People & Institutions
Al-Huda Bank and seven other banks barred 29 January 2024
مصرف الهدى وسبعة مصارف أخرى
This page sets out what the documents in this archive record about this bank: the legal status on the date shown, the cases, the official registers and the sources.
Legal status as of 4 October 2026
Disciplined by an official body
Fined, suspended or otherwise punished by an administrative body.
What the documents say
Barred by the Central Bank of Iraq from USD dealing effective 29 January 2024 (administrative ban, not a court finding).
- Kind
- Bank
- Roles
- banks
Cases
These are the cases in this archive that name this entry, with the status in each case on the date shown.
| Case | Role | Status in this case | Detail | As of |
|---|---|---|---|---|
| US-driven dollar restrictions and Central Bank of Iraq bans on Iraqi banks (from 2022 to 2026) | banks | Disciplined by an official body | Barred by the Central Bank of Iraq from USD dealing effective 29 January 2024 (administrative ban, not a court finding). | 25 September 2026 |
Documents
No document is filed under this entry itself. These are the documents of the cases that name it. Each quote is given in the language of the document.
- Central Bank of Iraq4 February 2024Government statementTier A
قائمة المحرومين من التعامل بعملة الدولار الأمريكي (list created 4 Feb 2024)
OriginalSHA-256 e133e1786473Investment Bank of Iraq BIQ012/2 بغداد Baghdad 29 1 2024
Investment Bank of Iraq BIQ012/2 بغداد Baghdad 29 1 2024
- US Department of the Treasury9 October 2025Sanctions noticeTier A
Treasury Takes Aim at Iran-Backed Militia Groups ... (sb0277)
OriginalSHA-256 2012e8116a41OFAC is designating three Iraqi bank executives today for abusing their positions within Iraq’s commercial banking sector
uses a sub-contracting method to divert funds from Iraqi government contracts
- The Wall Street Journal (full text reprinted by To Vima)31 May 2025Press report (unnamed source)Tier C
Needing Dollars, Iran-Backed Militias Turn to Visa and Mastercard (David S. Cloud)
OriginalIraq was a minor market for Visa and Mastercard a couple of years ago, generating just $50 million a month or less in cross-border transactions at the start of 2023. ... In recent days, Treasury formally asked the Iraqi central bank to block the more than 200,000 cards used by militia members due to fraud concerns.