Tag Archives | terrorism

US Sanctions Iraqi Bank; $6bn Fraudulently Transferred

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 […]

Iraq, KRG "Cancel Meetings" with Iran over Missile Row

By Amberin Zaman for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq, KRG leaders cancel meetings with Iran's FM at Davos over missile row Tensions between Baghdad and Tehran have flared since the Monday attack, which Tehran claimed targeted an […]

Iraqi Businessman (UK National) Killed in Erbil Attack

By John Lee. Another prominent Iraqi entrepreneur and investor is reported to have been killed in the recent attack by Iran's Islamic Revolutionary Guard Corps (IRGC) on targets in Erbil. Syriac Press, which covers, "events related to the Syriac-Aramean-Assyrian-Chaldean people [in the region]", said: "Among those killed was Chaldean-Syriac-Assyrian businessman Karam Mikhail. Mikhail was visiting […]

Prominent Iraqi Business Leader Killed in Iran Attack

By John Lee. Local sources in Iraqi Kurdistan have said that one of the region's most prominent business leaders was killed in last night's attack by Iran's Islamic Revolutionary Guard Corps (IRGC) on targets in Erbil. In a statement on X (formerly Twitter), the Kurdistan Democratic Party's (KDP) Foreign Relations Office said: "Initial reports indicate […]

Iran's IRGC Attacks Targets in Erbil

By John Lee. The Iraqi Ministry of Foreign Affairs has summoned the Iraqi Ambassador to Tehran, Naseer Abdul Mohsen Abdullah Al-Karawi, for consultations, following missile attacks by Iran's Islamic Revolutionary Guard Corps (IRGC) on targets in Erbil overnight. The attacks causing several deaths and injuries. In a statement, the Prime Minister of the Kurdistan Regional […]

Yazidis sue Lafarge for supporting ISIS

By John Lee. Hundreds of Yazidi-Americans have filed a civil lawsuit against French conglomerate Lafarge, seeking to hold the company accountable for its admitted criminal conspiracy with the so-called Islamic State group (ISIS, ISIL, Daesh), and to obtain justice for the Yazidi people. Nobel Prize winner and human rights activist Nadia Murad is the lead […]

Anti-ISIS Wall 35% Completed

By John Lee. The commander of Nineveh Operations Command for the Popular Mobilization Forces (PMF) has reportedly told Shafaq News Agency that over 35 percent of the concrete security barrier project along the Iraqi-Syrian border has been completed. More here. (Source: Shafaq)

How Tehran-Backed Terrorists Captured the Iraqi State

By Michael Knights, Hamdi Malik and Crispin Smith, for the Combating Terrorism Center (CTC) at West Point. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's New Regime Change: How Tehran-Backed Terrorist Organizations and Militias Captured the Iraqi State A comprehensive study of the […]

Treasure Hunters search Iraq for IS's Lost Loot

By Martin Chulov and Nechirvan Mando, for The Guardian. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Treasure hunters circle in search of Islamic State's lost loot The ruins of Iraq and Syria are proving a treasure trove, with former foes vying to […]

US adds Iraqi Entities to Sanctions List

By John Lee. The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated critical nodes of a key financial facilitation network of the Islamic State of Iraq and Syria (ISIS), which included four individuals and two entities in Türkiye, who have enabled the terrorist group's recruitment and financial transfers to and from […]

IOM, Finland supporting Economic Recovery in Iraq

IOM, Finland to support local economic recovery for women and conflict-affected populations in Iraq In the face of Iraq's deepening financial crisis, the International Organization for Migration (IOM) in Iraq and the Government of Finland launched a EUR 2,000,000 project to support displacement-affected individuals whose businesses were destroyed or severely damaged by the conflict with […]