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NEWS: Iraq’s central bank revokes Iran’s Bank Melli operating licence

Premium February 8, 2024

FILE PHOTO: FILE PHOTO: An Iraqi man walks past the headquarters of the Central Bank of Iraq in Baghdad, Iraq August 15, 2023. REUTERS/Ahmed Saad/File Photo/File Photo

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REGULATORY INTELLIGENCE: Everything you need to know about Europe’s new AML laws and the Authority (AMLA) – all in one place

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NEWS: France, Ireland and Latvia called out by EU for AML failures

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NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

By Timour Azhari

The Central Bank of Iraq (CBI) has revoked the operating licence of Iran’s largest bank, Bank Melli Iran, citing international sanctions and the bank’s limited operations in Iraq, a CBI document verified by two CBI officials shows.

Bank Melli Iran did not immediately respond on Thursday to a Reuters request for comment on the contents of the document, which was dated Jan. 31, 2024.

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Premium

REGULATORY INTELLIGENCE: Everything you need to know about Europe’s new AML laws and the Authority (AMLA) – all in one place

 Premium

NEWS: France, Ireland and Latvia called out by EU for AML failures

 Premium

NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

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