Financial Crime World

Iraq’s Finance Industry Under Siege: Cybercrime Epidemic Spreads Unchecked

A Law with Excessive Powers

Baghdad - The Iraqi government has introduced a cybercrime law that has sparked widespread concern among critics, who argue it will give the government excessive powers to monitor and punish individuals for their online activities. The law aims to combat cybercrime in Iraq’s finance industry, but many experts believe it will have a chilling effect on freedom of expression and the press.

The Proposed Law

Under the proposed law, individuals who use computers or information networks to harm the country or engage in dangerous activities can face severe penalties. Article 22 imposes temporary imprisonment and fines of up to 30 million dinars on those who establish, manage, or support websites that promote “immorality or indecent content” or advocate for such content.

Concerns Raised by Experts

Iraqi journalist and human rights activist Akram Al Sayyab has raised concerns about the draft law, stating that it lacks “legal professionalism” and leans heavily towards a “police-oriented approach.” Without clear definitions of what constitutes an offense, concepts like “social principles or values” could be used to prosecute individuals exercising their right to freedom of expression and criticism.

A Chilling Effect on Open Discourse

The broad scope of what is deemed an offense and the harsh penalties imposed may have a chilling effect on open discourse and discussion online. Even those who mention any of these “values and principles” may face accusations under the law.

Threat to Freedom of Press and Expression

The cybercrime draft law poses a significant threat to freedom of the press and freedom of expression in Iraq’s finance industry, which is already struggling to recover from years of corruption and instability. The law’s passage could further erode trust in the government and hinder efforts to promote transparency and accountability in the sector.

A More Balanced Approach Needed

As Iraq continues to grapple with the challenges posed by cybercrime, experts warn that a more balanced approach is needed to protect both individuals’ rights and the country’s financial interests.