Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

6ly410

Platinum VIP
  • Posts

    14,550
  • Joined

  • Last visited

  • Days Won

    37

6ly410 last won the day on June 28

6ly410 had the most liked content!

About 6ly410

  • Birthday 01/24/1988

Profile Information

  • Gender
    Male

Recent Profile Visitors

23,203 profile views

6ly410's Achievements

Veteran

Veteran (13/14)

  • Reacting Well Rare
  • Dedicated Rare
  • Conversation Starter Rare
  • Very Popular Rare
  • Posting Machine Rare

Recent Badges

34.2k

Reputation

  1. Iraqi postpones judicial case involving 7 major foreign oil companies operating in violation of the law Source of the news /Iraq Agency Today Iraqi judiciary postpones case involving 7 major foreign oil companies operating in violation of the law - Iraq News (iraqakhbar-com.translate.goog) Baghdad- Iraq today: The judge of the Commercial Court in the seven presidency of the Court of Baghdad Al-Karkh Federal In Iraq, today, postponed the hearing of a filed the Ministry of Oil against foreign companies working in the oil and gas sector in the Kurdistan region, contrary to the laws and the Iraqi constitution, until the fourth and 24th of this month. Mohammed Ali Mahmoud Nadim, judge of the Commercial Court, said during the hearing today that the postponement came for the purpose of auditing and allowed the defense team of the Federal Ministry of Oil to provide more documents on the activity of a foreign company. Baker Hughes and Schlumberger, the US oil services companies, were quick last week to announce compliance with the federal oil ministry's decision to halt their oil operations in the Kurdistan region, the Iraqi News Agency reported. This came after the Ministry of Oil informed all international companies operating in Iraq with similar businesses in the Kurdistan region to suspend their activities, blacklist them and not deal with them. Last week, KRG President Masrour Barzani called for the resumption of negotiations between Baghdad and Erbil to resolve outstanding oil and gas problems between the two sides in accordance with the Iraqi constitution, and the region's negotiating delegation was ready to visit Baghdad in this regard. The Federal Ministry of Oil has not commented on the KRG's decision and its desire to resume negotiations on the oil and gas file, which stalled last May. Federal Oil Minister Ihsan Abdul Jabbar said that "there are no results and we are moving towards the literal application of the Federal Supreme Court's decision on the management of the energy file in Iraq." The Federal Supreme Court of Iraq has already obliged the Kurdistan Regional Government to apply the Iraqi Constitution in the management of gaseous oil wealth by the federal government.
  2. ERBIL (Kurdistan 24) - Outstanding issues between the Kurdistan Regional Government (KRG) and the Government of Iraq should be resolved through "meaningful dialogue", Britain's envoy to Erbil told Kurdistan 24 on Sunday. British Consul General David Hunt said that his country understands that the issues between Erbil and Baghdad are "complex", adding they need to be discussed between the two sides since a resolution would benefit the country's people. "They should be resolved, I think, through meaningful dialogue between both sides," Hunt told Kurdistan 24 on early Sunday. Even though the issues are complex, Hunt is confident that Erbil and Baghdad can find a solution. The diplomat made the remarks on the sideline of a ceremony. At that ceremony, a memorandum of understanding for academic cooperation was signed between UK universities and the KRG Ministry of Education. Hunt said his country is ready to help both sides resolve their differences. Ultimately, he noted, it's the responsibility of both sides to resolve their outstanding issues through negotiations. Erbil and Baghdad have fundamental disagreements over the former's oil and gas sector, the disputed territories, reparations for Kurdish victims of past genocides, and the Kurdistan Region's share of the federal budget. In mid-February, the Iraqi Federal Supreme Court ruled that the Kurdish oil and gas sector is unconstitutional and should be handed over to Iraqi authorities. Erbil has repeatedly defended the constitutionality of its energy sector and refused to abide by that ruling.
  3. Baker Hughes responds to Baghdad's decisions (alsabaah.iq) Baghdad: Al-Sabah In response to the federal government's decision, major oil companies began withdrawing from the Kurdistan Region of Iraq, the first of those companies to withdraw, which said in a memorandum to the Ministry of Oil that they would abide by the court and ministry's decisions that gave them three months to stop their business in the Kurdistan Region in accordance with the federal court's decision. Energy researcher Mohammed Kamel sees Baker Hughes' response in the field of oil services as a valid legal step to be followed by other US private companies operating in the region since 2006, adding that it is not in the region's interest to deepen the legal dispute in the oil field with the central government. Al-Kamel adds that most of the major oil companies operating in the region have large contracts with Baghdad in the rich giant fields of the south, which leads them to sacrifice work in the region for fear of their interests in the south. Economic specialist Dr. Mazen Khaled pointed out that the withdrawal of Baker Hughes will affect the process of oil production in the region, and that the ensuing further withdrawals will make the economic situation in Erbil in a critical situation, in conjunction with baghdad's implementation of the rest of the provisions of the federal court decisions if Erbil insists on its stubbornness in the oil sector. However, Hoshyar Osman, an oil consultancy specialist, said the region's political leaders could find a way out of the oil crisis by returning to discuss with Baghdad, which showed flexibility and good understandings during its discussions after the federal court's decisions, which proved the central oil ministry's lack of intransigence in controlling oil imports and the possibility of a radical solution to the problems already rooted in this particular sector, by establishing a private company to manage the territory's oil under Baghdad's supervision under Kurdish administration. Amid these views, the Kurdish street dealt with the news of Baker Hughes' withdrawal in varying ways, including with the response and the search for other companies to cooperate with.
  4. Minister Of Finance: Government Banks Have Been Isolated From The World For 40 Years ECONOMICMinister of Finance: Government banks isolated from the world for 40 years - Information Agency (almaalomah.me) LAST UPDATED 07/02/ 2022 | 12:16 PM 0 Participation Information/Baghdad. Finance Minister Ali Allawi said Saturday that government banks have been isolated from the world for 40 years, noting that work has begun with experts to reform the rules of procedure for rafidain and rashid banks. "Government banks have been isolated from the world for 40 years," Allawi said at a banking conference held at the Baghdad International Fair. "Since mid-2020, the Central Bank has begun cooperation with the Ministry of Finance in reforming government banking institutions," he said, adding that "the reform of government banks is a vital issue and an essential part of transforming the economy from rent to diversified."
  5. Kurdish Criticism Of Kurdistan Parliament's Vote On Oil Law POLITICALKurdish criticism of Kurdistan Parliament's vote on oil law - Information Agency (almaalomah.me) 2022/07/02 | 3:37 P.M. 0 Participation Information / Sulaimaniyah. Kurdistan Justice Party (KJP) member Reboir Mohammad Amin on Saturday criticized the Kurdistan Regional Parliament's vote to amend the oil and gas law. "This step by the regional parliament is a challenge to the decision of the judiciary and the Kurdish citizen will pay his tax," Amin told Al-Misr. "The political escalation is not in the interest of the region at all, and we need at this stage to calm down and end differences with the federal government, to ensure that employee salaries continue to be sent and that differences and recklessness between the two parties do not return," he said. "Challenging the Iraqi judiciary's decision will be its problems for the constitutional entity of the region," he said. The Kurdistan Regional Parliament approved the amendment of the region's oil and gas law, despite an Iraqi judiciary's decision banning the export of Kurdistan's oil
  6. The government's financial advisor reveals a package of income-generating technology projects Saturday 02 July 2022 11:16 | EconomicNumber of readings: 289 The government's financial advisor reveals a package of income-generating technology projects (ninanews-com.translate.goog) Baghdad / NINA / - The appearance of Muhammad Salih, the financial advisor to the Prime Minister, revealed today, Saturday, the existence of a wide range of income-generating technology projects that will be launched if financial savings are achieved at the end of the current fiscal year 2022, and while he stressed that they will help diversify Iraq's financial revenues, he put forward his expectations regarding investment spending in the 2023 budget . Saleh said in a press statement: “If the financial savings are achieved at the end of the 2022 fiscal year, which after approving the expenditures of the emergency support law for food security and development, it is expected to be with a balance of perhaps no less than 15 billion dollars, the state’s economic policy It is moving towards investing in a wide range of technology projects that generate income and operate technical work.” He added: "This new package comes within the previous preparation to define a package of major industries with a strategic character and export tendencies for the product that will depend on national inputs." He pointed out: "The strong technological package policy will help diversify Iraq's financial revenues from outside the oil wealth sector and ensure a growth rate in the gross domestic product, at least twice the population growth rate." He pointed out that "the exceptionally high financial accumulations will undoubtedly be offset by the policy of developing high-tech, efficient and profitable production projects and a high export power, and this is expected to be drawn when preparing investment spending estimates in the 2023 budget." / End 8
  7. The Minister of Finance announces the submission of a study to reform government banks / expanded Saturday 02 July 2022 11:19 | EconomicNumber of readings: 303 The Minister of Finance announces the submission of a study to reform government banks / expanded (ninanews-com.translate.goog) Baghdad / NINA / - Minister of Finance Ali Allawi announced today, Saturday, the submission of a study to reform government banks. Allawi said in a speech at the Fifth Finance and Banking Exhibition in Iraq: "Since we took over the Ministry of Finance, there have been several studies submitted to the government and the Central Bank of Iraq, and we took the challenge seriously to change and reform government banks." He added, "The Ministry of Finance saw an urgent need to develop the resources of the economy," noting that "it is not possible to manage matters with the duplicity and dominance of the public sector, and in Iraq a free economy." Allawi added, "In order to give way to the private sector, the competition base must be equal, and that reforming banks is one of the most important priorities of the banking sector," noting that "Iraq is very far from privatization in the banking field." He stressed, "The most important step is to restructure the banks, which is not an easy process, and re-arranging government banks requires time and an economic vision." He added, "The ratios between the private and public sector are the same for 20 years, and that the government sector accounts for 70% of the banking business, and this is unhealthy, and this ratio does not exist in any country." He stressed that "resource mobilization is an essential part of the economy, and that the savings come from the state, corporate profits, or the outflow, and in Iraq the outflow is dependent, and this cannot be relied upon, and the environment must be changed to receive the outflow." / End 8
  8. Central Bank: These are the statistics of the electronic payments system for state institutions in Iraq Saturday 02 July 2022 13:03 | EconomicNumber of readings: 258 البنك المركزي : هذه احصاءات نظام المدفوعات الالكترونية لمؤسسات الدولة في العراق (ninanews-com.translate.goog) Baghdad / NINA / - The Central Bank of Iraq announced the work statistics of the electronic payment system in Iraq until the middle of this year, stressing the activation of work with its ambitious strategy to address solutions and problems of electronic payment tools. The Deputy Governor of the Central Bank, Ammar Khalaf, said, during the Fifth Finance and Banking Services Conference and Exhibition in Iraq, today, Saturday: "There is cooperation between the Ministry of Finance and the Central Bank in order to reform the banking sector that will result in a real reform of the banking sector in the coming years." He explained, "The cooperation with the Ministry of Finance came through the formation of a committee to monitor and supervise the industrial bank. The committee achieved its goals through evaluating the agricultural bank and increasing the realized loans." He added, "There is no dispute over the importance of financing for financial institutions, development projects and the private sector," noting that "the banking sector has witnessed catastrophic conditions since 2016 until today, as the banking sector's assets grew by 21%, compared to the years 2019 with mid-2022, as well as total credit 25 % ". The Deputy Governor of the Central Bank stressed, "It is important to shed light on the development initiatives of the Central Bank that provide the necessary funding to finance projects of the private sector and individuals alike for various sectors," noting that the value of funding for the Central Bank's development initiatives amounted to 18 trillion dinars, "stressing that" The Central Bank continues to support private sector projects within concessional terms. " He went on to say, that" He pointed out that: "The number of open bank accounts has doubled to reach more than 7 million open accounts with all Iraqi banks," noting that "the number of electronic payment cards increased from 10 million in 2019 to 14 million cards until mid-2022, as well as the increase in the number of teller machines." From 1,000 devices in 2019 to more than 1,500 devices until mid-2022.” He added, "The electronic wallet system increased from 4,000 electronic wallets in 2019 to more than two million electronic wallets until mid-2022, and the Central Bank launched its ambitious strategy to enhance electronic payments, which included 15 strategic programs that represent the most important challenges and solutions facing the electronic payments system." /finished5
  9. 7 million open bank accounts .. registered by the Central Bank of Iraq Posted 1 minute ago 7 ملايين حساب مصرفي مفتوح.. يسجله البنك المركزي العراقي - اخبار العراق (iraqakhbar-com.translate.goog) Sky Press Today, Saturday, the Central Bank of Iraq announced the registration of 7 million open bank accounts in Iraq, while noting that the assets of the banking sector grew by 21%. The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said in a banking conference held on the grounds of the Baghdad International Fair, that “the accounts doubled to more than 7 million open bank accounts, as well as the electronic payment cards, which rose from 10 million to more than 14 million cards.” Khalaf added, "ATMs have increased to more than 1,500, points of sale have increased to more than 7,000, and electronic wallets have doubled from two million wallets." He explained, "The banking sector's assets grew by 21%, as well as the total credit by 25% during the period from 2019 to 2022."
  10. Allawi indicates something Posted 3 minutes ago Allawi indicates something - Iraq news (iraqakhbar-com.translate.goog) news source /Iraq Today Agency Baghdad - Iraq today: Today, Saturday, Finance Minister Ali Allawi considered that there is something he described as “unhealthy” in government banks that has no parallel in the world, for their acquisition of 70% of deposits, stressing that “the time has come to reform it” in cooperation with the Central Bank. Allawi said during a speech he delivered at the Fifth Finance and Banking Exhibition Conference, which was held today, in the capital, Baghdad, that "the time has come for change and reform of government banks in cooperation with the Central Bank," noting that "these banks account for 70 percent of deposits, and this is unhealthy." In a system based on the foundations of the market, and there is no percentage of this size in any country in the world, even in the socialist world.” Allawi added, "If we do not reform the banks, they will not play their role in providing the economy with loans, financial and advisory support in the productive sectors, including industries, transportation and tourism." Allawi pointed out that "investment is only made through savings, and this only comes from three sources, either from the state, the savings of people and companies, or from the external flow," explaining that "the external flow is subject to the political and global situation and cannot be relied upon." And he indicated that "foreign investment is nothing," explaining that "the reception of the outflow must completely change the environment." Allawi was considered that “the activity of the government’s economic institutions has failed, except for the financial ones,” noting that it is not possible to “create profits that support government investment.” Allawi stressed the necessity of having “competition for the private banking sector over deposits equally with government banks,” noting that this “does not exist, and therefore one of the government’s most important priorities is reforming banks, which can only be reformed by changing their legal systems, especially the internal ones with regard to a bank.” Al-Rafidain and Al-Rasheed. Allawi indicated, "The privatization process lasted for a year and a half, as it required a review of laws and legislation," explaining that "the State Council recently gave the position that we can change the banking system of government banks towards not privatization, but rather changing the percentage of our representatives in the private sector in these banks." He explained, "We dismissed the board of directors and the executive management and used the banking and commercial law," stressing that "all the concepts of governance of the central bank will be applied to government banks as a first step." He continued, "The second step is related to the restructuring of banks, which is not an easy step, since these banks have been isolated from international banks for 40 years." Allawi believed that "the first process to reform government banks and to be a qualitative leap to an independent reality that supports the financial institution needs at least three years," noting that "the next government must continue with this achievement for the other step, to reform government banks, and it will be for another 2-3 years, It is the focus on the profitability of these banks.” He wondered, "What is the meaning of profit if the outputs are subsidized by the government and the inputs are also subsidized," stressing the need for "there to be competition with the private banking sector." At the conclusion of his speech, Allawi expressed optimism about "the reform of government banks and a qualitative leap for them."
  11. Iraqi Central: We cannot change the exchange rate, and this is the size of gold and currency reserves Posted 51 seconds ago المركزي العراقي: لا يمكننا تغيير سعر الصرف وهذا حجم احتياطي الذهب والعملة - اخبار العراق (iraqakhbar-com.translate.goog) Today, Saturday, the Central Bank of Iraq revealed the size of the gold reserves in the country, and while it expected the hard currency reserves to reach 90 billion US dollars, it confirmed that it was not possible to change the exchange rate. Deputy Central Bank Governor Ammar Khalaf said in a statement to a number of media outlets, "It is hoped that the bank's reserves of hard currency will reach 90 billion US dollars," explaining, "We now have more than 70 billion dollars." Khalaf pointed out that "Iraq's gold reserves are currently more than 100 tons, after we bought more than 30 tons during this period." As for changing the exchange rate, the deputy governor of the bank stressed that “the exchange rate cannot be changed,” stressing that “there is no justification currently to change it.” He explained that "the change in the exchange rate confuses the markets at the present time, pointing out that" its change depends on the economic situation and within the monetary policy of the country." He stressed that "the ruler and the economic circumstance determine the appropriate decision to change the exchange rate."
  12. Urgent.. the central bank resolves the controversy over the dollar exchange rate Posted 1 minute ago Urgent.. the central bank resolves the controversy over the dollar exchange rate - Iraq news (iraqakhbar-com.translate.goog) news source /Iraqi media news agency "conscious" Baghdad / SR Today, Saturday, the Central Bank of Iraq revealed the size of the gold reserves in the country, and while it expected the hard currency reserves to reach 90 billion US dollars, it confirmed that it was not possible to change the exchange rate. The Deputy Governor of the Central Bank, Ammar Khalaf, said in a statement carried by a reporter (Iraqi Media News Agency), that "it is hoped that the bank's reserves of hard currency will reach 90 billion US dollars," explaining, "We now have more than 70 billion dollars." Khalaf pointed out that "Iraq's gold reserves are currently more than 100 tons, after we bought more than 30 tons during this period." As for changing the exchange rate, the deputy governor of the bank stressed that “the exchange rate cannot be changed,” stressing that “there is no justification currently to change it.” He explained that "the change in the exchange rate confuses the markets at the present time, pointing out that" its change depends on the economic situation and within the monetary policy of the country." He stressed that "the ruler and the economic circumstance determine the appropriate decision to change the exchange rate."
  13. Does the coordination framework do it and reduce the price of the dollar to 1200 dinars, or is its price fixed for 3 years, as stipulated by the International Monetary Fund? Posted 1 minute ago هل يفعلها الاطار التنسيقي ويخفض سعر الدولار الى 1200 دينار، ام ان سعره ثابت لـ 3 سنوات كما اشترط صندوق النقد الدولي ؟ - اخبار العراق (iraqakhbar-com.translate.goog) news source /Iraq Today Agency Baghdad - Iraq today: In the midst of the political controversy and the digital inflation of the “Coordination Framework” bloc, after it obtained dozens of new deputies, due to the resignation of members of the Sadrist movement, the efforts of some of these deputies headed towards the possibility of adjusting the exchange rate, a step that comes within the policy quarrel between Nuri al-Maliki and Muqtada al-Sadr. who supported the 2020 amendment. And the deputy in Parliament, Uday Awad, announced that he had collected the signatures of more than 100 deputies to reduce the dollar exchange rate, while the financial advisor to the Prime Minister, Mazhar Muhammad, spoke about the possibility of taking this step. Muhammad said in a televised statement: “We need to cook on a quiet fire, and monitor prices until the end of 2022, oil prices and foreign reserves,” stressing that “changing the exchange rate is possible, but it requires patience and careful study.” Specialists stress that the news that talks about the possibility of changing the exchange rate, although it is premature and is currently excluded, affects and “destroys” the local market. In this aspect, the economist Duraid Al-Anzi said that “the exchange rate change had a wrong start, due to the absence of the requirements for this change, as the sudden rise of the dollar led to a decrease in the value of the dinar and its purchasing power, and talking about returning it to the previous price will lead to greater problems than the first, in light of the crisis.” The global economy and constant price inflation, as a result of various circumstances, the most powerful of which was the Russian-Ukrainian war.” Al-Enezi added, “The market and the simple citizen are demanding a change in the exchange rate, and a return to its previous state, but this process of change may take many years, and whether it is an increase or decrease, it will cause the destruction of the Iraqi economy.” Several parties warn that the repetition of changing the exchange rate within short times without studying by the concerned authorities leads to an economic recession, confuses the work of local markets, increases speculation on foreign currency and squanders the gains made by the current exchange rate. Specialists confirm that the dollar exchange rate will remain for another three years, due to the existence of an agreement between the Iraqi government and the International Monetary Fund, related to financial policy, and managing the issue of the dollar exchange rate, in proportion to the volume of currency circulating in the market. In turn, the researcher in economics, Dr. Abdul-Hassan Al-Shammari, said, "The Central Bank always confirms that there is no change in the exchange rate, and the government is moving in this direction as well." Al-Shammari explained that "the local market is driven by the owners of capital, not the government, as the latter does not have clear economic visions to move the market, and the government today has a large surplus of oil imports, but its disposal is still limited." For days, the Iraqi markets have been living on the impact of these conflicting news, especially since the political forces calling for the return of the dollar exchange rate have obtained additional seats in Parliament, allowing them to implement this.
  14. "Iraq Finance Fair and Conference" kicks off tomorrow in Baghdad Friday 01, July 2022 13:48 |EconomicReadings: 176 "Iraq Finance Fair and Conference" kicks off tomorrow in Baghdad (ninanews-com.translate.goog) Baghdad /Nina/ Kicks off on the ground of the Baghdad International Fair, on Saturday, the events of the "Iraq Finance Conference Exhibition" sponsored by the Ministry of Finance, the Central Bank of Iraq and the Association of Private Banks, which will last for two days and in the presence of government officials, economists, finance and representatives of the departments of government and civil banks in Iraq.
  15. The Central Bank: Implementing binding measures to combat money laundering and terrorist financing Posted 12 seconds ago البنك المركزي: تطبيق إجراءات ملزمة لمكافحة غسيل الأموال وتمويل الإرهاب - اخبار العراق (iraqakhbar-com.translate.goog) news source /Iraqi News Agency ( INA ) Baghdad - INA - Nassar Al-Hajj The Central Bank of Iraq revealed, today, Friday, its measures in the field of combating money laundering and terrorist financing, confirming that it had also issued binding decisions in this regard. The representative of the Anti-Money Laundering and Terrorist Financing Office in the Central Bank, Hussein Al-Mukarram, told the Iraqi News Agency (INA), that "Iraq's procedures regarding combating money laundering and terrorist financing are represented in the issuance of the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2015 and many regulations, instructions and controls Circulars and guidelines in particular, all of which were issued in light of international requirements and standards and in compliance with local requirements. He added that "the identification of the supervisory and supervisory authorities on the business sector and the specific non-financial professions has been completed and the due diligence controls for combating money laundering and terrorist financing have been prepared for each sector, the last of which is the real estate sector." He stressed, "There are decisions that included obligating all financial institutions to form departments to report suspicious financial transactions and grant them independence in their tasks, and to prepare a guide for policies and procedures to combat money laundering and terrorist financing in light of which work is carried out and to be available to all workers in financial institutions." He added that "the procedures also included obligating financial institutions to acquire electronic systems to combat money laundering and terrorist financing for the purpose of extrapolating the monitoring of suspicious financial operations and reporting them to the Anti-Money Laundering and Terrorist Financing Office," noting that "Iraq is committed to all international requirements to combat money laundering and terrorist financing issued by the working group. Finance (FATF), in addition to completing the conditions for joining the Egmont Group. He pointed out that "many specialized training courses have been held in combating money laundering and terrorist financing, combating financial crimes, sanctions and bans, and employees of banking and non-banking financial institutions have been involved in them." And he indicated that “the measures taken by the Anti-Money Laundering and Terrorist Financing Office in the Central Bank of Iraq, including: 1. Acquisition of the (go-AML) system, which is concerned with receiving reports and financial data through electronic linkage with all the parties obligated to report. 2. Preparing systems and databases for the office that include data and information from other parties that help analysts complete financial investigation procedures. 3. Holding memoranda of bilateral cooperation with various parties within the anti-money laundering and terrorist financing system to facilitate the exchange of information, and holding several memoranda of understanding with counterpart units in other countries similar to the work of the office. 4. Continuing to train employees of other sectors in ministries, government departments and the public sector for the purpose of spreading awareness of combating money laundering and terrorist financing based on the comprehensive training plan prepared by the office for this purpose, and the office continues to involve its employees in workshops and training courses offered by various organizations the international community for the purpose of informing them of developments in a way that develops methods of combating these crimes.” He explained that "those procedures resulted in an increase in the number of suspicious financial transactions received by the office from various parties obligated to report, which resulted in an increase in the reports submitted by the office to the Public Prosecution Office to take the necessary action in this regard, amounting to (15-25-34-24-39). ) reports during the years (2017 and 2021) respectively, and each report includes a number of reports on a number of companies and people, and this increase was reflected in the issuance of a large number of convictions by the competent courts. He stressed that "the increase in the transmitted reports is a result of the measures taken to encourage financial institutions to report suspicious transactions and exchange information with law enforcement agencies, which contributed to the completion of the analysis of those transactions and the identification of suspicions of money laundering and terrorist financing."
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.