in Iran dollar trade crackdown: WSJ ...Kuwait

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