The Central Bank of Iraq said its governor, Nizar Nasser Hussein, met the head of the Federal Integrity Commission and agreed to deepen coordination between the central bank and oversight bodies to protect public funds and strengthen integrity and transparency across state institutions. The main outcome was a joint commitment to tighten cooperation aimed at cutting off channels for money smuggling and addressing pressures on the financial system. The measures discussed include stronger pre-emptive supervision and real-time data sharing to support the pursuit of corruption crimes, the tracing of smuggled funds and illicit proceeds, and their recovery within the legal framework. The two sides also agreed to move quickly to implement the joint understandings and to form a coordinating working group to close legal and procedural gaps that could be exploited in financial operations.
Central Bank of Iraq2026-07-02
Central Bank of Iraq agrees with Federal Integrity Commission to strengthen coordination against money smuggling
The Central Bank of Iraq said it agreed with the Federal Integrity Commission to strengthen coordination against money smuggling and financial crimes. The plan includes stronger pre-emptive oversight, real-time data sharing, and a joint working group to help trace illicit funds and close legal and procedural gaps.