Political and economic Iraqi circles confirm the presence of extensive money-laundering operations in Iraq. Weak monitoring systems and political conflicts of interest, however, prevent the exposure of these operations. These same circles noted that talk of Iraq’s role in the laundering of Syrian money needs compelling evidence to be substantiated.
Ahmad al-Jabouri, a member of the Integrity Committee in the Iraqi parliament, said in a statement to Al-Monitor that the amount of money subject to laundering operations are around “20% of Iraq’s investment budget.” Iraq’s 2013 general budget is more than $115 billion, $46 billion of which are investment expenditures. According to Jabouri, money-laundering operations make up $9 billion per year.