Iraq passed a law in 2015 that criminalized money laundering and terrorism financing. It created an anti-money-laundering council within the central bank. “This was important to give us the way to deal with the problems we had at that time,” Mr. Al-Alaq said. Ali Mohsen Ismail Al-Alaq, governor of the Central Bank of Iraq, said cleaning up corruption is a priority. They really have made progress against money laundering, Mr. Sullivan added, crediting Mr. Al-Alaq for the effort.

Source: Wall Street Journal February 28, 2019 16:52 UTC