Act 2004

قانون المصارف رقم (94) لسنة (2004) (Banking Law No. 94 of 2004, Annex A to CPA Order No. 94)

Issued by Central Bank of Iraq (البنك المركزي العراقي)

Summary

Bars banking business without a Central Bank licence or permit (Art. 3) and covers licensing, branches and representative offices (Arts. 4-12). Art. 13 lets the Central Bank revoke a licence on stated grounds, including violation of its orders or licence conditions and involvement in fraud or money laundering, and Part XI (Arts. 59-66) deals with conservatorship. The PDF is a poor scan, so article wording should be checked against a clean copy.

Topics: Prudential & Capital

Who it applies to

Banking

Official source

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