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Central withdraws two companies leave my brokerage buying and selling currencies DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Central withdraws two companies leave my brokerage buying and selling currencies

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Central withdraws two companies leave my brokerage buying and selling currencies Empty Central withdraws two companies leave my brokerage buying and selling currencies

Post by RamblerNash on Thu Nov 21, 2019 11:09 pm

Central withdraws two companies leave my brokerage buying and selling currencies

Central withdraws two companies leave my brokerage buying and selling currencies Doc-P-325628-637099259891802894

2019-11-21 | 05:29

The Central Bank of Iraq, on Thursday, on the withdrawal of two companies brokerage license to sell and buy foreign currency for violating instructions.

"In view of the violation of the splendor of the spring and the ocean companies to mediate the sale and purchase of foreign currencies to the provisions of the regulations governing the work of mediation companies and combating money laundering and financing of terrorism, it was decided to withdraw the license of the establishment of the two companies," the bank said in a statement.

"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."
 
The Central Bank of Iraq was established as an independent bank under its law issued on the sixth of March 2004, as an independent body, and is responsible for maintaining price stability and the implementation of monetary policy, and supervises 10 commercial banks, 26 private banks and 16 Islamic banks, in addition to 19 foreign banks, as well as About 6 financial institutions and 31 financial transfer companies.

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