US bans 14 Iraqi banks in dollar smuggling crackdown: Report
The US has blacklisted 14 Iraqi banks from conducting dollar transactions as part of its crackdown on corruption and dollar smuggling to Iran. The ban was imposed Wednesday by the US Treasury Department and the Federal Reserve Bank of New York, according to a Wall Street Journal report on Wednesday. The report, citing unnamed Iraqi and US officials, said the move came after Washington discovered that the banks had engaged in money laundering and fraudulent transactions, […]
