Iraq central bank freezes accounts of 33 entities over financial suspicions

Iraq's central bank has frozen banking transactions for 33 entities—14 individuals and 19 companies—over suspicions related to their financial dealings. The measure will remain in effect until further notice, pending the completion of investigations into those named in the decision.

In an official directive, the central bank instructed banks and non-banking financial institutions to "refrain from any dealings whatsoever" with the accounts of the individuals and companies listed in the order.

The list includes companies operating in the oil, trade, transport, and financial services sectors. The bank did not specify how long the restrictions on the accounts would remain in place.

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The central bank clarified that the freeze will continue until a comprehensive investigation is completed into the suspected financial transactions of the affected entities, with the decision remaining in force until further notice.

The bank also warned against violating these instructions, stressing that any party failing to comply with the freeze order will face legal consequences.