FinTech Comparative Guide

1 Legal and enforcement framework

1.1 In broad terms, which legislative and regulatory provisions govern the fintech space in your jurisdiction?

This Q&A discusses the legal framework for fintech as applicable in Federal Iraq, with the exclusion of the Kurdistan Region of Iraq.

The fintech space is not subject to specific legislative and regulatory provisions in Iraq. However, fintech companies may be subject to specific laws and regulations applying to banks, financial institutions and insurance companies if they carry out such regulated activities.

The main laws and regulations that may apply to fintechs, depending on the types of activities that they carry out include the following: