CHAOS IN IRAQI KURDISTAN MEANS ALL OUTBOUND TRANSFERS ARE HIGH-RISK

Eyewitnesses in the Kurdish-controlled region of Iraq (KRG) report that the conflict with ISIS has resulted in a total lack of governmental control mechanisms in place. Arms trafficking, human smuggling, corruption, smuggling into Turkey, of ISIS oil, by middlemen, and money laundering, have all expanded exponentially.

It is suggested that you reject any and all large wire transfers originating in the KRG region, until the situation stabilizes. Otherwise, you may be transferring either criminal proceeds, or terrorist funds.