An official document received by Avatoday shows that Iraqi government blocked the properties of an Iranian bank and a group company and banned money transactions and financial deals with another bank aimed at cutting off terrorist’s funding and money laundering.
According to the document, “all the financial resources and transacted and none-transacted money of Sina Bank and Bahman Group must be blocked.”
The document informed all official and governmental institutions and urges them to follow the new regulations. “The rule is in accordance to a law for cutting off terrorists funding and fighting money laundering,” the document explained.
“All the necessary steps must be taken to implement sanctions against transaction and activities of Parsian Bank in Iraq with Iraqi Central Bank,” the document says.
Iraq government implemented in 2015 a law to fight money laundering and terrorism financing.
US president Donald Trump pulled out of the 2015 Iran Nuclear deal in May, called the deal “worst ever” agreement, which was signed during Barak Obama’s administration.
The international sanctions hit Tehran once again especially since November. According to US officials the new wave of sanctions is the toughest imposed by Americans against a country.
Iraqi new prime minister, Adel Abdul Mahdi announced on October 25 that Iraq put its own interests in priority in dealing with US sanctions against Iran.
