IRAQ BACKGROUND CHECK

We are providing comprehensive background verification Services which are providing you a safeguard with risk management consultancy throughout the Iraq with strong network of professional, on-ground background screeners. We are rendering our compliance pertaining to our Services of checking the veracity of the information registered under various rules and regulations and these entities can record the authentic results of the background check.

Our ultimate goal is to find the facts behind the present proposal of association to take wise decision. We are providing you the background investigation Services in all over Iraq which is also including Ad-Dawr, Afak, Al-Awja, Al Diwaniyah, Al Hillah, Al-Qa’im, Amarah, Ar Rutba, Arbil, Baghdad, Baghdadi, Baiji, Balad, Baqubah, Basra, Dahuk, Fallujah, Haditha, Halabja, Hit, Iskandariya, Karbala, Khanaqin, Kirkuk, Kut, Mosul, Muqdadiyah, Najaf, Nasiriyah, Ramadi, Samarra, Samawah, Shamia etc. Kindly contact us on our email: info@gvs.ae to generate your query and we will revert you in stipulated time accordingly. Due to the sensitive nature of the Services all queries will dealt under strict confidentiality and under the influence of extreme ethical consideration.

General Information

GDP USD210.28bn (World ranking 47, World Bank 2012)
Population 32.58 million (World ranking 38, World Bank 2012)
Form of state Parliamentary Democracy
Head of government Nuri al-MALIKI
Next elections 2014

 

CURRENT LOCAL TIME

FILL TO DOWNLOAD SAMPLE REPORT

*Note: This is just a sample report. It may change according to your requirements and country

PRODUCTS IN IRAQ

Data Protection

Data Protection Laws Not Found

(Adopted on: 8 March 2004)

Article 71: The president of the republic enjoys the following powers:
(a) Issuing special amnesty, upon a recommendation from the prime minister, except crimes related to personal rights and those convicted in international crimes, terrorism, and financial and administrative corruption.

Article 47 Immunity, Removal
No judge or member of the Higher Juridical Council may be removed unless he is convicted of a crime involving moral turpitude or corruption or suffers permanent incapacity. Removal shall be on the recommendation of the Higher Juridical Council, by a decision of the Council of Ministers, and with the approval of the Presidency Council. Removal shall be executed immediately after issuance of this approval. A judge who has been accused of such a crime as cited above shall be suspended from his work in the judiciary until such time as the case arising from what is cited in this Article is adjudicated. No judge may have his salary reduced or suspended for any reason during his period of service.

Article 53 Kurdistan Regional Government
(A) The Kurdistan Regional Government is recognized as the official government of the territories that were administered by the government on 19 March 2003 in the governorates of Dohuk, Arbil, Sulaimaniya, Kirkuk, Diyala and Neneveh. The term “Kurdistan Regional Government” shall refer to the Kurdistan National Assembly, the Kurdistan Council of Ministers, and the regional judicial authority in the Kurdistan region.
(B) The boundaries of the eighteen governorates shall remain without change during the transitional period.
(C) Any group of no more than three governorates outside the Kurdistan region, with the exception of Baghdad and Kirkuk, shall have the right to form regions from amongst themselves. The mechanisms for forming such regions may be proposed by the Iraqi Interim Government, and shall be presented and considered by the elected National Assembly for enactment into law. In addition to being approved by the National Assembly, any legislation proposing the formation of a particular region must be approved in a referendum of the people of the relevant governorates.
(D) This Law shall guarantee the administrative, cultural, and political rights of the Turcomans, ChaldoAssyrians, and all other citizens.

Police Background Check Procedures

Iraq has no criminal record register and conviction information is not available

Iraq – Know Your Customer (KYC) Rules

Iraq‘s economy is primarily cash-based, and there is little data available on the extent of money laundering in the country. Smuggling is endemic, often involving consumer goods, cigarettes, and petroleum products. Bulk cash smuggling, counterfeit currency, trafficking in persons, and intellectual property rights violations are major problems. Ransoms from kidnappings and extortion are often used to finance terrorist networks. Credible reports of counterfeiting abound. Trade-based money laundering, customs fraud, and various means of value transfer are found in the underground economy. Hawala networks, both licensed and unlicensed, are widely used for legitimate and illicit purposes. Corruption is a major challenge and is exacerbated by weak financial controls in the banking sector and weak links to the international law enforcement community. U.S. dollars are widely accepted and are used for many payments made by the U.S. government, as well as foreign assistance agencies and their contractors.

Iraq has four free trade zones (FTZs): the Basra/Khor al-Zubair seaport; Ninewa/Falafel area; Sulaymaniyah; and al-Qaim, located in western Al Anbar province. Under the Free Trade Zone Authority Law, goods imported or exported from the FTZs are generally exempt from all taxes and duties, unless the goods are to be imported for use in Iraq. Additionally, capital, profits, and investment income from projects in the FTZs are exempt from taxes and fees throughout the life of the project, including the foundation and construction phases. Value transfer via trade goods is a significant problem in Iraq and the surrounding region. Iraq is investigating the application of a new customs tariff regime.

KNOW-YOUR-CUSTOMER (KYC) RULES:

Enhanced due diligence procedures for PEPs:

A PEP is an abbreviation for Politically Exposed Person, a term that describes a person who has been entrusted with a prominent public function, or an individual who is closely related to such a person. The terms PEP, Politically Exposed Person and Senior Foreign Political Figure are often used interchangeably

    • Foreign PEP: NO
    • Domestic PEP: NO

Iraq – KYC covered entities

The following is a list of Know Your Customer entities covered by Iraqi Law:

    • Banks
    • Investment fund managers
    • Life insurance companies and those which offer or distribute shares in investment funds
    • Securities dealers
    • Money transmitters, hawaladars, and issuers or managers of credit cards and travelers checks
    • Foreign currency exchange houses
    • Asset managers, transfer agents, investment advisers, securities dealers
    • Dealers in precious metals and stones

Iraq – Suspicious Transaction Reporting (STR) Requirements:

Number of STRs received and time frame: 43 in 2011

Number of CTRs received and time frame: 1,320 in 2011

The following is a list of STR covered entities covered by Iraqi Law:

    • Banks
    • Investment fund managers
    • Life insurance companies and those which offer or distribute shares in investment funds
    • Securities dealers
    • Money transmitters, hawaladars, and issuers or managers of credit cards and travelers checks
    • Foreign currency exchange houses
    • Asset managers, transfer agents, investment advisers, securities dealers
    • Dealers in precious metals and stones

MONEY LAUNDERING CRIMINAL PROSECUTIONS/CONVICTIONS:

Prosecutions: None
Convictions: None

ENFORCEMENT AND IMPLEMENTATION ISSUES AND COMMENTS:

Although the only anti-money laundering statute in Iraq, CPA Law 93, AML Act of 2004, is broad enough to reach even beyond serious crime, the criminalization under CPA Law 93 is only that of a misdemeanor. Iraq does not prosecute cases under this law because the law does not effectively criminalize money laundering.

Iraq‘s legal framework needs to be strengthened, either by amendment or by drafting of new AML/CFT legislation. Iraqi ministries need to support a viable AML/CFT regime with cooperation across ministries. Investigators, prosecutors, and judges all need support from their leadership to move more aggressively in pursuing AML/CFT cases. Prosecutors and investigators are frustrated when judges do not pursue their cases; similarly, judges claim the cases they receive are of poor quality and not prosecutable. Senior-level support and increased capacity for all parties are necessary to ensure AML/CFT cases can be successfully prosecuted in Iraq. In addition, the lack of implementing legislation, weak compliance enforcement by the Central Bank of Iraq (CBI), and the lack of support to the Money Laundering Reporting Office (MLRO), Iraq‘s financial intelligence unit, undermine Iraq‘s ability to counter terrorist financing and money laundering.

The CBI generally does not support the MLRO. The MLRO has adequate staffing but lacks training, computer equipment, and software to receive, store, retrieve, and analyze data from the reporting institutions. Without a database, the MLRO staff must process the data received manually. The MLRO is empowered to exchange information with other Iraqi and foreign government agencies. Historically the MLRO received little support from Iraqi law enforcement, but that changed in 2011 because the MLRO has added value to many of their investigations. The Government of Iraq should ensure the MLRO has the capacity, resources, and authorities to serve as the central point for collection, analysis, and dissemination of financial intelligence to law enforcement and to serve as a platform for international cooperation.

Regulation and supervision of the formal and informal financial sectors are still quite limited and enforcement is subject to political constraints, resulting in weak private sector controls. In practice, despite customer due diligence requirements, most banks open accounts based on the referral of existing customers and/or verification of a person‘s employment. Actual application of the rules varies widely across Iraq‘s 45 state-owned and private banks. Also, rather than file STRs in accordance with the law, most banks either conduct internal investigations or contact the MLRO, which executes an account review to resolve any questionable transactions. In practice, very few STRs are filed.

Iraq should become a party to the UN Convention for the Suppression of the Financing of Terrorism.

Risk

Sovereign risk

The sovereign risk rating reflects the high-risk political climate, as illustrated by the sweeping territorial gains made in northern and western Iraq by Islamic State (IS), an extreme jihadi group, since June 2014. The rating also reflects a heavy reliance on oil exports for fiscal and export revenue. Lower oil prices will pose a serious challenge to the public finances in 2015‘16, as can be gauged from the build-up of arrears owed to international oil firms operating in Iraq.

Banking sector risk

Iraq does not have a developed banking sector and, in general, banks suffer from poor asset quality and low capitalisation. There will be ongoing efforts to improve banks’ ability to meet capital requirements. The rise in insecurity may deter foreign banks from entering Iraq or prompt those already there to leave, thus slowing the development of the sector.

Political risk

Nearly one-third of Iraq is under IS control, although US military support for Iraqi and Kurdish forces is turning the momentum against the group in some areas. Downside risks remain from a deep divide between the country’s Sunni Arab population and the Shia-dominated government. The Kurdistan Regional Government’s peshmerga forces are unlikely to relinquish control over territory recaptured from IS, including areas disputed with the central government.

Economic structure risk

Iraq’s economy is highly dependent on oil and thus faces the painful challenge of sharply lower oil prices in 2015. The lower oil price will drive large budget and current-account deficits in 2015. Diversifying the economy will be slow, owing to corruption, insecurity and deficiencies in infrastructure.

Travel Risk

Security

The decision to travel is your responsibility. You are also responsible for your personal safety abroad. The Government of Canada takes the safety and security of Canadians abroad very seriously and provides credible and timely information in its Travel Advice. In the event of a crisis situation that requires evacuation, the Government of Canada’s policy is to provide safe transportation to the closest safe location. The Government of Canada will assist you in leaving a country or a region as a last resort, when all means of commercial or personal transportation have been exhausted. This service is provided on a cost-recovery basis. Onward travel is at your personal expense. Situations vary from one location to another, and there may be constraints on government resources that will limit the ability of the Government of Canada to provide assistance, particularly in countries or regions where the potential for violent conflict or political instability is high.

Insurgency

Following attacks on Mosul and other cities in northern Iraq, and threats of attack on Baghdad by extremists, the security situation in Iraq has become extremely volatile and could deteriorate with little or no notice.

Extremist insurgents led by the Islamic State of Iraq and the Levant, (ISIL) have threatened to push to Baghdad and regions further south. Attacks in KRG-controlled towns to the southwest of Erbil occurred in early August 2014. Following the start of targeted airstrikes against ISIL in northern Iraq by coalition forces, there are heightened threats of attacks against Western interests and of kidnapping Westerners.

If you are currently in Iraq, consider departing by commercial means if it is safe to do so. Monitor local news reports and instructions from local authorities closely, and remain alert to your surroundings at all times.

Since March 2013, the number and intensity of security incidents and sectarian-related violence have increased across Iraq. Popular targets include Iraqi security forces, government offices and large public gatherings.

Potential Arab-Kurd violence is also of concern. Iraq’s internal stability is further undermined by the ongoing political situation, in which government officials compete for power along ethnic and sectarian lines.

Car bombings, vehicle ambushes and mortar and rocket attacks occur periodically across the country, including in Baghdad and the International Zone (IZ) of Baghdad, resulting in numerous fatalities. These attacks are coordinated, and result in many casualties among bystanders. The risk of being in the wrong place at the wrong time remains high.

Be extremely confident in your security arrangements, assess the risks of travelling in Iraq, monitor local developments closely and register with the Embassy of Canada to Jordan in Amman. Due to the unpredictable security situation, the Government of Canada’s ability to provide consular assistance in all parts of Iraq is severely limited.

Curfews may be imposed on short notice.

Armed clashes between Iraqi security forces and militants have been taking place in the province of Anbar since the beginning of 2014, with the most severe fighting concentrated in Fallujah and Ramadi. Numerous casualties have been reported and thousands of residents have fled the province.

Sectarian violence and terrorist activity have increased since early 2013 in the provinces of Nineveh, Salaheddin and Diyala, including frequent improvised explosive device attacks.

KRG-controlled provinces of Dahuk, Erbil and Sulaymaniyah

Areas under KRG control have been less affected by violence and terrorism than other parts of Iraq, but nonetheless remain vulnerable to the impacts of both regional instability and internal tensions. Extremist insurgents led by ISIL are responsible for attacks on KRG-controlled areas, including towns southwest of Erbil. If you are in the Kurdistan region, you should take precautions to leave areas close to the conflict. Exercise a heightened level of vigilance and plan your security measures accordingly.

Given the very volatile security situation, you may be refused entry into KRG-controlled areas from border points in Iraq.

Threats to foreigners

The threat to foreigners is very high; foreigners present a prime kidnapping target for criminal and terrorist groups hoping to extort money.

Stay in secure, guarded accommodations, travel with close protection teams at all times and take all necessary security precautions if you decide to travel to Iraq. You are strongly advised to consider employing a professional security company and to adhere to their advice for the duration of your stay. You are also strongly advised to acquire comprehensive travel and medical insurance before travelling.

Demonstrations

Demonstrations and retaliatory attacks are common throughout the country, and typically result in deaths and injuries. There is greater unrest in the western and northern provinces due to ongoing Sunni protests and increased militant activity. Avoid all demonstrations and large gatherings, follow the advice of local authorities and monitor local media.

Crime

Crime and corruption are rampant. Carjackings and robberies are common. Security conditions deteriorate after nightfall in most areas. Violent conflicts involving organized criminal elements, street gangs, militant groups, rival militias and Iraqi security forces pose grave dangers.

Checkpoints

Security checkpoints have proliferated in Baghdad and in other parts of Iraq. Be very respectful and cooperate fully at security checkpoints. An Iraqi police or army uniform is not a guarantee that the wearer is operating in an official capacity. Exercise particular caution at ad hoc checkpoints, where murders, kidnappings and robberies frequently occur.Border areas

Avoid travelling to border areas. Iraqi forces are attempting to contain the effects of the deteriorating security situation in Syria, and Kurdish rebel groups are frequent targets of military operations into Turkey and northwest Iran. You may encounter serious problems with local authorities when crossing porous borders.

Women’s safety

Consult our publication entitled Her Own Way: A Woman’s Safe-Travel Guide for travel safety information for Canadian women.

Road travel

Motorists frequently disobey traffic rules, including traffic lights, yielding to pedestrians at crosswalks and yielding the right of way. Speeding and tailgating are common practices.

Due to the country’s high liability risk, it is difficult to obtain car insurance.

Travel by road is not safe. Although travel at night is especially dangerous, attacks are also common during the day.

The road leading to the Baghdad International Airport has been targeted by several attacks.

Buses run irregularly and routes are subject to frequent changes. Rundown transit vehicles are frequently involved in accidents.

Rail travel

Avoid travelling by rail, as the railroad is old and poorly maintained.

Air travel

See Transportation Safety in order to verify if national airlines meet safety standards.

General safety information

Curfews may be imposed on short notice throughout the country. Monitor local media in order to stay informed of changes.

Carry photo identification as well as a legally certified copy of your visa and registration at all times. Keep your passport and visa in safekeeping facilities.

Telecommunications services are very poor or non-existent in remote areas. Cellular network coverage is widespread in major cities.

Summary

Iraq GDP Last Previous Highest Lowest Unit
GDP 222.88 215.84 222.88 1.70 USD Billion
GDP Annual Growth Rate 4.21 10.29 54.16 -56.40 percent
GDP Constant Prices 10452400.00 64872786.30 64872786.30 1105299.00 IQD Million
Gross National Product 191417039.50 144649845.50 191417039.50 20594974.80 IQD Million
GDP per capita 2505.39 2472.22 3452.99 228.18 USD
GDP per capita PPP 14704.26 14509.58 14704.26 7017.48 USD
TOP
Translate »

Subscribe For Latest Updates

You will receive interesting updates about Background Screening

We will not leak your personal information