US Treasury Department confirms its commitment to joint work with the Iraqi government

Policy – 30-01-2024 07:50 PM – Readings: 1241

The U.S. Treasury Department on Tuesday confirmed its commitment to “long-term joint work” with the Iraqi government, a day after it sanctioned an Iraqi bank for “financing terrorism.”

The U.S. Treasury said in a statement that the Undersecretary for Terrorism and Financial Intelligence, Brian E. Nelson visited Baghdad on January 28 and 29 to “continue the work between the two countries on combating illicit financing and strengthening the Iraqi financial system.”

She pointed out that Neslon met during the visit senior government officials, including Prime Minister Mohammed Shia Al-Sudani, the Governor of the Central Bank of Iraq Ali Al-Alaq, the President of the Supreme Judicial Council, Faiq Zidan, and Minister of Transport, Razak Mohibes, to “discuss the recent measures taken by the United States and ways to enhance cooperation between the two countries.”
The US Treasury Secretary also met with representatives of the financial sector, including the Chairman of the Board of Directors of the Iraqi Trade Bank Bilal Al-Hamdani and representatives of privately owned banks to discuss ways in which bilateral efforts can provide “new opportunities for communication between Iraqi banks and the international financial system, which will benefit the Iraqi economy and the Iraqi people, while protecting the international financial system from misuse.”
The U.S. Treasury renewed its commitment to “long-term joint work with the Government of Iraq to strengthen the Iraqi economy and protect the U.S. and Iraqi financial systems from abuse.”

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