Navigate

Navigation

Tag Archives | Financial Crimes Enforcement Network (FinCEN)

US Finalises Measure Against Iraq-based Bank

By on 27th June 2024 in Iraq Banking & Finance News, Security

From FinCEN, a bureau of the US Department of the Treasury. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. FinCEN Finalizes Financial Measure Against Iraq-based Al-Huda Bank to Combat Terrorist Financing Today [Wednesday 26th June, 2o24], the U.S. Department of the Treasury's Financial Crimes […]

US Sanctions Iraqi Bank; $6bn Fraudulently Transferred

By on 30th January 2024 in Iraq Banking & Finance News, Security

By John Lee. The US Treasury Department has sanctioned Iraq's Al-Huda Bank, and its owner and Chairman, Hamad al-Moussawi. On Monday, the Department's Financial Crimes Enforcement Network (FinCEN) said the bank, "serves as a conduit for terrorist financing, as a foreign financial institution of primary money laundering concern." Along with its finding, FinCEN proposed imposing […]