We help organizations operating in Iraq build and strengthen anti-money laundering and counter-terrorist financing frameworks, aligned with international financial-crime standards and Iraqi regulatory requirements.
Frameworks aligned with FATF recommendations and Iraqi legislation.
From due-diligence policies to staff training and regulatory reporting.
Deep understanding of regulatory requirements and the operating environment in Iraq.
Building anti-money laundering and counter-terrorist financing policies aligned with local and international legislation.
Standard and enhanced due-diligence reviews to classify customers by risk level.
Comprehensive institutional and compliance risk assessment using a risk-based methodology.
Staff training and building an organizational culture aware of money-laundering risk.
Designing monitoring mechanisms and Suspicious Transaction Reports (STRs) per approved regulations.
Preparing periodic reports required by the relevant Iraqi regulatory authorities.
Iraqi regulators and global banking partners are tightening requirements for institutions operating in Iraq. Non-compliance can mean substantial penalties, or even the loss of the international banking relationships essential to staying in business.
Does your organization in Iraq need to build or strengthen its anti-money laundering framework? We'd love to talk.
