2024-01-25T12:03:46+00:00
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/ The Central Bank of Iraq indicated, on Thursday, the misuse of electronic cards outside Iraq, revealing at the same time that a number of them had been referred to the judicial authorities for the purpose of taking legal action against their holders under the Anti-Money Laundering and Terrorism Financing Law.
The bank’s media office said in a statement today, “Based on the supervisory and regulatory role of this bank, it has been observed recently that electronic cards have been misused outside Iraq and within short periods, which affects and harms the financial and banking sector and its customers in the Republic of Iraq, as revealed by reports from the relevant security authorities and the supervisory procedures of this bank and the Anti-Money Laundering and Terrorist Financing Office.”
According to the statement, “The reports showed the use of employee cards with domiciled salaries, retirees’ cards, and social care cards. A number of cards were referred to the Supreme Judicial Council for the purpose of taking legal action under the Anti-Money Laundering and Terrorism Financing Law No. (39) of 2015 and the instructions issued pursuant thereto, and referring public sector employees to the Integrity Commission for the purpose of taking the necessary action on their part.”
The bank warned in its statement “beneficiaries of electronic payment services from fake pages that have spread recently, which lure citizens (taking advantage of the lack of awareness among citizens) to obtain their card information in exchange for promising to provide services that are not true, and that obtaining services is through the official applications of the card issuing party (the bank, the electronic payment company) exclusively.”