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Rcookie / Mr White & Hutch News Time 10-04-16 Part 3 of 3
Iraq boosts financial status globally
October 3, 2016 BAGHDAD / Hussein Tgb Shokran Fatlawi
Iraq’s move to the white list, according to the most important international financial groups to monitor the movement of funds strengthens its position internationally, and imposes new responsibilities on the financial affairs of specialized institutions to maintain this achievement is the adoption of the best ways to control and develop expertise working within this area
Iraqi Central Bank Governor Dr. Ali Mohsen Keywords count in his speech for the «morning» to remove Iraq from the gray list to the white step that put the country under the confidence of foreign parties and open in front of the various economic outlets that the country’s situation in the gray list fills in front of him most of the ports, as is happening with neighboring Iran.
He said in his speech Keywords «morning» that the meeting which was held recently emerged from the achievements of the country are calculated after taking inter procedures and requirements which came out of the framework of the conditions precedent and will present a report to the Board of Directors for the rehabilitation of this site is important.
The FATF «fatf», the highest international group drove Iraq from the gray list to the white after a follow-up movement of Iraqi funds.
For his part, economist d. Ahmed Abrihi that Iraq represented the government and the central bank managed to fight money laundering and set up much better than the previous arrangements.
He Abrihi in an interview summary that the country’s transition to a better calendar means that he was serious and sincere in reaching the best mattress to get out of the danger zone.
While a member of the Baghdad Economic Forum jeweler Amer said, a large body of information leaked about the intention of the FATF, the highest international group to monitor global money move to remove Iraq from the gray list to the white list in light of the number of the Iraqi Central Bank action in.
The time in which this group is based on a number of measures taken by the Central Bank of Iraq, but it is necessary to approach the central bank to take all steps to ensure preservation of those gains and to promote measures that will ensure the rule of the principles of corporate governance, disclosure and transparency in all financial transactions and to all banks.
It is well known to everyone striking imbalance to look at capacity and credit operations of the Iraqi government and private banks and the problems experienced by a number of private banks and the extent of its impact on the credit of labor standards and thus on the business environment in Iraq from the international telescope time when Iraq is seeking to promote and attract foreign investment to compensate for the decline in the government’s financial capacity to implement projects and business.
The Executive Director of the Association of Iraqi private banks Tariq Ali has pointed out that the association supports the move and has established cooperation with the Central Bank through the establishment of a unit to combat money laundering in all banks Iraqi.
He noted that the association has organized specialized courses for the staff of banks in order to provide them with the expertise and skills developed and adopted in the best global banks, after the contract with an international company, which saw the last period graduated 40 local expertise specialized anti-money laundering distributed among a number of Iraqi banks, which in turn prevents any cases manipulation and so be prepared to stay in the white list and we keep our seat them.
He stressed that the ongoing efforts to create operating efficiencies banking units anti-money laundering and exercised a major role in the oversight process, which leads to the creation of a sophisticated banking system has the confidence of local and international beneficiaries.
Competent in economic affairs Hasan Ali Abdul Karim said that Iraq is in dire need of strengthening the bridges of trust of the international financial sector and banks sober in particular,
Indicating that it helps achieve the highest degree of economic feasibility for Iraq, which is in dire need of the efforts of the international financial institutions that can invest their money in Iraq. The existence of Iraq in the white list according to classification
International institution reflects a positive image to move money into Iraq, and that there are policies that govern the movement and follow-up by the authorities inside and outside the country, indicating the importance that the central bank is working to double the efforts to maintain the positive image that looked bright in front of the international community moves Finance.
He pointed out that global organizations recognize the importance of Iraq on the apron of the international economy to the abundance of investment opportunities, where it monitors these institutions through its divisions, which owns the legal competences on a high degree of experience and reality of work and how to organize and streamline the laws that govern Money?
hutch says(): Monitor the convertibility of the dollar Offices
03/10/2016 Inclusion of 300 companies on the black list
Baghdad, Tariq al-Araji Yielded coordination between the Iraqi Central Bank and the Treasury and the Federal Reserve Bank on the status of US 300 and the Office of the company to convert the currency on the black list proceeded to transfer kickbacks to people suspects in areas under the control of terrorists.
Governor of the Central Bank on the Keywords said in a statement to «morning»: this «coordination is happening for the first time, as was the rules for the exchange of information on the movement of money put through the benefit of a layer US Federal Bank to follow the US dollar's movement program in accordance with the serial number printed on each a sheet".
Keywords noted that «the central bank and by linking it with the US Federal constantly Information receives in the event of go remittances to people in a restricted and occupied areas by« Daesh are to stop these transfers as if the amount went to the connector or others areas only under the control of the terrorist gangs, of these remittance ,
indicating that« the process contributed to the stop couriers and there are nearly 300 companies have been put on the black list because of this information. As revealed «coordinate with the Council of the judiciary and the security agencies to fight this dangerous phenomenon.
hutch says():LAST ONE
subgirl says to hutch():thanks Hutch! Awesome amount of news today!!!!
hutch says():ALL YOURS SUBBY !
subgirl says to hutch():thanks
subgirl says to hutch():ok everyone!!! we are having a live call in a bit here and bring in your questions!!!
subgirl says to hutch():REMEMBER to use ? MARK when asking questions and wait til HUTCH calls on you and says GO…
Also try to keep the questions in the same category that the newstime is in… THANK YOU! "After Call" - w/RCookie, Mr White & Hutch 641-715-3640 pin#528733
subgirl says to hutch():It is going to be very exciting on the call tonight!!! WOW!!!!!!
david334 says to hutch():Nice news chat doesn't get better!
subgirl says to hutch():So have your questions all ready to go with a ? MARK!!!!
subgirl says():SO MUCH NEWS GOING ON TODAY and this week!!!!!!!!!!!!!!!!!!!
david334 says to hutch():(handshake)
subgirl says to david334():641-715-3640 pin 528733#
subgirl says to david334):Get your questions all ready to go...
Pablo says(): When are the Mosul operations suppose to start?
Pablo says():Are they seating the remaining cabinet members this week?
hutch says to Pablo():Parliamentary sources: Abadi will provide a list reshuffle in two sessions Thursday or Saturday next two years Tuesday 04-10-2016 | 3:06:51
Parliamentary sources: Abadi will provide a list reshuffle in two sessions Thursday or Saturday next two years Tuesday 04-10-2016 | 3:06:51
Twilight News / According to parliamentary sources close to Iraqi Prime Alihump Haider al-Abadi on Tuesday that will give the final list reshuffle his booth on the current in the next two sessions of the House of Representatives.
The sources said, that al-Abadi will be presented to the cabinet reshuffle list to the House of Representatives to vote Hlleha Thursday's session or the next Saturday after agreement is reached on a candidate and the Interior Ministry.
Abadi was announced at the end of last August that he "will provide the rest of the cabinet reshuffle, including the ministries of interior and defense to the House of Representatives after the Eid al-Adha holiday.
hutch says to Pablo(): ANSWERING YOUR QUESTION NOW
Holly1 says to hutch():what you think about this ..... Required by banking companies a letter of guarantee 100% !!!
means the banking company is required to deposit the head of all the money 500 million fixed deposit is retractable !!
Ok how exercise Chierfat work if required to deposit all the capital?
Of course , banking companies will resort to banks and stem the imposition of kickbacks up to tens of millions annually !!
Note the letter of guarantee to increase the proportion of 10% to 100%........ Abeche today Dollar Iraqi Dinar Withdrawing liquidity reduces the demand for the dollar and thus declining dollar
Pablo says():Any guess as to how long it will take for them to get onto the white list or is there a formal timetable for it to be accomplished?
hutch says to Pablo():BEING TALKED ABOUT NOW
Pablo says():I'm done. I'll listen to the recording tomorrow.
Scotzgirl says():I just got home so don't know if you've discussed this - why did US refuse to guarantee bond?
hutch says to Scotzgirl():HAS NOT COME UP YET BUT WILL.... ARE YOU ON THE CALL?
Scotzgirl says():yes sir!
hutch says to Scotzgirl():NOT SURE IF THERE WILL BE AN ANSWER AS TO WHY THEY DID IT... BUT I'LL ASK
coco1 says():Did we ever sort out when Iraq's new fiscal year starts? Some were saying Oct. 1st, others saying Jan. 1st.
hutch says to coco1():WELL... OCT 1ST HAS PAST ....
hutch says to coco1():IT IS LISTED WITH THE UN AS CALENDAR YEAR
hutch says to coco1():DOES THAT HELP?
coco1 says():Yes, thanks Hutch!
ol lar says():no will wait till it is recorded
david334 says to subgirl(8:16 PM):
Iran being a theocratic dictatorship has to be way behind Iraq in terms of capital investment
hutch says to david334():OK GREAT COMMENT.....
david334 says to subgirl():thx:)
hutch says():THEY HAVE BEEN ASKING SOME REALLY GREAT QUESTIONS TONIGHT
subgirl says to hutch():yes they have!!! :)
coco1 says():There was suppose to be another IMF loan scheduled for sometime around mid-September. Has that been moved to end of their fiscal year?
hutch says to coco1():I LIKE IT !
subgirl says to coco1()::D
subgirl says to hutch()::D
coco1 says():Part of SBA
coco1 says():F document rcookie pointed us to. But have not seen any news if it has happened.
hutch says to coco1():ITS ON THE CALL
david334 says to hutch():Iran bad comp to Iraq chicken s##it versus chicken salad. Iran needs Iraq more than thre reverse. Which is a worry
Scotzgirl says():Will US intervene in Turkey sending unwanted troops into Iraq?
7shelia says():Could you ask them about the releasing of the cards that was suppose to of happened already
hutch says():ALREADY HAVE IT WAS 1ST ON THE LIST
hutch says):ITS ON THE CALL
flint says():Great Call! Thanks Rcookie, Mr White, Daytrader, Hutch, Subby, BGG, Mrs. BGG, and DU support
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