Iraq’s Rafidain Bank, US firm team up to combat ‘terrorist financing’

Iraq's state-owned Rafidain Bank has come under fire from US lawmakers after US media published a report on Thursday revealing that the US Treasury in April had accused the bank of processing payments for Houthi militants at its branch in the Yemeni capital of Sanaa.

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Iraq’s state-owned bank says cards ‘operating fully and normally’

“Rafidain Bank urges citizens not to be swayed by malicious rumors and to rely exclusively on news and updates from the bank's official sources,” read a statement.

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Iraqi finance ministry refutes claims of withdrawing citizens’ bank deposits

Iraq's Ministry of Finance has denied allegations that it withdrew citizens’ deposits from Rafidain and Rasheed banks, clarifying that only sovereign funds were relocated as part of routine budgetary procedures.

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Iraq’s Sudani urges Rafidain, Rasheed banks to ‘accelerate’ reform

Iraqi PM Sudani on Sunday followed up on reform procedures for Rafidain and Rasheed banks in a meeting also attended by representatives of the Ernst & Young, urging both banks to “accelerate” the process

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Rafidain Bank enforces passport requirement for international transactions amid US pressure

For the first time, Rafidain Bank is requiring its customers to provide a passport for Mastercard and Visa Card transactions abroad, raising many questions among experts and concerned individuals. This comes amid reports of pressure on the bank from the US, accusing it of smuggling dollars to Iran and supporting armed factions.

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