A bank source reveals the amount of fines imposed by the central bank on some banks
Friday 16 November
Alsumaria News / Baghdad
A bank source revealed on Friday that fines imposed by the central bank on some banks amount to 360 billion dinars within two years.
The source said in an interview with Alsumaria News, "The size of fines imposed by the Central Bank on some banks amounted to 360 billion dinars (during the last two years) and the limit of 100 billion dinars as miscellaneous fines."
The source, who asked not to be named, that "a large part of those fines related to fraudulent customs statements and irregularities concerning the work of banks and the mechanism of application controls," pointing out that
"these banks have been transferred files (more than 600 cases and a case) to the judicial organs to decide With reference to the withdrawal of licenses of some companies and financial institutions for violating the laws of banking operations."
"These fines and penalties may be an important reason for the attacks currently facing the monetary authority of some of those affected," the source said.