Comment by adastra22
Iraq is an ally and not currently sanctioned.
Iraq is an ally and not currently sanctioned.
It's highly likely that payments to Middle East are actively tracked. Because "terrsts" /s. So people may be reluctant to enter into business dealings.
It's 100x more difficult than you think it is. I come from a "semi-sanctioned" country, and it's extremely hard. Opening a bank account is impossible unless you can travel to the US. Stripe won't touch you with a 100 foot pole.
I can't even imagine how hard it would be from Iraq, even if it's currently "not sanctioned" in theory.
Wise is just as trigger happy with vague KYC/AML blocks as anyone else these days.
Many Iraqi citizens and entities are though. So, in practice, it's not worth it for the average company to figure out.