Spiked Camel Java !

[DinarThug]

Btw - Maliki Has An Estate Just Outside Of London !  

 

     

 

 

 

Revealing the best global destination providing a "safe haven" to whiten "dirty money"

 

July 6, 2019 6:22 pm Author: alzawraapaper

 

 

 

 

LONDON (Reuters) - 

"Dirty money" needs to be washed and the United Kingdom is the best place in the world to do it, a fact that can not be ignored as London has become the world's money laundering capital, the Guardian newspaper reported.

Billions of dollars of stolen money are hidden illegally in the city's booming real estate market, although British laws require real estate agents to report to the authorities about any suspicious activity. "Black money" traders benefit from legal loopholes easily, with poor oversight, with the value of money being laundering annually in Britain between £ 23 and £ 57 billion, according to the expectations of civil organizations involved in combating corruption, Anatolia News Agency reported earlier . 
The head of the London-based research division at Transparency International, Nike Maxwell, told Anatolia that most of the international money laundering operations are taking place in the luxury housing sector, adding that it is possible to launder a large amount of money in one go easily by investing in this sector. 

Robbery in billions
The fraudsters steal hundreds of billions of pounds, dollars and euros every year, but this gives them a problem: How can they stop knowing what they did with the proceeds ?, Here the search begins to stop the transfer of suspicious suspicions, to clear them of any criminal character, or to face the loss of their stolen money. 
One of the insiders and someone like Howard Wilkinson, who blew a whistle on perhaps the biggest money laundering scheme in history - a 200 billion euro movement of suspected funds through the Estonian branch of Denmark's largest bank between 2007 and 2015, most of which took place in the corners of the Dodge Union The former Soviet, and some may belong to Vladimir Putin himself.
And enumerate the most important steps put forward by experts in the escape from accountability after all the investigations and financial scandals that have been discovered, according to the British newspaper The Guardian. 

The first step:
Forget about what you think you know If you have ambitions to steal a lot of money, forget about using money. Cash is cumbersome, risky and very specific. If you want to commit a big financial crime, you need a bank account, because electronic money weighs nothing, But that causes a new problem. Even if you use the highest available banknotes at Danske Bank, 200 billion euros would have weighed up to 400 tonnes, four times heavier than the blue whale. 

Step 2:
Establish an easy second step company, including creating a company on the Companies House website that keeps a UK corporate structure record and publishes information about shareholders, managers, accounts and partners, and so anyone can see their good intentions. The cost of setting up a company is £ 12 and takes less than 24 hours. According to the World Bank's annual Doing Business report, the UK is one of the easiest places anywhere to set up a company, so you'll find this process straightforward. 

Step three:
Do things This third step may be harder to participate because it seems very simple. Since 2016, the UK government has made it mandatory for anyone who creates a company to name the person they already own. To get out of this dilemma when you enter the information to create your company, you have to make mistakes, the typographical errors are suspicious everywhere as soon as you start going into a database. 

Step 4:
Lying - But do it smartly if you want to create an insurmountable institution to commit fraud: first, forget the alleged overseas centers and reach the UK; then take advantage of the easy-to-use Corporate Portal; Make sure that the information is reasonable enough to deceive the auditor.

Step 5:
Do not worry about it I know what you're thinking: . It can not be that easy. Surely you will be arrested, tried, and imprisoned if you try to follow this five-step process. But if you look at what British officials are doing, rather than looking at what they say, you will begin to feel more secure. The Ministry of Business has repeatedly been warned that the UK has facilitated this type of financial crime throughout much of the contract and has not yet taken any substantial action to stop it. 
Before 2011, only registered companies were able to access the Companies House portal, which means that there is a clear link between the actual verified individual and the companies that are being created, where you can see who created it. Of course there was a scam, but it was relatively easy to understand who was responsible. 

link

[davis411]

5 minutes ago, DinarThug said:

Btw - Maliki Has An Estate Just Outside Of London !  

 

     

 

 

 

Revealing the best global destination providing a "safe haven" to whiten "dirty money"

 

July 6, 2019 6:22 pm Author: alzawraapaper

 

 

 

 

LONDON (Reuters) - 

"Dirty money" needs to be washed and the United Kingdom is the best place in the world to do it, a fact that can not be ignored as London has become the world's money laundering capital, the Guardian newspaper reported.

Billions of dollars of stolen money are hidden illegally in the city's booming real estate market, although British laws require real estate agents to report to the authorities about any suspicious activity. "Black money" traders benefit from legal loopholes easily, with poor oversight, with the value of money being laundering annually in Britain between £ 23 and £ 57 billion, according to the expectations of civil organizations involved in combating corruption, Anatolia News Agency reported earlier . 
The head of the London-based research division at Transparency International, Nike Maxwell, told Anatolia that most of the international money laundering operations are taking place in the luxury housing sector, adding that it is possible to launder a large amount of money in one go easily by investing in this sector. 

Robbery in billions
The fraudsters steal hundreds of billions of pounds, dollars and euros every year, but this gives them a problem: How can they stop knowing what they did with the proceeds ?, Here the search begins to stop the transfer of suspicious suspicions, to clear them of any criminal character, or to face the loss of their stolen money. 
One of the insiders and someone like Howard Wilkinson, who blew a whistle on perhaps the biggest money laundering scheme in history - a 200 billion euro movement of suspected funds through the Estonian branch of Denmark's largest bank between 2007 and 2015, most of which took place in the corners of the Dodge Union The former Soviet, and some may belong to Vladimir Putin himself.
And enumerate the most important steps put forward by experts in the escape from accountability after all the investigations and financial scandals that have been discovered, according to the British newspaper The Guardian. 

The first step:
Forget about what you think you know If you have ambitions to steal a lot of money, forget about using money. Cash is cumbersome, risky and very specific. If you want to commit a big financial crime, you need a bank account, because electronic money weighs nothing, But that causes a new problem. Even if you use the highest available banknotes at Danske Bank, 200 billion euros would have weighed up to 400 tonnes, four times heavier than the blue whale. 

Step 2:
Establish an easy second step company, including creating a company on the Companies House website that keeps a UK corporate structure record and publishes information about shareholders, managers, accounts and partners, and so anyone can see their good intentions. The cost of setting up a company is £ 12 and takes less than 24 hours. According to the World Bank's annual Doing Business report, the UK is one of the easiest places anywhere to set up a company, so you'll find this process straightforward. 

Step three:
Do things This third step may be harder to participate because it seems very simple. Since 2016, the UK government has made it mandatory for anyone who creates a company to name the person they already own. To get out of this dilemma when you enter the information to create your company, you have to make mistakes, the typographical errors are suspicious everywhere as soon as you start going into a database. 

Step 4:
Lying - But do it smartly if you want to create an insurmountable institution to commit fraud: first, forget the alleged overseas centers and reach the UK; then take advantage of the easy-to-use Corporate Portal; Make sure that the information is reasonable enough to deceive the auditor.

Step 5:
Do not worry about it I know what you're thinking: . It can not be that easy. Surely you will be arrested, tried, and imprisoned if you try to follow this five-step process. But if you look at what British officials are doing, rather than looking at what they say, you will begin to feel more secure. The Ministry of Business has repeatedly been warned that the UK has facilitated this type of financial crime throughout much of the contract and has not yet taken any substantial action to stop it. 
Before 2011, only registered companies were able to access the Companies House portal, which means that there is a clear link between the actual verified individual and the companies that are being created, where you can see who created it. Of course there was a scam, but it was relatively easy to understand who was responsible. 

link

Really

like the queens area

ohhh thank god for the queen and all royals

ahhh I better stop

but my common bad side wants to keep going

jokes

[umbertino]

11 hours ago, davis411 said:

Really

like the queens area

ohhh thank god for the queen and all royals

ahhh I better stop

but my common bad side wants to keep going

jokes

 

She's your Queen as well, right? Of all Canadians, Aussies, etc

Edited July 7, 2019 by umbertino

[DinarThug]

LINK

Central Bank approves the controls of merger and the Union of Banks

 

7th July, 2019

The Central Bank of Iraq announced on Sunday its ratification of the controls of the merger of banks

The Central Bank said in a statement received by "Economy News", "in the belief of the need to develop and improve services in the banking sector, the Board of Directors of the Central Bank of Iraq on (the merger and the Union of Banks) in its resolution No. 90 of 2019

The statement said that "the controls included the requirements of merger or union between banks wishing to, as well as the benefits obtained by the merged banks or the United, and the powers of the Central Bank in those operations

He pointed out that "these controls can be accessed by visiting the website of the Central Bank of Iraq

 

 

################

https://cbi.iq/news/view/1173

The Central Bank of Iraq endorses the rules of merger and the Union of Banks

 

7th July, 

In the belief of the need to develop and improve services in the banking sector, the Board of Directors of the Central Bank of Iraq approved the (controls merger and the Union of Banks) in its resolution No. 90 of 2019.

 

This bank confirms that the controls included the requirements of merger or union between banks wishing to do so, as well as the benefits obtained by the merged banks or United, and the powers of the Central Bank in those operations.

 

Central Bank of Iraq

information Office

7 July 2019

 

For the merger and the Union of Banks regulations click here 

Page 2...

The Central Bank of Iraq has decided to issue the illiteracy controls (0/0) or (4) year, 200 riyals and the death penalty (22) from it. The Central Bank of Iraq is concerned about two or more Egyptians To merge into a single bank so that it dangles to extend their independence and marginalization for the treatment of the other, the ordinary Mujtn age of two banks in more to join in the ID and limit so that the Egyptian character of all the bank in the bank of the goods of the bank or water, enjoys a new moral character and the name of Nami Jenin, the bank Consolidation is the secret that is purified rarely after the process of the d The boundary is the belief created by the union of banks: the requirements of the merger or challenge of the banks - the application by the agricultural banks to merge or In this bank OFF 104 During the current year liquidation and endorsement of the project of integration or congratulations to the mosque on the threshold and a feasibility study for the integration project or suicide and be paid a few by the Board of Lighting OFF 22 decision of the General Authority by an absolute majority of the work stolen from banks Tram, 32 political uniform between the The sponsor died, and the communication between the city of Jeddah, Egypt, or that of the city of Mecca. But after the Eastern Union that stole them and the depositary of capital in the modern study after affiliation or union! Of the six official products of the production process or the union of Da Da K and the Syrian companies in the file

Page 3...

OFF, the salaries of the banks involved in the merger or Auto (3) the last years 862 Any balance or non-trust of this bank is not easy to evaluate. 9-2 The information mentioned in Annex 2: Third: Procedures to complete the merger or limit Banks 1 - The formation of a high committee and technical committees of the merged banks and this bank is dedicated to provide technical assistance to the committees and to determine the stages of implementation of the production project - To implement the merger or the Union to be guided by the establishment of an accompanying program to avoid the negatives imposed by the process of integration or union on the workers. 3 - to be identified as a single auditor authorized by class (a) or a company dispersed authorized and published in the auditors' bulletin for the competent year of the group of banks merged or United Nations, with a view to Single bases and high standards of assessment by the dim. 4. The financial statements have been prepared in accordance with the presentation and disclosure standard for the last three years and are consistent with the presentation and disclosure standards | Dr . The Bank shall assess the financial situation of the banks involved in the merger or the Union, provided that the document contained in Annex 11 and with the assistance of an advisory body appointed by it, shall specify its functions and period of work and shall be governed by a special resolution issued by its Board of Directors. The remuneration of experts and advisers shall be issued by the Bank within 20 days from the date of receipt of the study by the consulting authority, approving or not approving the fence agreement or the union, provided that the decision is accompanied by an adequate statement of the decisions and water 

Page 4....

Muhr bank of banks growth in the armies of mother and entertainment and banks, which did not reach the head of the Muslim Brotherhood Fulfills its obligation with respect to the dowry, pension, and pension deposits related to the professional insurance, which has not been paid to the beneficiary government agencies. In the case that women in the market for broths pose a threat to the stability of the banking sector. OFF The benefits of the new exchange rate in the case of limit 1 - The bank or the United Bank is prohibited from using its credit terms using the letters of credit which can be assessed by the lender. In respect of Islamic banks, a loan is prohibited for reasons that The management of this bank is limited and has significant shortcomings in the form of ewes or the limit 2. The bank is granted an additional score within the system of evaluation (CAMELS 4) The bank draws tears if the bank praises in case of the constraints that govern the expansion of banks and their service and financing activities - The bank is in the process of merger In the sale window basket Sasa: expensive provisions 1. All parties are resistant to the banks of agriculture production and radiation to banking secrecy, and then oysters and then 1 - the activity is included and integrated between the development banks or the United States can not be defended by the screw OFF MODE 3 - In Makkah Fingers, it is permissible to enter the banks of the denomination. The values of the representation of all the power of the bank provided or the banks of the United States (Barbesh, Mashrabik Masharaf, Kind Investment, etc.) and turning them into a scanner or exchange in more cases. Banks that have been secured are either merged or not The ball is not Iraq

Page 5.....

Auto OFF The minimum requirements to be followed when preparing the economic and technical feasibility study for a bath or a syndicate A. Aggregate budget in accordance with international standards Review of costs, products and services, size of loans and innovations, performance and profit consolidation and headquarters - Review of operational operations in the bank and organizational structure The review of liquidity and the extent of its coverage of the cash movements occupied on the maturity of the contracts and the liquidity requirements of the JPY to review the quality of assets and their classification and the status of loans and specializations in the coming weeks. Investment Portfolio, which includes French Desalination, the term of the contract, the date of its completion, its registration and its documentation, and the evaluation of the status of the victory. Market Risk Review, Exchange Rate Rain, and Rate Scaling Rates for Travel and Leisure Governance and Security Ministry of Risk and Tariff 

Page 6....

If you do not have an ATM or an ATM, do not go to the store, and if you do not have a link, send them a message of financial honey, and you know what you need to pay attention to. I love the Highness from the best Alashha Murni Yemen Voting theft The shares of the next financing and committed financing formulas between the deposit of the local and security, if any and their sectoral health, Cash and chess The center is the income agency and the forum's forum, which is dedicated to collecting and accompanying it, to prepare these bills and the problems, ie, the logic of the following institutions (if the latter years), they are indebted to the dukes of Mahat and any allocations to them, and the statement of bad debts with their insidious muscles, And the availability of the required credits, such as the pyramids, including the completed capital and lost contracts, which were not allocated reserves, and between the capital and other financial bonds between the deep and the unions of long-term foreign and domestic loans in the currency Mechanism and all foreign Jeddah or statement of tax times of the bank - 1 - local forms and types of public Referral | Beneficiaries of the offers granted by the Department of Obstetrics and Gynecology in accordance with the age of the effective supervisor at the Jordanian Department of Certified Public Health in the stages of registration

 

Edited July 7, 2019 by DinarThug

[DinarThug]

LINK

The Iraqi Trade Bank announces the opening of branches in China, Saudi Arabia and Abu Dhabi

 

 

7th July, 2019

 

The Iraqi Trade Bank (BBI) on Sunday launched its plan to boost its revenues from unilateral and international business.

"The plan includes an expansion of the bank's operations, including the opening of new representations in China, Abu Dhabi and Saudi Arabia, where the bank's revenue from foreign transactions is expected to rise to 30 percent," Faisal Al-Hamas, director of the bank, told National News. Of total imports, with the end of the next three years."

It is noteworthy that the Iraqi Trade Bank contributes 80% of the official Iraqi trade with other countries, with a capital of 30 billion dollars.

 

 

##################

 

LINK

[I’ve=7]BBI: Expansion in China and the Gulf will increase revenues to 30% by 2020[/size]

 

 

 

2019/7/7 17:40

 

The state-owned bank is expanding in China and the Gulf in an effort to boost its revenues from retail banking and international operations to 30 percent by 2022, from 25 percent now, the chairman of the Iraqi Trade Bank Faisal Al-Hims said.

The bank plans to open a representative office in China next year and is upgrading its Abu Dhabi license to an asset management company from a representative office.  BTI's total income was $ 550 million in 2018, with trade financing accounting for the lion's share, and banking and international operations accounted for 25 percent of its revenues. 

The bank, owned by the Iraqi government with assets of about $ 30 billion, contributes about 80 percent of Iraq's trade finance activities. He added that the bank entered Saudi Arabia this year and opened its first branch in Riyadh. The branch will be fully operational in September and will focus on trade finance. Homs said the bank had stopped holding talks with a Gulf bank after the latter decided it did not want to sell.

"With our expansion in China, Abu Dhabi and Saudi Arabia, retail and international operations will contribute about 30 percent of our total revenues by the end of the next three years," Hummes told Reuters.  He added that trade between Iraq and China is large in the public and private sectors, where China's oil companies are active in Iraq and the private sector imports much from China.

The Iraqi Trade Bank has been in talks to buy a Gulf bank with branches in the United Arab Emirates and Qatar as part of a strategy to boost its revenues outside its domestic market, Hymes told Reuters in October.  Earlier, the bank also suspended plans to buy a commercial bank in Turkey due to the steep devaluation of the lira.  But the bank is still interested in acquiring a bank in Turkey, Iraq's biggest trading partner.  "There are people we still look forward to, and the process is still at a very early stage," he said, declining to be named.

He pointed out that the Iraqi Trade Bank plays a major role in the reconstruction of Iraq and infrastructure development, and will help to support the balance sheet, which grew to 30 billion dollars.  The bank also plans to launch a fund in the last quarter of 2019 focusing on lending to Iraqi banks to finance international trade, with approvals expected by October.

[DinarThug]

Integrity reports and the control bureau indicate money laundering: the auction of currency outside the control of the central bank

 

2019/07/07 08:19:52

 

 

Baghdad / Mohammed Sabah

 

The Bureau of Financial Supervision and the Integrity Commission have not stopped sending reports to the House of Representatives since 2014, indicating the smuggling of hard currency and major financial violations that take place in the currency sale window committed by some private banks and banking companies.

Reports indicate that the volume of sales of the central bank from the dollar to these banks and private companies amounts to 45 billion dollars a year, all of which go out of Iraq without paying taxes.
The actual taxes for these amounts are estimated at 10 trillion Iraqi dinars annually, while the financial departments have received only one trillion Iraqi dinars.

At the same time, the mini-commission charged with investigating the building of the Central Bank of Iraq is still checking hundreds of files to verify land survey, financial costs and referrals.

In another context, the House of Representatives is about to complete investigations on the damage and sinking seven billion Iraqi dinars in 2013 in the Rafidain Bank and preparing the parliamentary finance to submit its final report in the coming sessions.

A member of the parliamentary mini-committee on the follow-up of the implementation of the budget Abdul Hadi al-Saadawi that "one of the most corrupt files being verified is the file window currency."

Al-Saadawi said in a statement to (range) that "there are problems and irregularities recorded on the sale of the currency by the Central Bank as well as the currency exchange rate, which is often moving and unstable in most cases," pointing out that "any candidate for the post of governor to sit with Finance To discuss these two issues. "

MPs from various blocs and components often speak of large corruption at the currency sale auction by banks and individuals accused of money laundering. 

Al-Madaa published a file on documents compiled by the late politician Ahmed Chalabi and later known as "Chalabi's Files" in early November 2015. It revealed the existence of administrative and financial corruption, money laundering and smuggling of hard currency through the currency auction at the Central Bank.

The Supreme Judicial Council had decided to set up a judicial investigation body in 2015 to consider the documents, but did not announce the results of its investigations so far.

The deputy from the province of Dhi Qar said that "there is a complete conviction is available in the parliamentary finance confirms the existence of corruption in the window selling the currency because of the way the sale of the dollar and those dealing with the Central Bank." 

Al-Saadawi proposes to "solve the problem of selling the currency and reduce the phenomenon of corruption by monitoring all the private banks and banking companies in the issue of selling the currency," pointing out that "the Central Bank sales of the dollar range from 150 to 200 million dollars on a daily basis."

"There are annual, quarterly and monthly reports to the Finance Committee from the Office of Financial Supervision and the Integrity Commission since 2014 confirms the existence of manipulation and major corruption in the window of selling the currency," adding that "these reports indicate the lack of control of the Central Bank of the currency sale window" . 

He pointed out that "the Parliamentary Finance Committee commissioned a small committee of six deputies to investigate this file is currently a series of meetings and additions with many of the persons responsible for selling the window or currency (auction currency).

He pointed out that "private banks declare some of their profits and hide the profits achieved by tax evasion and cover up foreign transactions (money laundering)." In turn, confirms another member of the Finance Committee that "these reports come in a manner indicative of corruption and waste of currency," revealing that "the annual sales of the central bank up to 45 billion dollars go all outside Iraq under the name of purchases."

Adnan al-Zarfi, member of the committee, said in an interview with Al-Mada that "the taxes collected from these large sums do not exceed one trillion a year." He pointed out that "the parliamentary finance is pressing to deal with these violations in the budget 2020". 

He added that "these entities that buy the dollar from the central bank to pay the actual taxes of the Iraqi state to ensure that it does not launder money," pointing out that "the actual taxes of these amounts (45 billion dollars annually) not less than ten trillion Iraqi dinars during the year One ".

The deputy of Najaf province, "the causes of this waste to the erosion of the state and the neglect of ministries in the knowledge of actual revenues." The Finance Committee in the House of Representatives more than a month ago, four sub-committees first follow up the implementation of the provisions of the General Budget Law, and the second investigation of the sinking of seven billion dinars in Rafidain Bank, and the third corruption of the window of currency and the fourth cost of building the new Central Bank.

On the other hand, a parliamentary committee charged with investigating the building of the Central Bank continues to review contracts for the new building. The Commission says that "the documents obtained by the large and placed in fifteen funds include contracts and referrals of contracts for the construction of this building." Adnan al-Zarfi, a member of the subcommittee, confirmed that his committee, which is funded by the parliamentary finance, "is conducting a comprehensive review of these documents relating to the contracts of the new building," stressing that "these documents are many and require a long time to complete." The late Iraqi architect Zaha Hadid laid out the engineering designs of the building of the new Central Bank of Iraq located in the Jadiriyah area overlooking the Tigris River, which consists of (34) floors in addition to two underground floors.

The cost of building the new bank 800 million dollars, and design up to 30 million dollars, as these figures raised great reactions within the House of Representatives and criticism against the administration of the Central Bank of Iraq.

"The audit also covered the area of the land survey, the choice of location and the percentages of the concrete in order to reach the real costs of this project and the profits of the company."

In a related context, says a member of the Finance Committee in the House of Representatives Siham al-Aqili to (extent) that "investigations on the sinking and the destruction of seven billion dinars in the Rafidain Bank is still existing by the mini-committee formed by the financial parliamentary more than a month ago."

The governor of the Central Bank Ali Al-Aliq had confirmed before the House of Representatives on 12 November 2018 damaged nearly seven billion Iraqi dinars as a result of the entry of rainwater to the coffers of Rafidain Bank in 2013, which led to the damage of banknotes.

The committee member added that the Committee "hosted a few minutes ago the Audit Committee of the Central Bank to listen to the reasons that led to the replacement or destruction of this currency," indicating that "the investigations included the call of the Special Commission in Rafidain Bank, which oversaw the destruction of the currency."

The bloc has been threatened in the House of Representatives earlier to dismiss the governor of the Central Bank Ali al-Alaq from his post and to submit to the judiciary unless he provides convincing answers on the health of sinking and the destruction of seven billion dinars in 2013, considering that the discrepancy in the claims of the governor gives clear evidence of theft of these funds In an orderly manner. "There is a conflict in the responses of the committees of the Central Bank and Rafidain Bank in dealing in the currency after drowning, where the Central Bank Committee said that the damage of the currency was delayed six months while the Rafidain said that it dealt with the subject immediately drowned by rainwater. "Because of this discrepancy in the answers, the mini-committee decided to call the two committees at a meeting within the parliamentary finance to verify the issue of the time of dealing with the currency damage."

The member of the mini-audit committee that "the Air Conditioning Commission provided its Committee with reports confirming the existence of rain led to the sinking of this money in the coffers of Rafidain Bank." She added that "the mini-committee will submit its final report after the completion of the meeting with the two committees to establish the reasons that led to the sinking and destruction of funds in Rafidain Bank."

link

[jg1]

55 minutes ago, DinarThug said:

Integrity reports and the control bureau indicate money laundering: the auction of currency outside the control of the central bank

 

2019/07/07 08:19:52

 

 

Baghdad / Mohammed Sabah

 

The Bureau of Financial Supervision and the Integrity Commission have not stopped sending reports to the House of Representatives since 2014, indicating the smuggling of hard currency and major financial violations that take place in the currency sale window committed by some private banks and banking companies.

Reports indicate that the volume of sales of the central bank from the dollar to these banks and private companies amounts to 45 billion dollars a year, all of which go out of Iraq without paying taxes.
The actual taxes for these amounts are estimated at 10 trillion Iraqi dinars annually, while the financial departments have received only one trillion Iraqi dinars.

At the same time, the mini-commission charged with investigating the building of the Central Bank of Iraq is still checking hundreds of files to verify land survey, financial costs and referrals.

In another context, the House of Representatives is about to complete investigations on the damage and sinking seven billion Iraqi dinars in 2013 in the Rafidain Bank and preparing the parliamentary finance to submit its final report in the coming sessions.

A member of the parliamentary mini-committee on the follow-up of the implementation of the budget Abdul Hadi al-Saadawi that "one of the most corrupt files being verified is the file window currency."

Al-Saadawi said in a statement to (range) that "there are problems and irregularities recorded on the sale of the currency by the Central Bank as well as the currency exchange rate, which is often moving and unstable in most cases," pointing out that "any candidate for the post of governor to sit with Finance To discuss these two issues. "

MPs from various blocs and components often speak of large corruption at the currency sale auction by banks and individuals accused of money laundering. 

Al-Madaa published a file on documents compiled by the late politician Ahmed Chalabi and later known as "Chalabi's Files" in early November 2015. It revealed the existence of administrative and financial corruption, money laundering and smuggling of hard currency through the currency auction at the Central Bank.

The Supreme Judicial Council had decided to set up a judicial investigation body in 2015 to consider the documents, but did not announce the results of its investigations so far.

The deputy from the province of Dhi Qar said that "there is a complete conviction is available in the parliamentary finance confirms the existence of corruption in the window selling the currency because of the way the sale of the dollar and those dealing with the Central Bank." 

Al-Saadawi proposes to "solve the problem of selling the currency and reduce the phenomenon of corruption by monitoring all the private banks and banking companies in the issue of selling the currency," pointing out that "the Central Bank sales of the dollar range from 150 to 200 million dollars on a daily basis."

"There are annual, quarterly and monthly reports to the Finance Committee from the Office of Financial Supervision and the Integrity Commission since 2014 confirms the existence of manipulation and major corruption in the window of selling the currency," adding that "these reports indicate the lack of control of the Central Bank of the currency sale window" . 

He pointed out that "the Parliamentary Finance Committee commissioned a small committee of six deputies to investigate this file is currently a series of meetings and additions with many of the persons responsible for selling the window or currency (auction currency).

He pointed out that "private banks declare some of their profits and hide the profits achieved by tax evasion and cover up foreign transactions (money laundering)." In turn, confirms another member of the Finance Committee that "these reports come in a manner indicative of corruption and waste of currency," revealing that "the annual sales of the central bank up to 45 billion dollars go all outside Iraq under the name of purchases."

Adnan al-Zarfi, member of the committee, said in an interview with Al-Mada that "the taxes collected from these large sums do not exceed one trillion a year." He pointed out that "the parliamentary finance is pressing to deal with these violations in the budget 2020". 

He added that "these entities that buy the dollar from the central bank to pay the actual taxes of the Iraqi state to ensure that it does not launder money," pointing out that "the actual taxes of these amounts (45 billion dollars annually) not less than ten trillion Iraqi dinars during the year One ".

The deputy of Najaf province, "the causes of this waste to the erosion of the state and the neglect of ministries in the knowledge of actual revenues." The Finance Committee in the House of Representatives more than a month ago, four sub-committees first follow up the implementation of the provisions of the General Budget Law, and the second investigation of the sinking of seven billion dinars in Rafidain Bank, and the third corruption of the window of currency and the fourth cost of building the new Central Bank.

On the other hand, a parliamentary committee charged with investigating the building of the Central Bank continues to review contracts for the new building. The Commission says that "the documents obtained by the large and placed in fifteen funds include contracts and referrals of contracts for the construction of this building." Adnan al-Zarfi, a member of the subcommittee, confirmed that his committee, which is funded by the parliamentary finance, "is conducting a comprehensive review of these documents relating to the contracts of the new building," stressing that "these documents are many and require a long time to complete." The late Iraqi architect Zaha Hadid laid out the engineering designs of the building of the new Central Bank of Iraq located in the Jadiriyah area overlooking the Tigris River, which consists of (34) floors in addition to two underground floors.

The cost of building the new bank 800 million dollars, and design up to 30 million dollars, as these figures raised great reactions within the House of Representatives and criticism against the administration of the Central Bank of Iraq.

"The audit also covered the area of the land survey, the choice of location and the percentages of the concrete in order to reach the real costs of this project and the profits of the company."

In a related context, says a member of the Finance Committee in the House of Representatives Siham al-Aqili to (extent) that "investigations on the sinking and the destruction of seven billion dinars in the Rafidain Bank is still existing by the mini-committee formed by the financial parliamentary more than a month ago."

The governor of the Central Bank Ali Al-Aliq had confirmed before the House of Representatives on 12 November 2018 damaged nearly seven billion Iraqi dinars as a result of the entry of rainwater to the coffers of Rafidain Bank in 2013, which led to the damage of banknotes.

The committee member added that the Committee "hosted a few minutes ago the Audit Committee of the Central Bank to listen to the reasons that led to the replacement or destruction of this currency," indicating that "the investigations included the call of the Special Commission in Rafidain Bank, which oversaw the destruction of the currency."

The bloc has been threatened in the House of Representatives earlier to dismiss the governor of the Central Bank Ali al-Alaq from his post and to submit to the judiciary unless he provides convincing answers on the health of sinking and the destruction of seven billion dinars in 2013, considering that the discrepancy in the claims of the governor gives clear evidence of theft of these funds In an orderly manner. "There is a conflict in the responses of the committees of the Central Bank and Rafidain Bank in dealing in the currency after drowning, where the Central Bank Committee said that the damage of the currency was delayed six months while the Rafidain said that it dealt with the subject immediately drowned by rainwater. "Because of this discrepancy in the answers, the mini-committee decided to call the two committees at a meeting within the parliamentary finance to verify the issue of the time of dealing with the currency damage."

The member of the mini-audit committee that "the Air Conditioning Commission provided its Committee with reports confirming the existence of rain led to the sinking of this money in the coffers of Rafidain Bank." She added that "the mini-committee will submit its final report after the completion of the meeting with the two committees to establish the reasons that led to the sinking and destruction of funds in Rafidain Bank."

link

 Confirms the existence of manipulation and major corruption in the window of selling the currency," adding that "these reports indicate the lack of control of the Central Bank of the currency sale window!

 

Does this mean the CBI is complicit in this currency sales corruption? And how about the integrity committee,how long have they been investigating this with no results. 

Time for heads to roll. No free passes.

Edited July 7, 2019 by jg1

[ChuckFinley]

24 minutes ago, jg1 said:

 Confirms the existence of manipulation and major corruption in the window of selling the currency," adding that "these reports indicate the lack of control of the Central Bank of the currency sale window!

 

Does this mean the CBI is complicit in this currency sales corruption? And how about the integrity committee,how long have they been investigating this with no results. 

Time for heads to roll. No free passes.

 that 

[Theos]

Can I ask why this is in the Rumor's section?  It looks like there is a valid link to a news article.  Thanks in advance.

[pokerplayer]

26 minutes ago, Theos said:

Can I ask why this is in the Rumor's section?  It looks like there is a valid link to a news article.  Thanks in advance.

 

Well as awkward as it sounds you are correct. We have some excellent news threads but it is becoming hard to find specific articles under the current set up. I am sure site administration is looking into this but for the time being members are starting threads that contain relevant news items that can be easily accessed.

 

Just my but theirs a good chance I am wrong.

 

  Cheers  pp

[utah rock]

Plus it’s fun in the rumor section!!!!

go RV! 

Go rv!

[pokerplayer]

6 minutes ago, utah rock said:

Plus it’s fun in the rumor section!!!!

go RV! 

Go rv!

 

Yup but if you want down to earth Information, talk with a poster named Chuck Finley. He is a great source and always happy to help.

 

  pp

[DinarThug]

49 minutes ago, Theos said:

Can I ask why this is in the Rumor's section?  It looks like there is a valid link to a news article.

 

Wtf - A Link ?

 

 

I Thought I Had Attached A Klink !  

 

 

     

[navira]

Lol

[DinarThug]

 

LINK

UK Ambassador: “An Extremely Good Time to be Working in Iraq”

4th July, 2019

A major petroleum conference in London has been told that more than 200 British companies now operating in Iraq, and those numbers are increasing.

Addressing more than 300 delegates at CWC‘s Iraq Petroleum conference, British Ambassador Jonathan Wilks CMG said:

“The UK and Iraq are becoming increasingly strong business partners and education partners, and London is becoming as it once was, the second home for many Iraqis. The number of Iraqis visiting the UK is increasing, so if you hear of difficulties getting, visas this is exaggerated.”

Looking to the current climate in Iraq, Ambassador Wilks added:

“I am more than glass-half-full; the positives in Iraq right now, the dynamics, the sustainability of security improvements and economic improvements are really the best we have seen for many many years.

“We now have the best [Iraqi] government that we’ve had since 2003 … This is an extremely good time to be working in Iraq.“

 

 

And Here’s A Valid Klink !  

 

 

     

[DinarThug]

LINK

Iraq could surpass Saudi Arabia in Oil Production

 

 

8th July, 2019

A senior oil executive has predicted that Iraq could surpass Saudi Arabia as an oil producer.

Addressing delegates at CWC‘s Iraq Petroleum conference in London, Majid Jafar (pictured), CEO of Sharjah-based Crescent Petroleum, said:

“Iraq is hugely underexplored. We at Crescent know of 300 structures just in the Western Desert that have yet to be drilled, so I for one believe that Iraq has a lot of potential, and I wouldn’t be surprised if it becomes the largest producer in OPEC during my career.”

Crescent Petroleum has an interest in the Khor Mor field in the Kurdistan Region of Iraq, and has signed initial contracts to develop the oil fields of Gilabat-Qumar (in Diyala), Khashim Ahmer-Injana (in Diyala), and Khudher Al-Mai [Khider al-Mai] (in Basra and Muthana).

 

 

And Here’s A Valid kLink - Wait ... Listen For It ...

     

[DinarThug]

On 7/3/2019 at 11:06 PM, DinarThug said:

Gutierrez: Iraq Has Paid 48.3 Billion Dollars In Compensation To Kuwait So Far

Economy News

 - July 4, 2019

 

UN Secretary-General Antonio Guterich said Wednesday in the semi-annual report of the UN Security Council that the total amount Iraq has paid to Kuwait has so far reached 48 billion and 300 million dollars.

Since my previous report, the Compensation Commission has paid two quarterly installments to Kuwait, the first of $ 100 million on January 18, 2019 and the second $ 240 million on April 23, 2019." Guterich said in his report.

After the payment of these payments, the total compensation paid by the Committee so far is 48.3 billion dollars, and thus remain about $ 4.1 billion, should be paid to Kuwait to settle the last remaining claim."

"Based on the current revenue levels of the Fund, the Commission is still going to pay the unpaid claim in 2021, which will end its mandate.

UN Secretary-General António Guterich said Wednesday in the semi-annual report of the UN Security Council that the total amount Iraq has paid to Kuwait so far

link

 

7-7-2019   Intel/Newshound Guru sandyf   

People should note that Iraq was effectively removed from UN Chapter 7 in 2013 when the Kuwait missing persons issue was transferred to Chapter 6. 

Quote: 

"the United Nations Security Council decided on 29 June to address the remaining question of missing Kuwaiti persons and property under Chapter VI, i.e. by peaceful means. 

Iraq’s only remaining Chapter VII obligation is the payment to Kuwait of 8.5 billion euros,

which is to be completed in 2015 if Iraq maintains the current pace of reimbursements.

The UNSC decision therefore closes, both literally and figuratively, a painful chapter in Iraq’s history" 

There are still Chapter 7 sanctions in place against Iraqi individuals and entities but that has no bearing on Iraq as a country.

[DinarThug]

On 7/4/2019 at 9:50 AM, DinarThug said:

Change the value of the Iraqi currency ... benefits and costs

 

 

4th July, 2019

The importance of the Iraqi currency and its impact on the Iraqi economy in light of the current changes The Department of Economic Studies in Beit al-Hikma held a scientific symposium entitled "Change in the value of the Iraqi currency, benefits and costs" under the chairmanship of Prof. Dr. Falah Hassan Thoini, / 7/2019 on the seminar hall in Beit al-Hikma. 

The seminar was attended by Dr. Mazhar Mohammed Saleh, financial adviser to the Prime Minister, as well as Professor Dr. Mahmoud Mohammed Dagher, Director of the Department of Financial Operations and Debt Management of the Central Bank of Iraq. 

The participants discussed the problem of changing the value of the Iraqi currency and the reduction of the Iraqi dinar and its impact on the Iraqi economy, some describe this reduction as support system" rel="">support for the global economy and some see the deterioration of the purchasing power of the Iraqi individual.

Dr. Mazhar Mohammed Saleh talked about the policy of the Central Bank since its establishment so far in a concise and clear as the goal of the bank is to manage the monetary expectations and how Iraq's oil revenues since 2003 to 2014 is improving continuously so there was no budget deficit. He pointed to the role of Iraq and the agreements signed with the International Monetary Fund and its impact on the Iraqi economy.  He concluded by discussing the need for new policies that are consistent with the central bank's policy of reaching solutions. 

Dr. Mahmoud Mohammed Dagher discussed the current exchange rate regime for two years in Iraq and mentioned facts about the Iraqi economy for 2019.  The promise of the devaluation of the Iraqi currency affects all the real and monetary balances of the Iraqi economy because one of the reasons for inflation accompanying the reduction ignites expectations and pressures towards the continuation of subsequent reductions decisions.

In conclusion, there were comments from the audience and views and proposals on the decision to reduce the Iraqi dinar.  The seminar was attended by Dr. Ihsan Al-Amin, Chairman of the Board of Trustees of Bayt Al-Hikma and a number of prominent personalities in the banking and financial field and a number of academics.  

link

 - VIDEO LINK IN ARABIC

 

On 7/6/2019 at 9:34 AM, DinarThug said:

Central Bank's safe investment policies have boosted confidence in the Iraqi economy

 

 

6th July, 2019 by Samir Nusairi

A source at the central bank said foreign reserves amounted to $ 72 billion, and would rise to $ 86 billion when the Ministry of Finance takes advantage of the rise in oil prices and the payment of $ 14 billion to the central bank, which represent the sad transfers that the central bank during the period of financial crisis suffered Including Iraq, which constituted direct support system" rel="">support to the State Treasury and the national economy in the near future when the country was unable to pay the salaries of state employees at the time of the Minister of Finance at the time

Which has had a significant impact in achieving economic steadfastness and thus financial victory in complex circumstances

That the observer and specialist is well aware that access to this rate of foreign reserves is the Central Bank to follow the safe investment policies, which strengthened the international credit position and restore confidence in the Iraqi economy and international banking relations

Underscoring the safety and success of the Bank's strategy for the years (2016 - 2020 ) achieved .ho achievements in financing activity and activate the initiative to finance small and medium enterprises and raise the ceiling on loans to one billion dinars for each project within the objectives of the initiative in activating the economic cycle and support system" rel="">support the implementation of the objectives of the government curriculum in the fourth axis ( Strengthening the economy) to achieve the goal of development banks as the goal of development

In addition to this, the Bank is working on direct Islamic financing for public and private banks.  In addition, the expansion of the implementation of community initiatives from the Tamkeen Fund is an effective national experience in integrating the banking sector with society and achieving the goal of social, economic and humanitarian banks. Babylonian monuments on the World Heritage List

The clear evidence that can never be covered is the continuation and maintenance of the exchange rate stability over two years and maintaining the inflation rate of less than 2%.Thus, the Central Bank has been able to achieve its objectives in its Law No. 56 of 2004, On the stability of the exchange rate. And is now vigorously and effectively pursuing the objectives of strengthening the economy and banks for development

 

7-7-2019   Newshound Guru MilitiaMan   Article quotes:  

"...the reduction of the Iraqi dinar and its impact on the Iraqi economy,

some describe this reduction as support for the global economy..."; 

"...there were comments from the audience and views and proposals on the decision to reduce the Iraqi dinar..."  

there is far more that I am excited about and for very good reason...imo. 

Here are a few of them [quotes] that clearly suggest they are raising the value of the IQD and not next year. 

They would implode from inflation. 

They are quitting the auctions thus, they have to raise the rate and pronto. 

Very clear and concise..imo.

[DinarThug]

7-7-2019   Newshound Guru MilitiaMan   As at this stage...

I don't think we have ever been in such a good place as we see now from what they CBI is telling us. 

They clearly state the positive effects of the reduction in the Iraqi Dinar is to be good for the global economy. 

They are telling us imo they have to raise the rate and in fact they go so far to state they made the decision to do so already. 

By doing a reduction in Iraqi Dinar (raising the value)

they have to stop the auctions as we know them. 

That is flat out pressure,

if not mainly saying get ready we have to now raise the rate internationally, 

as we decided to reduce the auctions to once a week by reducing the Iraqi Dinar.

The CBI is talking powerfully with what they are saying...imo.

[DinarThug]

LINK

The Association of Banks holds a graduation ceremony for two courses of customer service and the development of the skills of Taler employees

 

7th July, 2019

 

The Association of Iraqi Private Banks, in cooperation with the Joint Efforts Group and the International Card Company (Key Card), held Sunday the graduation ceremony of "Customer Service" and "Taler Skills Development" session in the station hall in central Baghdad

And ended before the days of 120 trainees from the Rafidain Bank these two sessions at the training center of the Association of Iraqi private banks at its headquarters in Baghdad

The course was divided into four axes: the first dealing with dealing with cash and the second in the field of forgery, counterfeiting and bank fraud, and the third in excellence in customer service, quality of service and the latest in the technical aspects of the function of teler in banks

The Teller staff is the one who deals with cash, receiving cash from depositors at banks and conducting cash deposit procedures

The event, which was attended by "Economy News", a speech to the Executive Director of the Association Ali Tariq, said that "the Association is keen to provide the environment suitable for trainees of the staff of banks, but the most important is the application of training on the ground and the implementation of what the trainee learned to develop the work of public and private banks "He said

Tarek added that "the near future will certainly see a clear change in banking work within the country," pointing out that "the management of Rafidain Bank was brave when I decided to use this new system (ATM) in banking

He called on employees to "be flexible in the implementation of this program in order to present it to the fullest customers of the bank," adding that "the Association of Banks aspires to continue cooperation and increase with Rafidain Bank and other banks in general

For her part, the Director General of Rafidain Bank Dr. Khawla Al-Asadi said in a speech during the ceremony that "the Association of Banks impressed us in providing the appropriate environment to train our cadres and succeeded in this success by attracting qualified trainers of Arab nationalities, in addition to the excellent handling by the administration of the Association With the bank and trainees

Al-Asadi added, "We hope that the Association of Banks new wheel in the banking system of Iraq," calling on the staff of the bank to "good dealing with the customer and gain and abide by the rules and regulations of the bank

Then the graduation ceremony was distributed to the trainees at the end of the ceremony attended by senior banking figures

[DinarThug]

LINK

Parliament votes to amend the federal budget law today

 

 

 

2019/7/8 9:14 

 

 

The Iraqi Council of Representatives voted on Monday to amend the first amendment to the Federal Budget Law for the fiscal year 2019.

 

The House of Representatives said that the parliament will hold the 31st session of the second legislative term on Monday, and its agenda included a vote on the proposal to amend the first amendment to the Federal Budget Law for fiscal year 2019. 

The session will also include the vote on the draft law on amnesty from tax penalties, in addition to voting on the draft law of the second amendment to the law of the Union of Geologists, voting on recommendations for the housing crisis, and the second reading of the draft law on communications and informatics.

 

[navira]

Just curious what the first amendment to the budget law for fiscal 2019 is

[DinarThug]

Just now, navira said:

Just curious what the first amendment to the budget law for fiscal 2019 is

 

The One Before The 2nd Amendment !  

 

     

[navira]

Lmao bro

[DinarThug]

4 minutes ago, navira said:

Lmao bro

 

Lol - It’s A Bro HaHa ! 

 

 

And Now Da’ Peeps Are Gonna Have To Go Back To The Previous Page To See What The Big Bro HaHa Was All About !  

 

     

 

 

 

https://cbi.iq/news/view/1174

Training Course (Head of Auditors for ISO22301, ISO27001, ISO2000) for the period (4-8), (18-22) and (25-29) / 2019/8

 

 

8th July, 2019

To all governmental and private banks and all financial transfer companies ( Head of Auditors
for ISO22301, ISO27001, ISO20000 ) ... Click here to view

 

 

Translation ....

At the government and private banks and the financial transfer companies, a training certificate issued later in the number of (Th19: 74 dated 20/20/2018, which includes the candidate for the subject of (ISO22301, ISO27001, ISO2oooo), which is to be established in this item and his concern OFFICIAL OFFICERS ONLY IN THE STANDARD OF ISO27001 INFORMATION MANAGEMENT SYSTEM. . Training course, two steps in the specification of horses System development Business Continuity Management (SO22301) Extendment 118 18 119 Instruction, hypocrites in the sense that it is in the class