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[size=36]The Central Bank warns against the misuse of electronic payment cards outside Iraq[/size]
Economy | 09:52 - 11/20/2023
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Baghdad - Mawazine News
The Central Bank of Iraq warned on Monday against the misuse of electronic payment cards outside Iraq.
The bank’s media stated in a statement, received by Mawazine News, “We warn against some misusing the electronic payment cards it provides to meet the natural, legitimate needs of citizens.”
According to the statement, the bank stressed “its commitment to implementing strict measures to reduce this phenomenon, protect the financial system, and ward off risks from it,” indicating that “it will include the names of bank card holders whose misuse or smuggling is caught on black lists and take legal measures against this group.”
He pointed out that "they will be deprived of issuing other cards and all financial products, and all necessary measures will be taken against violators, based on the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2015 and the instructions and controls issued pursuant to it."
The bank’s media stated in a statement, received by Mawazine News, “We warn against some misusing the electronic payment cards it provides to meet the natural, legitimate needs of citizens.”
According to the statement, the bank stressed “its commitment to implementing strict measures to reduce this phenomenon, protect the financial system, and ward off risks from it,” indicating that “it will include the names of bank card holders whose misuse or smuggling is caught on black lists and take legal measures against this group.”
He pointed out that "they will be deprived of issuing other cards and all financial products, and all necessary measures will be taken against violators, based on the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2015 and the instructions and controls issued pursuant to it."
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