The Iraqi government has implemented new banking sanctions targeting individuals and entities connected to ISIS financing networks and Lebanese Hezbollah, acting in alignment with United States Treasury Department directives.

According to an official document from the Iraqi Ministry of Finance, the decision is based on recent actions by the US Treasury’s Office of Foreign Assets Control (OFAC) and US counter-terrorism measures. The directive has been officially circulated to all Iraqi financial departments, banks, and state-owned companies for immediate implementation.

The measures hit three individuals and six entities operating across Europe, the Middle East, and West Africa accused of facilitating money transfers for ISIS. Additionally, they target numerous organizations linked to Hezbollah’s financial and logistical support networks.

The announcement coincided with Iraqi Prime Minister Ali al-Zeidi’s official visit to Washington, D.C., where he met with US President Donald Trump. During the visit, Zeidi emphasized that the US is Iraq’s most important strategic partner.

PM Zeidi highlighted that following the scheduled withdrawal of coalition forces on September 30, no independent armed militias will be permitted in Iraq. He noted that the government is already collecting weapons from various groups and asserted that Iraqi security forces are fully capable of protecting the nation’s territory.