Iraq is NOT on the WHITE LIST when in fact FATF states that they have FOUR MORE REQUIREMENTS LEFT.
There was an article on Iraq getting on the "White List" with FATF.
Although the article stated January 2017, a number of posts indicated that it had already happened.
However, in reviewing the FATF website today, it had no reference as to when Iraq would get on the "White List," only the four remaining steps required.
Here is the statement posted on FATF's website:
In October 2013, Iraq made a high-level political commitment to work with the FATF and MENAFATF to address its strategic AML/CFT deficiencies. Since June 2016, Iraq has taken steps towards improving its AML/CFT regime, including by: addressing remaining issues related to its criminalization of money laundering and terrorist financing; establishing a legal framework and procedures for identifying and freezing terrorist assets; and ensuring a fully operational and functioning financial intelligence unit. Iraq should continue to implement its action plan to address its remaining deficiencies, including by:
(1) implementing the legal framework and appropriate procedures for identifying and freezing terrorist assets;
(2) ensuring that all financial institutions are subject to adequate customer due diligence requirements;
(3) ensuring that all financial institutions are subject to adequate suspicious transaction reporting requirements; and
(4) establishing and implementing an adequate AML/CFT supervisory and oversight programme for all financial sectors. The FATF encourages Iraq to continue implementing its action plan to address its remaining AML/CFT deficiencies.