Millionday News 10/13/14 Part 2
Millionday: NOTE --- THIS IS TO SHOW THE MANY CONTRACTS AND POSSIBLITIES AVAILABLE OBVIOUSLY WITH LESS RED TAPE THEN WE HAVE SEEN
Millionday: an interface civil and civilized. his part, said Managing Director of the company Iraq progress specialized establishment exhibitions Ali Bashir al-Naimi said the Baghdad Expo represents economic event allows participants to display their potentials and capabilities in all areas in front of the public and government officials in the state to see them.
added Naimi (morning): The participation in exhibitions opens the way for direct contracts between the participating countries and the host country, whether at the level of the private sector or the government sector.
Millionday: NOTE -- DIRECT CONTRACTS BETWEEN THE HOST COUNTRY AND THE PARTICIPATING COUNTRIES IS WHAT WE WANT TO SEE -- INTERNATIONALLY ACCEPTED PAYMENT --- CONTRACTS -- THIS IS GREAT NEWS
Millionday: He pointed out that the majority of international exhibitions must end with the signing of contracts, agreements or swaps trade even among the countries participating in the exhibition one.
mentions that the number of countries that participated in the previous session of the Baghdad International Fair exceeded 32 countries, including 18 in an official capacity, while the number of Iraqi companies Arab and foreign barrier thousandth company.
Millionday: THIS WAS A PRESS CONFERENCE ABOUT THE UPCOMING FAIR FOR CONTRACTS TO COME INTERNATIONALLY FOR GLOBAL BUSINESS
Lulupulu: When is this international fair ?
Millionday: I WAS JUST LOOKING AND DONT SEE A DATE -- I AM SEARCHING FOR IT
Millionday: THIS WAS A PRESS CONFERENCE ABOUT IT AND IT IS DIFFERENT THAN WE SAW IN THE PAST MANY YEARS
Millionday: WE HAVE NOT SEEN A DIRECT DEMAND FOR CONTRACTS FROM THE ATTENDING COUNTRIES THAT I CAN REMEMBER -- THEY WERE BEFORE JUST SHOWING WHAT WAS COMING AND NOT INCLUSIVE OF THE MINISTRY OF COMMERCE
Millionday: DO YOU REMEMBER ROBIN THE PAST ONES DIDNT HAVE THAT IN THERE
Millionday: THIS SEEMS A LOT DIFFERENT AS IF THEY ARE GOING INTO BUSINESS SO WE SHALL SEE
Millionday: BRB WITH MORE NEWS
Millionday: NOTE -- IT APPEARS THAT THEY ARE REFERRING TO LAST THURSDAY AND THEY ARE SAYING 48 HOURS WHICH WOULD GO WITH WHAT WE HAVE SEEN IN THE REPORT WE JUST READ
Millionday: - Alaa al-Tai will reveal the next 48 hours unveiled the names of candidates for the ministries of defense and interior, which reduces the line-up so far,
a hushed and kept large by the commanders on the display names despite assurances compatibility on them, while continuing consultations between the parliamentary blocs to work on the success of the session next Thursday for the vote of confidence for the two names Mnha.
ourgem prime minister vowed to decisively file interior and defense portfolios as soon as possible, but the political blocs and the House of Representatives did not Anvkoa claim of urgency in completing the line-up and not to repeat the experience of the previous government to leave the positions and the agency,
especially with what experienced by the country to develop a security risk extends to the entire region requires discharge figures efficient and
Millionday: NOTE -- SO IT SEEMS THE MOST IMPORTANT OF COURSE IS THE MINISTERS AND THE PARLIAMENT CHANGES AND VICE WILL BE THURSDAY BUT THIS IS SO STRANGE HOW THEY KEEP EVERYONE GUESSING IT SEEMS THEY ARE TRYING TO CONFUSE
Millionday: with considerable experience in dealing with Alammer.oukal National Alliance MP Khalid al-Asadi told the "morning": that the political blocs continue its consultations on the names of candidates to take over the security ministries,
referring to the that the next 48 hours will see an agreement on the names of the names forged a consensus of parliamentary blocs for a vote in the House of Representatives
Millionday: SO WE WILL STICK WITH THAT WHAT DAY IS THIS -- LOL
Millionday: WE WILL SEE IF THIS MEANS TUESDAY OR THURSDAY AFTER IT IS DONE AND GET OVER IT SMILE
Millionday: BRB WITH MORE
Millionday: HERE WE GO
Millionday: IRAQ IS ATTENDING
Millionday: The US-MENA Private Sector Dialogue (PSD) initiative was launched in 2006 through extensive efforts from the Union of Arab Banks (UAB) in cooperation with the US Department of the Treasury, the Federal Reserve Board of New York, and the Arab Bankers Association of North America,
whereby Banque du Liban Vice-Governor, Dr. Muhammad Baasiri a co-founder and first-year president of MENAFATF and UAB Secretary General Mr. Wissam Fattouh led efforts from the MENA side to launch this USMENA PSD and subsequently Dr. Baasiri was elected as the chairperson of this initiative.
Millionday: This initiative launched to sustain, reinforce and strengthen the mutual relationship between the Arab and US banking sectors. This initiative provides an open discussion platform within the Arab and US financial sector to discuss common matters of interest
and to explain its viewpoint of various issues with the participation of officials. This year's US-MENA PSD Conference chooses the issue of "Correspondent Banks" for what it holds of great importance and controversy at the same time.
Millionday: NOTE -- THE BANKING INDUSTRY AND THE LINKS BETWEEN THE US AND THE ARAB NATIONS
Millionday: READ ALL OF THIS -- VERY INTERESTING
Millionday: Arab banks has witnessed recently the closure of Arab accounts' by its US counterparts as a result of the various laws, legislations and regulations issued by the US regulatory authorities.
The US PATRIOT Act defines correspondent banking as "any account established for a foreign financial institution to receive deposits from, or to make payments or other disbursements on behalf of, the financial institution, or to handle other financial transaction related to such foreign financial institution" .
Millionday: EXPLANATION >>>Correspondent banking play a vital role in international trade and finance.
Through correspondent banking relationships, correspondent financial institutions provide a wide range of services to respondent financial institutions, including clearing, cash and treasury management, investment, custody,
foreign exchange, and learning services. Poor controls over correspondent bank activities and sanction violations connected through corresponded accounts, can lead to catastrophic consequences.
Millionday: NOTE -- THEY MUST BE INTERNATIONALLY RECOGNIZED
Millionday: NOTE -- INTERNATIONAL COMPLIANCE IS WITHIN BASEL REQUIREMENTS
Millionday: The Union of Arab Banks' (UAB) Best Practices on AML / CFT, the Financial Action Task Force's (FATF) updated recommendations, the Basel committee on Banking Supervision's due Diligence and the International Financial Corporation's (IFC) "Correspondent Account KYC Toolkit" are the products of regional, International and Multinational bodies
Millionday: Other initiatives have been developed by the financial industry itself, such as the Wolfsberg Anti-Money Laundering Principle for Correspondent Banking and the Clearing House "Guidelines for Counter Money Laundering Policies and Procedures in Correspondent Banking".
More Guidance has been issued directly by regulators such as the Federal Financial institutions Examination Council's BSA / AML and legislation including the US Patriot Act.
Millionday: As a result of these initiatives, many banks have made major changes in their procedures for correspondent banks relationships and their ongoing due diligence and monitoring of these accounts.
To manage the risks of correspondent accounts the financial institution ought to:
- Account Due Diligence: Assess the risk of the jurisdiction in which the correspondent banking customer is operating, to assess the strength of AML and overall regulatory regime.
Assess the correspondent bank's ownership, management, structure, AML compliance program, history of regulatory compliance, keeping in mind that some obstacles can occur to the free flow of information due to local privacy laws ...
Millionday: NOTE -- YOU MUST BE ON THE UP AND UP SO TO SPEAK
Millionday: NOTE -- YOU CAN ALL WATCH THIS ON YOU TUBE
Millionday: Forum The 5th US-Mena PSD on Correspondent Banking
14th and 15th October 2014 New York - BNY Mellon
Millionday: IT STARTS ON THE 11TH AND IF YOU ARE PLANNING ANY EXTENDED INVESTMENTS WITH THE MIDDLE EAST IT MAY BE FOR YOU
Millionday: ALL I WILL SAY ABOUT IT -- BRB WITH MORE
jtank: are all countries good with FATCA?
Millionday: YES AS FAR AS I CAN SEE -- IT IS ALL ABOUT GLOBAL GROWTH
Millionday: HERE IS SOMETHING ELSE He described the IMF weakness of the European economy as the biggest concern, a feeling expressed by many policy makers and economists and investors who gathered in Washington to attend meetings of the IMF's fall, which concludes on Sunday.
The committee urged the IMF countries to implement difficult reforms from the political perspective of the labor markets and security meetings to ensure the provision of government funds to invest in infrastructure and job creation, employment and enhance growth.
The Committee called on central banks to cautious when it detects changes in their policies to avoid causing shocks in the financial markets. It did not give the name of any central banks,
but it seemed that the warning is addressed to the Federal Reserve (the Fed), which will end this month, the quantitative easing policy in which it operates and it seems to be heading towards the start procedures for increases in interest rates around the middle of next year.
Millionday: THE GLOBE IS SUFFERING AND ALL WE SEE EVERYWHERE IS THE NEED FOR EMERGING MARKETS TO MOVE FORWARD WITH ALL REFORMS -- IRAQ IS ONE OF THEM AND SEEM TO BE IN A RUSH
Millionday: WE LIKE THAT
Millionday: HERE IS A SPEECH ABOUT THE MINISTERS AND WHY THERE SHOULD BE NO PROBLEM
Millionday: end Alasbua.oshdd Asadi in his speech on the need to be done to resolve the file security ministries and naming ministers of interior and defense, stressing the seriousness of the parties in the coalition and the rest of the blocks to end the matter,
noting that a simple disagreements about the forged names should not stop then, waving the support of the majority of the blocks to take the head of the Badr Hadi al-Amiri office of the Ministry of the Interior,
with the possibility of cross-compatibility on Khalid al-Obeidi as defense minister from the coalition forces. In turn, the MP for the coalition united for reform were part of the coalition forces Iraqi Khalid al-Obeidi, that the coalition has no objection to the candidate of the Badr Organization parliamentary Hadi al-Amiri to the inner bag.
THE OBSERVER - Oct 13th - http://dinarupdates.com/observer/
Millionday: SO AS WE SEE THIS IS WHY NO PROBLEMS SEEM TO BE COMING ABOUT THE NAMES IN PLACE BUT ALSO THEY SAY THEY ARE NOT THE NAMES EXPECTED SO WE JUST WANT ANY NAMES AT THIS TIME BUT LET ME TELL YOU –
THIS IS VERY IMPORTANT FOR GLOBAL SECURITY AS WELL SO IT IS NOT JUST A REPORT OR A CHECK MARK -- ISIS AND DAASH ECT IS VERY IMPORTANT TO RESOLVE FOR THE SECURITY OF THE GLOBE
faith1: possibility of cross compatibility,,, article says,,, ? we read a month ago i believe that cross is ready international and with citi here in usa ??
Millionday: YES WE HAVE MANY INTERNATIONAL BANKS IN IRAQ AND ALSO -- THERE IS AN ARAB BANKING CONFERENCE GOING ON RIGHT NOW AND SO MANY MORE -- WASHINGTON --- NEW YORK -- GENEVA --
RML: CBI Q:Is there any indication that the CBI will do what all the central banks have done when their governments need money to fund wars? I.E., loan the gov money based on the gov putting up their sovereign bonds as collateral? Bonds that must have real-world value to function as collateral??
Millionday: THE THING IS THAT CBI WOULD BE THE BANK THAT IS TO BE LOANED TO
CBI CANT LOAN THEMSELVES MONEY -- SO THEY ARE RECEIVING GRANTS BUT THOSE WERE ONCE IN THE RECENT TIME PERIOD BUT OTHER BANKS WOULD BE THE LOANERS
AND I DONT SEE THAT WITH WHAT WE ARE HEARING FROM IRAQ -- THE GLOBE IS BROKE
meliahlore: Is the fact that Dinar dealers are now asking for Social Security numbers an indication of anything?
Millionday: IT IS AN INDICATION THAT THEY ARE GOING TO TRACK WHAT YOU HAVE BY YOUR SS # AND THAT MEANS TAX DETECTIVE WORK OR NEW REGULATIONS COMING -- ANY CHANGE IS GOOD NEWS
meliahlore: Thank you. My dealer just added that requirement! Peace.
Millionday: VERY INTERESTING -- LOVE NEW REGULATIONS
Millionday: BRB WITH MORE
Millionday: THIS IS WHAT WE WANT TO HEAR AND SEE IN PRINT
Millionday: Federation of Chambers of Commerce confirmed that the activation of economic relations with the countries of the region and the world at the forefront of the agenda of the family business through joint business councils formed in collaboration with the organizations and unions in many countries of the world,
at the time urged the government program to activate relations with various countries in the region.
The head of the Federation of Chambers of Commerce, Jaafar al-Hamdani, in a press statement that the commercial movement represents the axis is important in the economy of the country,
noting that the government program focused on the development of the commercial private sector and that this puts us in front of new responsibilities where Taatzafar our efforts with the government effort to bypass the determinants of work that was confuse reality business.
Millionday: NOTE -- THE ACTIVATION OF ECONOMIC RELATIONS TO THE COUNTRIES OF THE WORLD IS TWO FOLD -- MARKET ECONOMY AND INTERNATIONAL RECOGNITION
Millionday: NOTE -- THE LOCAL PRICES WILL BE LOWER THAN THE IMPORTED PRICES SO THE MARKET IN IRAQ CAN STRIVE TO BE SUCCESSFUL AND SUPPORT THEIR CITIZENS
Millionday: He added that the committees Union sustained in the implementation of its action plan to follow up the local markets, especially in the detailed prices, which chime and the lives of the citizens,
as well as the reality of supply and demand, and the commitment of the family business to reduce prices by 20 percent, which contributed to maintaining a constant level of prices in light
Millionday: DETAILED PRICES WOULD BE THE PRICING INDEX WHICH WITH ECONOMIC REFORMS ARE A GIVEN --
Millionday: THE ACTIVATION OF ECONOMIC RELATIONS TO THE COUNTRIES OF THE WORLD ARE IMPOSSIBLE WITHOUT A REALITY RATE
Millionday: FAIR TRADE IS HOW ECONOMICS WORKS -- FROM 8TH GRADE
Millionday: LOVE TO YA AND SEE EVERYONE TOMORROW AT 730 EST
THE BLOG - Dinar Daily NEWS Blog Oct 13th - http://www.dinarupdates.com/blog/
**magnetlady: http://www.dinarupdates.com/blog/ == then click on first blue box with today's date in it,,, Call with BGG