US ambassador hails efforts to recover Iraq’s smuggled funds
US ambassador to Iraq said on Wednesday his country had exerted efforts to recover funds smuggled from Iraq under Saddam Hussein regime.
Addressing reporters at the US embassy in Baghdad, Ambassador Douglas Silliman added some of those funds that were hidden were recovered.
“Washington has been working for several years to determine where Iraqi money went in the time of the former regime,” Silliman said.
“In the past 13 years, some of the money that has been hidden has been returned to the government and the people,” he said, adding that “there are dialogues with the Foreign Ministry to recover the smuggled money.”
“There are funds left in some countries and their laws do not allow the recovering of funds because the bank accounts are not known,” he said, noting that “this is one of the priorities of Iraqi Foreign Minister Ibrahim al-Ja’fari, and we work with him to recover funds as much as possible.”
Source: The Baghdad Post