The Central Bank of Iraq revoked Al-Shadhan Company’s license to broker foreign currency sales and purchases and canceled its certificate of incorporation after finding breaches of the 2022 rules governing exchange companies and foreign currency brokers, directing the Ministry of Trade’s Companies Registration Department to remove the company from its records and provide certified deletion and liquidation documents.
2026-09-07Central Bank of Iraq
Central Bank of Iraq revokes Al-Shadhan’s foreign currency brokerage license over regulatory breaches
The Central Bank of Iraq revoked Al-Shadhan Company’s foreign currency brokerage license and canceled its certificate of incorporation for breaching the 2022 rules governing exchange companies and foreign currency brokers.