The Kurdistan Regional Government on Thursday shared the first batch of Know Your Customer (KYC) data for 368 public sector employees with the Trade Bank of Iraq (TBI), in line with the KRG’s ongoing efforts to digitalize its payroll under the MyAccount initiative.

The KRG will continue to share data of employees who select TBI from the seven participating banks in the project based on the process approved by the Central Bank of Iraq. The KYC data will be shared on a weekly basis.

The KRG looks forward to receiving a clear schedule from TBI on account opening and card delivery, as well as a response to the KRG’s Request for Information (RFI) submitted on 29 April 2024 that remains unanswered. This information is critical to determining the bank’s readiness and capacity to meet the needs of the customers of the Kurdistan Region of Iraq.

We hope that TBI will promptly create the bank accounts.