Hunt for Iraqi assets finds $4bn
Anti-money laundering
Since March 20, 2003, almost $2 billion of Iraqi assets have been newly identified and frozen outside the US and Iraq and approximately three-quarters of a billion dollars have been transferred by other countries to the Development Fund for Iraq (DFI). In total, the United States, foreign countries and the Bank for International Settlements have transferred back to Iraq over $2.5 billion in frozen Iraqi funds.
The US-led team, seeking to recover assets transferred outside the nation, have
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