EU Removes Iraq From Terror Financing List

Iraqi authorities on Monday announced that the European Union removed Iraq from its list of countries at high risk of money laundering and terror financing countries.

The Iraqi Foreign Ministry in a statement said that an EU delegation congratulated Iraqi Prime Minister Mustafa Al-Kadhimi for the great measures taken by the Iraqi authorities to improve the country’s anti-money laundering system and to combat terrorism financing.

The EU delegation also lauded Iraq for its positive and all-out effort to improve its financial sector on compliance with international standards.

EU Ambassador to Iraq Ville Varjola said he met with Iraq Prime Minister Al-Kadhimi and shared the “Good news with him that Iraq has been taken off the list of countries at high risk of money laundering by the EU.”

In a tweet, Varjola said that the development will pave the way for deepening financial cooperation and investment.

In May 2020, Iraq was blacklisted alongside Afghanistan, Pakistan, Syria, Yemen, Iran, and North Korea as one of the countries posing financial risks to EU countries.


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