Tag Archives | compliance

Central Bank of Iraq Revokes ForEx Licence

By John Lee. The Central Bank of Iraq (CBI) has decided to revoke the licence of Al-Tufan Company for Currency Exchange and Brokerage due to what it describes as violations of Regulation No. (1) of 2022, which governs the operations of exchange and brokerage firms in Iraq. Click here to see the full statement from […]

599 Iraqi Companies and 27 Foreign Branches Registered in Sept

By John Lee. Iraq's Ministry of Trade announced the registration of 599 national companies and 27 branches of foreign companies during September. The Companies Registration Department, led by Rashad Khalaf Hashim, also issued several decisions, including amendments to contracts of joint-stock companies, adjustments to capital, and the merging and liquidation of companies. Additionally, 897 companies […]