The impact of the currency sale window on the money laundering process in Iraq for the period (2004-2022)

The issue of the foreign currency auction is of great importance to economists, and it is one of the monetary policy tools used by the Central Bank. Since the Central Bank of Iraq is the central market for foreign currency and uses a managed float system, the currency sale window was implemented on April 10, 2004 and is still operating until now. . The window was created to reduce fluctuations in the value of the Iraqi dinar against the US dollar. The currency selling window was a legitimate gateway to money laundering operations, through forged transactions and documents that contained the names of people who had no connection to such business and the transfer of large sums of money outside Iraq. Therefore, the Central Bank of Iraq took measures to limit money laundering operations by working on the platform. Electronic technology which contributed to reducing corruption and money laundering operations .