The Central Bank decides to launch the instant photo feature for the customer

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The Central Bank decides to launch the instant photo feature for the customer

The Central Bank of Iraq has announced the launch of an instant photo feature for customers on October 24, 2023.

A document issued by a bank, addressed to licensed banks and companies and obtained by Al-Sumaria News, states the following: “This bank has previously issued circulars numbered 466/1/9 on 8/17/2023 directing licensed banks and companies to acquire webcams with appropriate resolution. This is a necessary prelude to the launch of the instant photo feature for customers. The feature will be implemented in the actual environment starting from Saturday, October 21, 2023. We urge you to commit to applying it when registering a customer or making a cash sale to them. We also request that you ensure accuracy when entering customer data into the platform. This is necessary to avoid exposing your institution to penalties, which may include being denied entry to the foreign currency sales window in the event of repeated errors and related violations.”