The phenomenon of money laundering is one of the biggest challenges facing financial and banking institutions in countries around the world. This phenomenon is one of the most serious challenges facing the Iraqi economy at the moment. Thus, the central bank of Iraq has taken serious measures to limit it. These measures represent economic policy to combat the money laundering by putting control on private banks and money transfer checks to enter the currency auction. This research aims to measure and analyze the phenomenon of money laundering. In order to accomplish this, aim a descriptive statistic is used, and the standard model used was (FMOLS). depending on data obtained from the central bank of Iraq from period 2003 to 2021. The research found that the measures taken by the central bank did not lead to a decrease in the amount of money laundering. Where any increase of these measures which represented in (Money supply, sales of the Central bank of Iraq of foreign currency and exchange rate) by (1%) lead to increase the money laundering by (0.27%، 0.39%، و 1.29%) respectively. In conclusion, the research main recommendation is to implement the instructions of the office of combating money laundering accurately as well as to strengthen international cooperation in this field.