Due Diligence Procedures
September 20, 2020
The Central Bank of Iraq called on all licensed banks and non-bank financial institutions to take care and caution on financial movements that take place through (bank accounts, electronic wallets, and electronic payment cards of all kinds) for social media celebrities, as well as developing scenarios to discover money laundering operations for these institutions In proportion to these cases, in coordination with the AML/CFT office, if necessary.
The Bank also urged to take strict due diligence measures on the financial movements of e-store owners (owners of e-marketing websites and marketing through social media).The Central Bank of Iraq
Media Office
20/9/2020
