Financial Crime World

Title: Iraq Launches Groundbreaking Financial Investigations Handbook in Response to Surge in Financial Crimes

Date: November 27, 2023

Location: Baghdad, Iraq

In an effort to strengthen its stance against financial crimes and uphold the rule of law, Iraq recently unveiled a groundbreaking Financial Investigations Handbook. This new handbook, which aims to enhance the effectiveness of financial investigations across the country, represents a significant milestone in Iraq’s continuing endeavors to adopt and enforce international standards for countering money laundering and terrorism financing.

Chief Justice Faeq Zaidan at the Financial Investigations Handbook launch ceremony

Key Highlights

  • Iraq introduces a landmark financial investigations handbook to strengthen its ability to tackle financial crimes
  • The handbook, a collaboration between UNIROL and the Iraqi Ministry of Justice, covers various topics related to financial investigations, money laundering, terrorism financing, and asset recovery
  • His Excellency Dr. Faeq Zaidan, the Chief Justice of the Supreme Judicial Council, commended the initiative at the launch ceremony

Nation’s Commitment

The launch ceremony, graced by Dr. Faeq Zaidan, highlighted the importance of the handbook for Iraq’s investigative bodies. The Chief Justice expressed his admiration for the initiative and touched upon the nation’s achievements in confiscating assets derived from money laundering crimes as evidence of Iraq’s commitment to global standards.

About the Financial Investigations Handbook

The Financial Investigations Handbook is designed to support investigators, prosecutors, and judges in conducting thorough financial investigations. It covers the following crucial areas:

  1. Financial investigations
  2. Money laundering
  3. Terrorism financing
  4. Asset recovery

Increasing Financial Crimes in Iraq

With the growing trend of financial crimes – including money laundering and terrorism financing – in Iraq, the handbook is expected to significantly strengthen the capacity of Iraqi investigators and law enforcement agencies. This critical boost will allow them to effectively address these unlawful activities and protect the integrity of the nation’s financial system.

International Collaboration

As part of its ongoing commitment to international best practices, Iraq is actively seeking partnerships and support from the international community to strengthen its efforts in the fight against financial crimes. The Financial Investigations Handbook represents a significant step towards this goal.

To learn more about Iraq’s ongoing efforts in combating financial crimes, explore the following resources: