Correspondent Readiness · Iraq
Infraengineering is an EU-based, independent advisory practice helping Iraqi banks demonstrate compliance and governance — to correspondent banks, to the Central Bank of Iraq's reform program, and to international standards.
The Moment
In July 2026, the Central Bank of Iraq and the U.S. Treasury reached an understanding that created, for the first time, a phased rehabilitation track for Iraqi banks: completion of the first phase of the CBI's banking sector reform and relicensing program restores access to non-dollar correspondent channels, and completion of the remaining compliance and governance requirements restores eligibility for U.S. dollar transactions.
The gate at every phase is the same: evidence. Not policies on paper, but demonstrable, independently verifiable proof — of screening, of beneficial-ownership transparency, of governance in operation, of record integrity. Banks that can produce that evidence move forward. Banks that cannot, wait.
What We Do
We work alongside a bank's management, compliance function, and counsel — never in their place — to close the gap between what a bank does and what it can prove.
A structured assessment of the bank's compliance and governance reality against the CBI's reform standards and the expectations of international correspondent banks. The deliverable is a prioritized gap register: what an assessor will flag, ranked by severity and remediation effort.
The bank's controls, governance, and record integrity assembled into due-diligence-ready form — the file a relationship manager places in front of a correspondent's compliance committee to open or defend a relationship.
Sequenced roadmap and ongoing advisory while the bank's own team and counsel execute — with evidence captured in evaluation-ready form at every step, so progress is provable, not just reportable.
We provide independent assessment and advisory. Binding legal instruments and regulatory representation remain with the bank's own licensed counsel — a boundary we consider a feature, not a limitation.
Method
Our founder's background is systems engineering and cybersecurity, not paperwork. That shapes the method: we reach the actual controls — screening logs, data integrity, audit trails, access governance — because that is what a skeptical assessor verifies. Compliance activity that cannot be evidenced does not exist for the examiner; our work makes it exist.
And because we are based in the European Union and independent of any bank, vendor, or local interest, our validation carries weight precisely where it matters most: with the international institutions deciding whether to connect.
Who We Are
Infraengineering s.r.o. is a Czech advisory company founded by an Iraqi engineer based in Prague. We work natively in Arabic and English, understand the Iraqi banking environment from the inside, and hold the work to European professional standards. The intersection is the point: local understanding without local entanglement, international credibility without translation loss.
Contact
A 30-minute call is enough to establish whether an independent diagnostic would be useful to your institution. No preparation is required on your side.