BAGHDAD (Reuters) - 
The Central Bank of Iraq (CBE) said Thursday that some companies offering financial and banking services do not have the credibility. 

The bank said in a statement received by Alsumaria News, a copy of it that "the banks authorized all, the scrutiny of some companies, offices and entities and offers such as financial services, banking, finance and training and other areas," noting that "some of them are not credible and may cause risks.

The bank welcomed "cooperation and advice in the investigation of those entities before entering into with them in transactions, contracts or agreements in order to protect the banking sector from fraud and fraud or waste of money and time with non-qualified." 

The Central Bank of Iraq was established as an independent bank under its law of 6 March 2004 as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies.