Parliamentarians: Recovering the proceeds of corruption requires serious steps

[yota691]

What does Chapter VI mean?

Charter deals with peaceful settlement of disputes

 

Chapter VI of the United Nations Charter deals with peaceful settlement of disputes. ... Chapter VI is analogous to Articles 13-15 of the Covenant of the League of Nations which provide for arbitration and for submission of matters to the Council that are not submitted to arbitration.

[jg1]

1 hour ago, yota691 said:

What does Chapter VI mean?

Charter deals with peaceful settlement of disputes

 

Chapter VI of the United Nations Charter deals with peaceful settlement of disputes. ... Chapter VI is analogous to Articles 13-15 of the Covenant of the League of Nations which provide for arbitration and for submission of matters to the Council that are not submitted to arbitration.

United Nations Charter, Chapter VI:
Pacific Settlement of Disputes

Article 33

1. The parties to any dispute, the continuance of which is likely to endanger the maintenance of international peace and security, shall, first of all, seek a solution by negotiation, enquiry, mediation, conciliation, arbitration, judicial settlement, resort to regional agencies or arrangements, or other peaceful means of their own choice.
2. The Security Council shall, when it deems necessary, call upon the parties to settle their dispute by such means.

Article 34

The Security Council may investigate any dispute, or any situation which might lead to international friction or give rise to a dispute, in order to determine whether the continuance of the dispute or situation is likely to endanger the maintenance of international peace and security.

Article 35

1. Any Member of the United Nations may bring any dispute, or any situation of the nature referred to in Article 34, to the attention of the Security Council or of the General Assembly.
2. A state which is not a Member of the United Nations may bring to the attention of the Security Council or of the General Assembly any dispute to which it is a party if it accepts in advance, for the purposes of the dispute, the obligations of pacific settlement provided in the present Charter.
3. The proceedings of the General Assembly in respect of matters brought to its attention under this Article will be subject to the provisions of Articles 11 and 12.

Article 36

1. The Security Council may, at any stage of a dispute of the nature referred to in Article 33 or of a situation of like nature, recommend appropriate procedures or methods of adjustment.
2. The Security Council should take into consideration any procedures for the settlement of the dispute which have already been adopted by the parties.
3. In making recommendations under this Article the Security Council should also take into consideration that legal disputes should as a general rule be referred by the parties to the International Court of Justice in accordance with the provisions of the Statute of the Court.

Article 37

1. Should the parties to a dispute of the nature referred to in Article 33 fail to settle it by the means indicated in that Article, they shall refer it to the Security Council.
2. If the Security Council deems that the continuance of the dispute is in fact likely to endanger the maintenance of international peace and security, it shall decide whether to take action under Article 36 or to recommend such terms of settlement as it may consider appropriate.

Article 38

Without prejudice to the provisions of Articles 33 to 37, the Security Council may, if all the parties to any dispute so request, make recommendations to the parties with a view to a pacific settlement of the dispute.

 

[yota691]

Iraq intends to seek the help of international companies to recover the smuggled money

Baghdad

Aktham Saifuddin

02 May 2021

 

Smuggled money is estimated at hundreds of billions of dollars (Getty)

Iraqi officials revealed efforts to recover money smuggled outside the country, by using international companies, stressing the presence of high coordination in this direction, while MPs played down the importance of that, considering that the forces of corruption prevent any steps to recover that money.

Observers disagree about the value of the money that has been smuggled over the long years since the US occupation of Iraq in 2003, but they agree that it is sufficient to fully rebuild Iraq, provide infrastructure, job opportunities, and establish mega projects.

According to the advisor to the President of the Republic, Ismail Al-Hadidi, "The President of the Republic (Barham Salih) is interested in the file of recovering smuggled funds, and there are ongoing procedures, work and coordination with Parliament, and meetings with the parliamentary legal and financial committees to enact an amendment to the law on recovering smuggled funds."

Al-Hadidi said, in a statement to the local Iraqi News Agency (INA), that "Parliament has expressed its readiness to amend the current law, so that all smuggled Iraqi funds can be recovered, and soon there will be an amendment to the law and a vote on it before it."

He explained that "the law includes how to recover money smuggled from abroad, in cooperation with international companies that adopt recovering it for certain wages," stressing that "the file needs external support, because most of the smuggled money and its smugglers are outside Iraq, and therefore there is a need for international solidarity."

Al-Hadidi pointed out yesterday that "the international companies that will adopt the issue will pay their wages after recovering the smuggled money, according to legal principles," stressing that "the law must be tight and adopt the recovery of these funds, as it is an important step, and met with great interest before The President of the Republic and the Iraqi Parliament. "

The Iraqi president had confirmed, in early March, that he was preparing a legal code dealing with mechanisms to recover money stolen from Iraq, which are located abroad. This is his second comment in less than six months, as he had previously said, in October 2020, that Iraq is continuing to recover the stolen money and prosecute the corrupt.

However, Iraqi lawmakers reduced the possibility of recovering what was smuggled, saying that "the influence and power of corruption prevents the possibility of taking any decision in this direction."

"The file needs a courageous decision from the Iraqi state, with all its components, as the matter needs a political, legal and administrative decision," Ali Al-Badiri, the representative of the Iraqi coalition, told Al-Arabi Al-Jadeed.

He added that "corruption has become a consuming issue, and most of the measures to curb corruption are formal, and the reason is that influential bodies have great control over the political decision in the state, and it prevents harsh and strong measures against the corrupt."

He stressed that "the law in Iraq applies only to the poor. As for corruption whales, it is difficult to apply it to them, because they are influential and decision-makers, and most of the course of affairs is under their control."

In turn, an official in the Iraqi Integrity Commission considered that "the stolen money cannot be recovered, unless the influential forces are eliminated, which prevent any movement in this direction."

The official told Al-Araby Al-Jadeed: “It is known that the parties that looted these funds still have wide political and parliamentary influence.

He added, "Those forces used their governmental and political influence in the smuggling operations, and paid commissions to several parties and provided fake receipts, and other steps, which cost them a lot, as their political power is linked to their financial strength."

He continued, "The Integrity Commission has files condemning a number of high-ranking officials and their parties to the file of smuggled funds, and some of them have been submitted to the judiciary, but have been blocked by political pressure," noting that "any step towards restoration will be doomed to failure, except in the event that those powers are disposed of." And its political and parliamentary influence. "

The Minister of Finance, Ali Allawi, estimated the looted funds from Iraq at about 250 billion dollars, stolen since 2003 until now, and this amount builds many countries, and these thefts have led to a decline in Iraq's economic capabilities.

However, the Parliament's Integrity Committee had estimated, at the beginning of this year, the volume of smuggled funds at about 350 trillion dinars (239.7 billion dollars), a number that exceeds the country's budget for more than two years, but former member of the Parliament's Financial Committee, Rahim Al-Darraji, confirmed that the value of the looted money It amounts to about $ 450 billion.

 

[horsesoldier]

Seeking....? So many questions and “ Go Fish “ might be an answer they may not be happy with.

A lot of pressure has to applied to foreign financial institutions to pony up and release all those Billions of $$$$$.

[GreedyDinar07]

They shouldn't receive a dime until they Rv their currency. If they get that money back it will be squandered and stolen. 

[horsesoldier]

4 hours ago, GreedyDinar07 said:

They shouldn't receive a dime until they Rv their currency. If they get that money back it will be squandered and stolen. 

Squandered & Stolen for a second time at the very least 

[yota691]

 

Parliamentarians: Recovering the proceeds of corruption requires serious steps

Sunday 22 August 2021 144

 

 Baghdad: Huda Al-Azzawi

 

Earlier, the President of the Republic, Barham Salih, submitted a draft law on "recovering the proceeds of corruption" to the House of Representatives to strike the dangerous scourge that has disrupted the building of the country and deprived the people of its wealth. Once again, this law returned to the parliamentary debate table.

The draft law includes “deterrent proactive measures” and “later steps to recover corruption funds,” which the President of the Republic said had caused the loss of huge funds “estimated in billions” of Iraq’s total oil imports since 2003, including 150 billion dollars that were smuggled out of the country.

The leader of the National Approach, Muhannad al-Atabi, explained in an interview with "Al-Sabah", that "a lot of the looted and stolen money in the hands of the corrupt is in international banks and banks and large financial blocs, and this matter makes the Parliament and the Iraqi government in front of a great legal responsibility to recover this money, especially that this The responsibility will be doubled because of what the President of the Republic offered." Al-Atabi called on the government to “take serious steps to recover these sums that were stolen and deposited in Arab banks, as we were informed that 20 billion dollars were deposited by the corrupt in one of the banks of an Arab country and then transferred to other foreign international banks and banks, and there is a state of freezing of these funds by Britain. And America, and therefore the diplomatic and judicial effort, and the prime minister's office, should take serious steps first to recover these funds and expose these corrupt people."

Member of the Parliamentary Legal Committee, Rashid Al-Azzawi, praised the project to recover the looted funds, and considered it a positive step, provided that it is "thoughtful and not liable to error."