The important financial institution of Iraq determined to cancel the license of Al-Tufan alternate and Brokerage corporation because of what it defined as violations of guidelines No. (1) of 2022, which modify the paintings of trade and monetary brokerage businesses in Iraq. in line with the record issued by the important bank, which blanketed, “based totally at the selection of the financial institution’s Board of directors No. (48) of 2025, and in view of Al-Tufan business enterprise’s violation of the controls regulating the work of trade organizations and brokerage in the sale and purchase of overseas currencies No. (1) of 2022, it turned into determined to withdraw the business enterprise’s license and confiscate its letter of guarantee in prefer of this financial institution amounting to (50,000,000) fifty million dinars issued with the aid of the Iraqi middle East investment bank.”
The financial institution requested the organizations Registration department at the Ministry of trade to “cancel the certificates of incorporation granted to the enterprise and offer it with a letter deleting the employer’s name from the branch’s information and an authorized liquidation report and letter.”
