By Ahmed Rasheed and Timour Azhari Fourteen Iraqi private banks hit with curbs by the US over allegedly helping siphon dollars to Iran said on Wednesday they were ready to challenge the measures and face audits and called on Iraqi authorities to provide assistance. U.S. financial authorities last week barred 14 Iraqi banks from conducting…
AML, Banking, MEA, Regulatory, US
NEWS: Iraqi banks hit with dollar ban say they are ready to challenge measures

CRACKDOWN: U.S. financial authorities last week barred 14 Iraqi banks from conducting dollar transactions as part of a wider crackdown on dollar smuggling to Iran via the Iraqi banking system, Iraqi central bank officials have said. Our file photo shows a helicopter fly over Iraq's Fort Tarik at the Iraq-Iran border.