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The Central Bank refers a number of electronic cards to the judiciary
Thursday, January 25, 2024 3:11 PM
Baghdad/National News Center
Today, Thursday, the Central Bank of Iraq decided to refer a number of electronic cards to the judiciary due to misuse outside Iraq. The bank stated in a statement received by the National News Centre, that
“based on the supervisory and regulatory role of this bank, the misuse of electronic cards outside Iraq and during short periods has recently been observed, which affects and harms the financial and banking sector and its customers in the Republic of Iraq.” He added,
“This came after what was revealed by the reports of the competent security authorities and the supervisory procedures of this bank and the Anti-Money Laundering and Combating the Financing of Terrorism Office, and
the reports showed the use of employees’ nationalized salaries cards and retirees’ and social welfare cards,” noting that
“a number of cards were referred to the Supreme Judicial Council for the purpose of taking measures.” Legal in accordance with the Anti-Money Laundering and Terrorist Financing Law No. (39) of 2015 and the instructions issued pursuant thereto, and referring public sector employees to the Integrity Commission for the purpose of taking the necessary action on their part.” According to the statement, the bank warned
“those who benefit from electronic payment services from the fake pages that have spread recently and which lure citizens (taking advantage of the citizen’s lack of awareness) to obtain their card information in exchange for their promises to provide services that are not true, and that
obtaining the services is through the official and private applications of the entity.” The card issuer (the bank, the electronic payment company) exclusively.” He stressed his
“strong keenness to provide all appropriate tools for the purpose of facilitating financial operations for citizens, which preserve the integrity of the financial operations of the Iraqi financial sector.”
https://nnciraq.com/247594/
Thursday, January 25, 2024 3:11 PM
Baghdad/National News Center
Today, Thursday, the Central Bank of Iraq decided to refer a number of electronic cards to the judiciary due to misuse outside Iraq. The bank stated in a statement received by the National News Centre, that
“based on the supervisory and regulatory role of this bank, the misuse of electronic cards outside Iraq and during short periods has recently been observed, which affects and harms the financial and banking sector and its customers in the Republic of Iraq.” He added,
“This came after what was revealed by the reports of the competent security authorities and the supervisory procedures of this bank and the Anti-Money Laundering and Combating the Financing of Terrorism Office, and
the reports showed the use of employees’ nationalized salaries cards and retirees’ and social welfare cards,” noting that
“a number of cards were referred to the Supreme Judicial Council for the purpose of taking measures.” Legal in accordance with the Anti-Money Laundering and Terrorist Financing Law No. (39) of 2015 and the instructions issued pursuant thereto, and referring public sector employees to the Integrity Commission for the purpose of taking the necessary action on their part.” According to the statement, the bank warned
“those who benefit from electronic payment services from the fake pages that have spread recently and which lure citizens (taking advantage of the citizen’s lack of awareness) to obtain their card information in exchange for their promises to provide services that are not true, and that
obtaining the services is through the official and private applications of the entity.” The card issuer (the bank, the electronic payment company) exclusively.” He stressed his
“strong keenness to provide all appropriate tools for the purpose of facilitating financial operations for citizens, which preserve the integrity of the financial operations of the Iraqi financial sector.”
https://nnciraq.com/247594/
