Regulations
Comprehensive guide to the latest laws and regulations governing the fintech sector in Iraq.
Anti-Money Laundering and Counter-Terrorism Financing Regulations for Electronic Payment Service Providers (2025)
These are detailed and updated instructions specifically targeting electronic payment companies. They clarify how to implement international compliance standards within the Iraqi digital operating environment.
Anti-Money Laundering and Counter-Terrorism Financing Law No. (39) of 2015
This is the primary law that all financial technology (FinTech) companies must comply with. It mandates Know Your Customer (KYC) procedures and monitoring of financial transfers to ensure that digital platforms are not exploited for illegal activities.
Regulations for Licensing Digital Banks in Iraq (2024)
These are recent instructions issued by the Central Bank of Iraq that establish the legal framework for the establishment and operation of banks that provide their services exclusively through digital channels. The regulations include capital requirements, digital governance standards, and cybersecurity requirements.
Electronic Payment Services System for Funds No. (2) of 2024
This system is considered the primary regulatory framework governing the electronic payment sector in Iraq at present. It defines the licensing requirements for payment service providers, their legal obligations, and the technical and financial protection standards required to ensure the security and integrity of digital transactions.