UN oversight of Iraqi oil money struggling to adapt

BAGHDAD - Recent allegations of illicit exports to Iran have exposed major flaws in the UN-mandated oversight of Iraq’s oil revenue.

Since 2003, a UN-appointed body called the International Advisory and Monitoring Board (IAMB) has been tasked with overseeing all of Iraq's hydrocarbon export revenue. But the recent fuel-smuggling scandal has highlighted aspects of the oil trade that IAMB has been powerless to track.