The Central Bank withdraws the license of an electronic payment company affiliated with a commercial bank
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The bank said in a statement received by Shafaq News Agency that "it was decided to withdraw the license granted to the Information Windows Company for electronic financial payment and information technology limited / mixed liability, owned by the Trade Bank of Iraq."
The bank added that the license was withdrawn due to the company's failure to comply with the requirements and conditions of the license, despite granting them long periods of time.
The Central Bank of Iraq was established as an independent bank under its law issued on March 6, 2004, as an independent body, and it is responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks, 16 Islamic banks, in addition to 19 foreign banks, as well as For 6 financial institutions and 31 money transfer companies.
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