Republic of Iraq is a country in Western Asia. Around 95% of the country’s 37 million citizens are Muslims, with Christianity, Yarsan, Yezidism and Mandeanism also present. Iraq’s economy is dominated by the oil sector, which has traditionally provided about 95% of foreign exchange earnings. Corruption in the public and private sectors carries very high risks for businesses investing in Iraq. Petty corruption is widespread amongst officers and generally undermined the effectiveness of the institution. The administration suffers from weak management, a lack of resources, poor coordination, weak collection enforcement and corrupt practices of officials among other.