Central Bank of Iraq Holds Workshop on International Sanctions Lists

The workshop aimed to enhance the capabilities of professionals working in financial and banking institutions and improve compliance mechanisms related to Iraqi legislation and international anti-money laundering and counter-terrorist financing (AML/CFT) standards.

The workshop covered procedures for customer name screening, alert management, documentation of compliance measures, and handling suspicious cases, as well as reporting and follow-up requirements.

It also included practical exercises and interactive scenarios designed to help participants take appropriate action quickly and accurately when individuals or entities appearing on sanctions lists are identified.

The workshop forms part of the Center for Banking Studies’ 2026 training plan and the Central Bank of Iraq’s broader efforts to strengthen regulatory compliance and reduce the risk of Iraq’s financial system being misused for illicit activities.