Iraq central bank freezes accounts of 33 entities over financial suspicions
Iraq's central bank has suspended banking transactions for 33 entities, including 14 individuals and 19 companies, pending investigations into financial irregularities.
Iraq's central bank has frozen banking transactions for 33 entities, comprising 14 individuals and 19 companies, due to financial irregularities under investigation. The suspension, currently indefinite, requires banks and non-banking financial institutions to cease any dealings with the listed accounts. The affected entities span sectors including oil, trade, transport, and financial services.
The central bank has not specified the duration of the restrictions. It emphasized that the freeze will persist until a thorough investigation concludes the suspected financial activities of the targeted entities. Non-compliance with the freeze order could result in legal repercussions.
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