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Compliance Monitor Report
January 25, 2024
:diamonds: For regulatory and supervisory purposes and in view of the expansion in the work of all licensed electronic payment companies, it was decided as follows...For more click here
https://cbi.iq/static/uploads/up/file-170617453833488.pdf
https://cbi.iq/news/view/2507
~~~~~~~~~~~~~~~~~~~
[incomplete and approximate translation]
https://cbi.iq/static/uploads/up/file-170617453833488.pdf
All licensed electronic payment companies
M/Compliance Monitor Report
For regulatory and supervisory purposes and in view of the expansion of your companies’ business; Decide
The following:-
1- Cancellation of our Circular No. 5/9/1101 on 4/151/417.
1 - Your companies’ adoption of the new Compliance Monitor Report Form (a copy of which is attached
(b) and provide this bank with it semi-annually and within a period of (10) days from the date
Attention mid-year and in the event that we are not provided with the aforementioned report within the aforementioned period A late fine of (62:00010) dinars (seventy-five thousand) will be imposed.
Dinar) for each working day until you provide us with the report.
“The aforementioned report is sent to the Directorate of Supervision of Non-Banking Financial Institutions/Department Compliance review and a copy thereof to the Electronic Payment Service Providers Monitoring Department at the same time
The aforementioned directorate on CD (60) or (1/16170197 21358) in addition to sending it to
Email (10.at:copyright::copyright:)55./E2M61601012).
with respect.
January 25, 2024
:diamonds: For regulatory and supervisory purposes and in view of the expansion in the work of all licensed electronic payment companies, it was decided as follows...For more click here
https://cbi.iq/static/uploads/up/file-170617453833488.pdf
https://cbi.iq/news/view/2507
~~~~~~~~~~~~~~~~~~~
[incomplete and approximate translation]
https://cbi.iq/static/uploads/up/file-170617453833488.pdf
All licensed electronic payment companies
M/Compliance Monitor Report
For regulatory and supervisory purposes and in view of the expansion of your companies’ business; Decide
The following:-
1- Cancellation of our Circular No. 5/9/1101 on 4/151/417.
1 - Your companies’ adoption of the new Compliance Monitor Report Form (a copy of which is attached
(b) and provide this bank with it semi-annually and within a period of (10) days from the date
Attention mid-year and in the event that we are not provided with the aforementioned report within the aforementioned period A late fine of (62:00010) dinars (seventy-five thousand) will be imposed.
Dinar) for each working day until you provide us with the report.
“The aforementioned report is sent to the Directorate of Supervision of Non-Banking Financial Institutions/Department Compliance review and a copy thereof to the Electronic Payment Service Providers Monitoring Department at the same time
The aforementioned directorate on CD (60) or (1/16170197 21358) in addition to sending it to
Email (10.at:copyright::copyright:)55./E2M61601012).
with respect.
