US prohibits Iraq-based bank from accessing US financial system

28 June 2024

US prohibits Iraq-based bank from accessing US financial system

Under s.311 of the USA Patriot Act, the US Financial Crimes Enforcement Network has prohibited (final rule) US financial institutions from opening or maintaining correspondent accounts for or on behalf of Al-Huda Bank and...

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor...

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