Withdrawal of Al Muhait Company’s license to meditate the sale and purchase of foreign currencies

Based on the decision of the Board of Directors of this bank no. (148) for the year 2019 and because of the violation of (Al Muhait to mediate the sale and purchase of foreign currencies) to the Central Bank of Iraq Law No. (56) For the year 2004 and AML/CFT law no. (39) For the year 2015 and regulations organizing the work of mediation companies of the sale and purchase of foreign currencies no. (1) For the year 2018.

 It was decided to withdraw the license of the above company and confiscate the letter of guarantee issued by the South Islamic Bank for Investment and Finance with (50,000,000 ID) (fifty million dinars) in favor of this bank and cancel the certificate of Establishing granted to it.