Prime Minister Muhammad Shiaa Al-Sudani confirmed on Wednesday that reforming the banking sector contributed to reducing money laundering operations in Iraq.
This came during his meeting with US Assistant Secretary of the Treasury Elizabeth Rosenberg, in the capital, Baghdad, according to a statement received by Shafaq News Agency.
During the meeting, joint cooperation between financial institutions in Iraq and the US Department of the Treasury was discussed, and the government’s measures to implement financial and banking reforms were discussed to reduce corruption in all its forms.
The Prime Minister indicated that “the government is continuing to implement its priorities in reforming the banking sector, which is a basic basis for developing the economy, by adopting international standards and addressing the distortions and imbalances that accompanied its work and keeping pace with developments,” stressing that “those reforms have contributed, significantly, to reducing… From money laundering operations, it also addressed suspicious trade and reduced corruption.”
Al-Sudani stated that “the government has come a long way in implementing its reforms in financial institutions, in the public and private sectors.”
For her part, Rosenberg praised the great steps taken by the government in the field of financial and banking reform, which will help Iraq advance its economy and enhance its programs and plans in the field of sustainable development.
