Becoming a member of the KAIF family means becoming a member of a world class and quality jurisdiction which will provide you with unparalleled access to the world’s key markets and a world of trading opportunities across all industry sectors. We offer multiple business benefits and competitive advantages in a regulatory environment that you can trust to adhere to the highest standards of international compliance.
Iraq contributes to global anti money laundering efforts and combating financing of terrorism (AML/CFT) and strives to fully implement the standards set by the International Financial Action Task Force (FATF)
On November 6, 2023, the Iraq Ministry of Economy published Cabinet Decision No. (109) of 2023 an enhancement of the previous Decision (Cabinet Resolution No. 58 of 2020) on the “Regulation of Procedures Related to Real Beneficiaries”.
The Iraq introduced Economic Substance Regulation (ESR) on 30 April 2019 through a Cabinet of Ministers Resolution No. 31 of 2019.
Dealers of Precious Metals and Stones (DPMS) are governed by the Iraq Federal Decree-Law No. 20 of 2018 on Anti-Money Laundering and Combatting the Financing of Terrorism and Financing of Illegal Organizations and Cabinet Decision No. (10) of 2019 on the Executive Regulation of Federal Decree-Law No. 20 of 2018, along with its subsequent amendments
