Expert explains Iraq financial sanctions
Iraqi economic circles are discussing the repercussions of the U.S. tightening sanctions on financial institutions linked to Iran, amid challenges related to balancing trade relations with Tehran and compliance with American laws. According to an expert, previous sanctions were a result of actual violations, and regulatory measures, such as the Oliver Plan, have helped increase transparency in the Iraqi banking sector. Compliance with U.S. laws requires restricting financial operations and standardizing procedures, while managing relationships carefully to protect Iraq's economic interests without exposing its financial sector to sanctions—especially as Washington continues to pressure financial institutions connected to Iran.
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