The Central Bank of Iraq reported on Thursday that electronic cards were being misused outside of the country and disclosed that several of the cards had been reported to the relevant authorities so that legal action could be taken against the holders of the cards in accordance with the Anti-Money Laundering and Counter-Terrorism Financing Law.
In a statement released today, the bank’s media office stated, “The reports of the competent security authorities have revealed that the misuse of electronic cards outside of Iraq and during brief periods of time has recently been observed, which affects and harms the financial and banking sector and its customers in the Republic of Iraq. This is based on the supervisory and regulatory role of this bank.” as well as the Anti-Money Laundering and Combating the Financing of Terrorism Office’s and this bank’s supervisory protocols.”
According to the statement, “Reports showed the use of employees’ nationalized salary cards, retirees’ cards, and social care, and a number of cards were referred to the Supreme Judicial Council for the purpose of taking legal measures in accordance with the Anti-Money Laundering and Terrorist Financing Law No. (39) of 2015 and the instructions issued pursuant thereto, and referring sector employees.” General to the Integrity Commission so that they may take the appropriate measures.
The bank issued a warning in its statement, stating that “those who benefit from electronic payment services from the fake pages that have spread recently and which lure citizens (taking advantage of the citizen’s lack of awareness) to obtain their card information in exchange for their promise to provide services that are not valid, and that obtaining the services is through the official and private applications of the entity,” should beware. the bank or electronic payment provider that issues the card, alone.
