A man uses an ATM machine at a bank in Baghdad March 4, 2012. The lack of efficient banking is holding the country back as it rebuilds its economy after the underinvestment of the Saddam Hussein years and the turmoil that followed the 2003 U.S.-led invasion. Without banks that are integrated into the global financial system, foreign investors outside the oil sector are likely to continue hesitating to commit large sums to Iraq. Picture taken March 4, 2012. To match Feature IRAQ-BANKING/ REUTERS/Mohamme

Iraq investigates private banks for money laundering

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A man uses an ATM machine at a bank in Baghdad March 4, 2012. The lack of efficient banking is holding the country back as it rebuilds its economy after the underinvestment of the Saddam Hussein years and the turmoil that followed the 2003 U.S.-led invasion. Without banks that are integrated into the global financial system, foreign investors outside the oil sector are likely to continue hesitating to commit large sums to Iraq. Picture taken March 4, 2012. To match Feature IRAQ-BANKING/ REUTERS/Mohamme

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