Wsj news10/5/2023 (Reporting by Kanishka Singh and Daphne Psaledakis in Washington, Timour Azhari in Baghdad, Michael S. Washington has put pressure on Iraq to stem the flow of dollars into neighboring Iran. The United States has insisted that oil-rich Iraq, the OPEC group's second-largest producer, moves towards self-sufficiency. Iran has been unable to access billions of dollars in assets in several countries due to U.S. Treasury Department and the New York Fed did not immediately respond to requests for comment. WASHINGTON/BAGHDAD (Reuters) -The United States has barred 14 Iraqi banks from conducting dollar transactions, the Wall Street Journal reported on Wednesday, citing U.S. Iraq's private banks association did not immediately respond to a request for comment. ban list are Al Mustashar Islamic Bank, Erbil Bank, World Islamic Bank, and Zain Iraq Islamic Bank, the newspaper said. "And of course the primary sanctions risk in Iraq relates to Iran."Īmong the banks on the U.S. official was quoted as saying by the Journal. "We have strong reason to suspect that at least some of these laundered funds could end up going to benefit either designated individuals or individuals who could be designated," a senior U.S. 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. Our reporters write with an aim to delight and. Magazine and The Wall Street Journals Style News team. 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 U.S. Read the latest style, entertainment, pop culture, movies, TV, music and arts news from WSJ. WASHINGTON/BAGHDAD (Reuters) -The United States has barred 14 Iraqi banks from conducting dollar transactions, the Wall Street Journal reported on Wednesday, citing U.S.
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