The Central Bank withdraws two companies’ leave in the midst of buying and selling currencies
The Central Bank of Iraq, on Thursday, on the withdrawal of two companies brokerage license to sell and buy foreign currency for violating instructions.
The bank said in a statement that “in view of the violation of the splendor of the spring and the ocean to broker the sale and purchase of foreign currencies to the provisions of the regulations governing the work of mediation companies and the fight against money laundering and financing of terrorism, it was decided to withdraw the license to establish the two companies.”
“It was also decided to confiscate the letter of guarantee of the Ocean Company issued by the South Islamic Bank for Investment and Finance, which amounted to 50 million dinars in favor of the bank, as well as the confiscation of insurance deposits deposited with this bank, which amounted to 50 million dinars in his favor,” it said.
The bank demanded “the Ministry of Commerce to cancel the founding certificate granted to them by him, in addition to delisting their name from their records and provide the Central Bank with a letter of liquidation certified.”