These banks smuggle over a hundred million dollars of financial resources to Iraq, Syria, Jordan, and other countries every week.
Those 15 banks are under the control of prominent political leaders of Iraq. According to the conclusion of Le Figaro, by boycotting 15 banks, the United States deprived IRGC of one of its important financial sources.
The Central Bank of Iraq sells dollars to private banks every day, and these banks transfer the received dollars to Iran.
According to an expert from Iraq, the banks subject to sanctions are a showcase of the IRGC, which harms their country's national interests and economy through smuggling operations.