⚠️ “Reform or Risk? Rafidain Bank Signs U.S. Deal Amid Sanctions Threat” 🇮🇶🇺🇸

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⚠️ “Reform or Risk? Rafidain Bank Signs U.S. Deal Amid Sanctions Threat” 🇮🇶🇺🇸 – Major Move Sparks Congressional Backlash (8/15/2025)

🔗 Read Full Report

🔑 Key Highlights:

🤝 Rafidain Bank Signs Strategic Agreement with K2 Integrity

Announced in Washington, this partnership brings in U.S. oversight and aims to modernize Iraq’s banking sector through:
• Anti-money laundering + anti-terror finance protocols
• Global-standard compliance systems
• Stronger regulatory frameworks for all Iraqi banks

🗣️ Bank’s Statement:

“This is a qualitative leap in Iraq’s banking reform. It will build global trust and expand cooperation.”

🌍 Part of Iraq’s Long-Term Strategy

Reinforces Baghdad’s commitment to becoming a regional financial center, aligned with international best practices.

🚨 BUT… U.S. Congressman Responds with Accusations

🇺🇸 Rep. Joe Wilson:

Accused Rafidain Bank of dealings with Houthi militants in Yemen – labeling them a terror group.

💬 Wilson’s Threats:
• Push for cutting U.S. financial support to Iraq
• Urging the

Read also: Must Read for Anyone Exchanging Foreign Currencies and/or Redeeming Zim Bonds

U.S. Treasury to impose sanctions

“We cannot allow U.S. taxpayer dollars to support institutions with terrorist ties.”

⚠️ The Fallout:
This controversy could delay international trust, affect future funding, and test Iraq’s reform credibility—just as global confidence was beginning to rise.