By John Lee. The US Treasury Department has sanctioned Iraq's Al-Huda Bank, and its owner and Chairman, Hamad al-Moussawi. On Monday, the Department's Financial Crimes Enforcement Network (FinCEN) said the bank, "serves as a conduit for terrorist financing, as a foreign financial institution of primary money laundering concern." Along with its finding, FinCEN proposed imposing
By John Lee. Erbil Chamber of Commerce and Industry has reportedly issued a statement urging traders in the Kurdistan Region of Iraq to "suspend" the purchase of Iranian products in protest of the Islamic Revolutionary Guard Corps (IRGC) missile strikes on a private residence in Erbil. The attacks killed at least four civilians, including two
By John Lee. The United States has imposed sanctions on the Iraqi airline Fly Baghdad, and on its CEO, Basheer Abdulkadhim Alwan al-Shabbani. In a statement on Monday, the Department of the Treasury's Office of Foreign Assets Control (OFAC) said the airline, "provid[ed] assistance to the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and its proxy
By John Lee. Another prominent Iraqi entrepreneur and investor is reported to have been killed in the recent attack by Iran's Islamic Revolutionary Guard Corps (IRGC) on targets in Erbil. Syriac Press, which covers, "events related to the Syriac-Aramean-Assyrian-Chaldean people [in the region]", said: "Among those killed was Chaldean-Syriac-Assyrian businessman Karam Mikhail. Mikhail was visiting
By John Lee. Local sources in Iraqi Kurdistan have said that one of the region's most prominent business leaders was killed in last nights attack by Iran's Islamic Revolutionary Guard Corps (IRGC) on targets in Erbil. In a statement on X (formerly Twitter), the Kurdistan Democratic Party's (KDP) Foreign Relations Office said: "Initial reports indicate