Iraq’s premier said Tuesday that new banking regulations had revealed fraudulent dollar transactions made from his country, as the fresh controls coincide with a drop in the local currency’s value. Iraq has in recent months been making efforts to ensure its banking system is compliant with the international electronic transfer system known as SWIFT. Referring to the new controls, Prime Minister Mohammed Shia al-Sudani hailed “a real reform of the banking system”, but denounced “falsified invoices, money going out fraudulently”, in particular as foreign currency payments for imports. “That is a…