Financial Crime World

Iraq’s Law Enforcement Agencies Crucial in Combating Organized Crime

The Iraqi government has recognized the importance of law enforcement agencies in combating organized crime, which poses a significant threat to national security and the economy.

Organized Crime Networks

Organized crime networks are notorious for their involvement in various illegal activities such as:

  • Human trafficking
  • Drug trafficking
  • Weapons smuggling
  • Theft
  • Financing terrorist operations

These networks generate billions of dollars in revenue, develop long-term strategies, and employ various methods to achieve maximum profit with minimal risk.

Law Enforcement Agencies

To combat this menace, Iraq has established several law enforcement agencies, including:

National Security Advisory (NSA)

Provides security consultation and specialized studies to contribute to national security decisions.

Iraqi National Intelligence Service (INIS)

Responsible for protecting national security and combating terrorism.

Iraqi National Security Service (INSS)

Collects and analyzes intelligence information on terrorist organizations and groups.

Counter Terrorism Service (CTS)

Works to eliminate terrorism activities in all its forms through strategic plans and operations.

Ministry of Interior’s Directorate of Combating Organized Crime (COCD)

Combats crimes related to:

  • Money laundering
  • Financing of terrorist groups
  • Smuggling of antiquities and weapons
  • Drug trafficking

Judiciary Authority

Plays a crucial role in examining suspicious transactions reported by financial institutions and taking legal action against suspected entities and individuals.

Achievements of the First AML/CTF National Strategy (2017-2020)

Iraq has made significant progress in combating money laundering and terrorist financing. Some achievements include:

Upgraded Status

In 2018, Iraq was upgraded from regular follow-up status to biennial updates by the Middle East and North Africa Financial Action Task Force (MENAFATF).

Technical Improvements

Tremendous improvements were made to the technical infrastructure, communication systems, and security features.

Database Development

A database containing information on financial and non-financial institutions was developed.

Secure Communication System

A secure communication system called I2N was established for information exchange with other entities.

Training and Capacity Building

To enhance the capabilities of staff and judges of the Public Prosecution and the Iraqi Integrity, Money Laundering and Organized Crime Court (IMLOCC), several training programs have been conducted. These programs included local and international workshops organized through coordination with the AML/CTF office.

Conclusion

The achievements of the first AML/CTF National Strategy demonstrate Iraq’s commitment to combating organized crime and money laundering. The country is poised to continue its efforts to strengthen its legal framework, improve its technical capabilities, and enhance international cooperation in this field.