International Development Bank for Investment and Finance

Iraqi commercial bank

Appears in 1 story · Last updated Oct 19, 2026

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US sanctions Iran-linked Iraqi bank and shadow financiers

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Designated by OFAC on October 15, 2026

The US Treasury on October 15 sanctioned an Iraqi bank that it says channeled US dollars to Iran. The International Development Bank for Investment and Finance (IDB) collected monthly profits in US currency and sent them to Tehran, according to the department.

Updated Oct 19