Iraqi economist Manar Al-Obaidi has cautioned that Iraq risks being added to the Financial Action Task Force’s (FATF) blacklist if it fails to adhere to the organization’s anti-money laundering and counter-terrorism financing standards. The warning underscores the critical nature of Iraq’s recent agreement with the FATF to implement necessary financial reforms. A listing on the FATF blacklist would severely damage Iraq’s international financial standing, hindering foreign investment and trade. Al-Obaidi emphasized the strategic importance of full cooperation with the FATF to avoid economic repercussions. The move comes as Iraq attempts to stabilize its economy and integrate further into the global financial system. Failure to comply could lead to increased scrutiny of financial transactions and further economic hardship.