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Law to regulate {electronic payment}
First 2024/09/30
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Baghdad: Rula Wathiq
The Financial Supervision Bureau intends to work on developing electronic payment operations, revealing the drafting of an integrated draft law to regulate them in cooperation with the General Secretariat of the Council of Ministers.
The Deputy Chairman of the Bureau, Qaisar Ghazi Zaghir, told Al-Sabah: "Coordination has taken place with the General Secretariat of the Council of Ministers regarding the preparation of an integrated draft law regulating the electronic payment process, and the procedures are still ongoing." Ghazi added that "the Bureau is committed to the directives of Prime Minister Mohammed Shia al-Sudani regarding the activation of electronic payment during the next phase, and directing the Bureau to develop and legislate administrative and financial updates that are compatible with the systems of this type of payment and follow up on them continuously," noting that "the Bureau is preparing a special program to audit electronic payment contracts and operations in ministries, entities not affiliated with a ministry and governorates, and to issue audit reports on observations and violations in those activities, and the relevant authorities have been informed of them."
He explained that "the Bureau seeks to provide technical assistance to all government agencies in the field of answering inquiries regarding electronic payment contracts and operations, and directing the Ministry of Finance to adopt the electronic receipt instead of the paper receipt in financial transactions."
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