IRAQ FACES TOUGH CHALLENGES TO MAKE THE GRADE IN AML/CFT POLICY
February 1st, 2012
BY PAUL COCHRANE, IN BEIRUT
WHILE the Iraqi government has implemented regulations that are both anti-money laundering (AML) and for combating the financing of terrorism (CTF), it has had lacklustre results in enforcement due to ongoing instability in the country. Corruption and endemic smuggling are also major problems. In a rare interview, the head of the country's AML office admitted to the Money Laundering Bulletin that his department faces serious challenges.
Some of these are to do with basic security. The Central Bank of Iraq (CBI) in Baghdad lies ...
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