The Central Bank of Iraq has cautioned that certain persons may abuse the electronic payment cards it supplies to residents to satisfy their genuine natural requirements.
In a statement obtained by Shafaq News Agency, the bank emphasized its commitment to implementing strict measures to limit this phenomenon, protect the financial system, and ward off risks associated with it, indicating that it will include the names of bank card holders whose misuse or smuggling is caught on blacklists and take legal action against them. Category.
According to the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2015 and the directions, the bank will be barred from providing any more cards or financial goods, and all required actions will be taken against offenders.
