Iraq's Corruption
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The Record

Timeline

This page lists the dated events on the site from 2003 to 2026, in the order in which they happened. Each event comes from one of the site's datasets and leads to its record: the start of a case, a sanction or a ban, a rule issued by the Central Bank, or a change in the legal status of a person or a company.

Each date is given only as precisely as the source gives it. It may be a day, a month or only a year.

The timeline holds 362 dated events: 98 case beginnings, 48 sanctions and enforcement actions, 82 Central Bank rules, 132 changes in the legal status of people and companies and 2 on how the new financial system was set up.

Kind of event
All 139Cases 32Sanctions and enforcement 16Central Bank rules 61Changes in legal status 30
Period
All years 48From 2010 to 2019 16From 2020 to 2026 32

2012

  1. 31 July 2012Enforcement action
    US Treasury: CISADA sanction (prohibition on US correspondent/payable-through accounts): Elaf Islamic Bank

2013

  1. 17 May 2013Sanction lifted
    US Treasury: Removal of CISADA sanction (delisted from Part 561 List): Elaf Islamic Bank

2016

  1. 8 January 2016Enforcement action
    Central Bank of Iraq: Barred from the foreign-exchange window and from dealing in dollars: Bank Melli Iran (Iraq branch); Parsian Bank (Iraq branch); Islamic Cooperation Bank for Investment (Islamic Regional Cooperation Bank, Iraq branch); plus about 60 exchange ("intermediation") companies, mostly Nineveh/Anbar/Kirkuk, and Al-Nibal Al-Arabia money-transfer co.
  2. 15 May 2016Enforcement action
    Central Bank of Iraq: Barred from dealing in dollars: Selselat Al Thahab (money transfer, Karbala); Al-Wa'eel (money transfer, Baghdad)
  3. 13 December 2016Enforcement action
    OFAC: SDGT designation: Selselat Al Thahab (money exchange); Hanifa Money Exchange Office

2017

  1. 15 June 2017Enforcement action
    OFAC: SDGT designation: Al-Kawthar Money Exchange (Al-Qa'im, Anbar)

2018

  1. 15 May 2018Enforcement action
    OFAC: SDGT designation: Al-Bilad Islamic Bank for Investment and Finance P.S.C.; its Chairman and Chief Executive Aras Habib Kareem
  2. 16 May 2018Enforcement action
    Central Bank of Iraq: Barred from the foreign-exchange window and dealing in dollars: Al-Ataa Islamic Bank (formerly Al-Bilad) for Investment & Finance
  3. 16 October 2018Enforcement action
    OFAC: SDGT designation (all branches worldwide): Parsian Bank (including Iraq branch)
  4. 17 October 2018Enforcement action
    OFAC: SDGT designation: Afaq Dubai (Iraq-based money services business)
  5. 13 November 2018Enforcement action
    OFAC: SDGT designation: Shibl Muhsin 'Ubayd al-Zaydi (and three Hizballah officials)

2019

  1. 15 April 2019Enforcement action
    OFAC: SDGT designation: Al-Ard Al-Jadidah Money Exchange Company
  2. 12 June 2019Enforcement action
    OFAC: SDGT designation: South Wealth Resources Company (Manabea Tharwat al-Janoob); Makki Kazim 'Abd al-Hamid al-Asadi; Muhammad Husayn Salih al-Hasani
  3. 10 September 2019Enforcement action
    OFAC: SDGT designation: Al-Khalidi Exchange; Saksouk Company for Exchange and Money Transfer; Al Haram Foreign Exchange Co.; Al-Hebo Jewelry Company
  4. 30 October 2019Enforcement action
    Central Bank of Iraq: Barred from the foreign-exchange window and dealing in dollars: Noor Iraq Islamic Bank for Investment & Finance
  5. 18 November 2019Enforcement action
    OFAC: SDGT designation: Sahloul Money Exchange Company; Tawasul Company; Al Sultan Money Transfer Company
Download:timeline.csv.xlsxrules_timeline.csv.xlsxenforcement.csv.xlsx