Iraq Takes Major Leap in Fighting Financial Crimes with AI-Powered Forensic Auditing

Groundbreaking Move to Combat Financial Crimes

In a significant step forward, the Government of Iraq has completed a series of comprehensive forensic auditing workshops, backed by the United Nations Development Programme (UNDP), to bolster the country’s capabilities in detecting and preventing financial crimes.

Workshop Highlights

• Over 200 participants from various government institutions, including auditors, lawyers, and IT experts
• Eight-week workshop series that concluded on February 29th
• Training in advanced forensic auditing techniques, including:
  • Data analytics
  • Digital forensics
  • Cybersecurity

Empowering Professionals to Combat Financial Crimes

“The workshop was an eye-opening experience that allowed us to share practical ideas and scientific methods for combating fraud and corruption,” said Dalal Abdul Rahman Yassin, Financial Controller at the Federal Boards of Supreme Audit.

• Collaborating with colleagues from other government agencies fostered a culture of shared understanding and joint problem-solving
• Workshops enabled participating organizations to develop a deeper understanding of global standards in forensic accounting and auditing

Building Trust and Confidence through Forensic Auditing

By empowering professionals with the tools needed to combat financial crimes effectively, the workshops have laid the groundwork for a safer and more prosperous future in Iraq.

• Haitham Sabah Hussein, Director Digital Auditing at the Federal Boards of Supreme Audit, emphasized the importance of scientific methods of detection and discovery of fraud
• UNDP’s Rule of Law/Security Sector Reform Programme aims to fortify the capabilities of various investigative bodies

Supporting Iraq’s Efforts in Building Trust and Confidence

The project has received generous funding from the US Bureau of International Narcotics and Law Enforcement Affairs (INL) since 2021, supporting over 700 investigating judges and prosecutors, police investigators, Commission of Integrity investigators, auditors, and financial analysts to effectively investigate and adjudicate complex financial crimes.

Conclusion

Iraq’s commitment to fighting financial crimes with AI-powered forensic auditing marks a significant step forward in the country’s journey towards a more transparent and accountable financial ecosystem. As the nation continues to build on this momentum, it is poised to create a safer and more prosperous future for its citizens.