Money Laundering in Iraq

in Business Risk

In 2013, a member of the Iraqi Parliament stated that up to 20 percent the country’ investment budget was subject to money laundering. According to calculations conducted by Al Monitor, the amount of money laundering that takes place in Iraq is $9 Billion per year.

(More money laundering examples.)

Source: Omar al-Shaher, “Iraqi Official Estimates Money Laundering to Be in the Billions,” Al-Monitor, August 21, 2013.

Previous post:

Next post: