Iraq taken off money laundering list by EU: ambassador

Wladimir van Wilgenburg 2022/01/10 14:15

The EU ambassador presented the ‘good news’ to the Iraqi Prime Minister Mustafa al-Kadhimi (Photo: Ville Varjola/Twitter).

ERBIL (Kurdistan 24) – The EU Ambassador to Iraq Ville Varjola announced on Sunday that the Middle East country has been taken off the list of countries at high risk of money laundering by the EU.

Bringing the good news today to HE Prime Minister Mustafa al-Kadhimi that Iraq has been taken off the list of countries at high risk of money laundering by the EU. Will pave the way for deepening financial cooperation and investment. pic.twitter.com/zoBYRKfqh1
— Ville Varjola 🇪🇺 🇮🇶 (@EUAmbIraq) January 9, 2022

“Bringing the good news today to HE Prime Minister Mustafa al-Kadhimi that Iraq has been taken off the list of countries at high risk of money laundering by the EU,” Varjola tweeted on Sunday.

“(This) Will pave the way for deepening financial cooperation and investment.”

Excellent news, allowing European investment banks to enter Iraq and KRI markets - the result of hard-work by AML teams in Erbil and Baghdad, with support from @paretmb @AOathman @Clarissimata and others. https://t.co/zcLFuPFVot
— Aziz Ahmad (@azizkahmad) January 10, 2022

Aziz Ahmad, Deputy Chief of Staff to Kurdistan Region Prime Minister Masrour Barzani, welcomed the news on Twitter, adding this will allow EU investment banks to enter Iraqi and Kurdistan Region markets.