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[size=35][size=35]Warning to Iraqis: New ways to steal your money and smuggle it abroad[/size]
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2024-10-01 | 07:01
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Alsumaria News - Economic
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A new loophole for stealing money and a shortcut for smuggling currency requires government oversight.
Digital banks in Iraq are another way to smuggle currency after it is exploited by banks that have been subject to sanctions and require government oversight and serious action towards them.
Through unregulated electronic applications, financial transfers are carried out within these applications, without the need for paperwork or financial auditing, which facilitates the transfer process and the possibility of smuggling money in huge quantities.
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economy
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2024-10-01 | 07:01
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1,316 views
Alsumaria News - Economic
via the Internet and mobile phone applications, new digital banks in Iraq are starting to steal money and smuggle it out of the country, especially with the absence of government oversight over the work of these banks that do not have branches on the ground.
[ltr]
0 seconds of 0 seconds Volume 0%
[/ltr]
A new loophole for stealing money and a shortcut for smuggling currency requires government oversight.
Digital banks in Iraq are another way to smuggle currency after it is exploited by banks that have been subject to sanctions and require government oversight and serious action towards them.
Through unregulated electronic applications, financial transfers are carried out within these applications, without the need for paperwork or financial auditing, which facilitates the transfer process and the possibility of smuggling money in huge quantities.
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