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RCookie & Mr White News Time 6-13-16 Part 1 of 3
NEWSTIME WITH RCOOKIE and MR. WHITE Monday, June 13, 2016
Hutch says():HELLO FOLKS AND WELCOME TO NEWSTIME WITH RCOOKIE !
RCOOKIE ! THE NEWS HAS BEEN TREMENDOUS LATELY... WHAT IS COOKING FOR TONIGHT?
PARDON THE PUN
rcookie says():OK...SO WE'RE GOING TO START OFF BY TALKING ABOUT SOME OF THE TREMENDOUS PROGRESS TOWARD IMF INITIATIVES IN THE 2016 LETTER OF INTENT..MEMORANDUM OF ECONO MIC AND FINANCIAL POLICIES AND TECHNICAL MOU WE HAVE SEEN IN LAST 7-10 DAYS....
rcookie says():IT HAS BEEN OVERWHELMING AND NEEDS TO BE LOOKED AND AND ALIGNED WITH THE NEWS WE HAVE BEEN SEEING INCLUDING TODAYS...
SO.....WHO CAN TELL US THE 4 THINGS WE HAVE SEEN COMPLETED AND CHECKED OFF IRAQS CHECKLIST IN LAST 10 DAYS..OR LESS..
david334 says():Budget adjustment?
pacella says():taxes port fully
DIGIman1 says():deposit ins.
rcookie says():BUDGET NEEDS READJUSTING FOR SBA LOAN..
wmawhite says():A schedule for paying remaining foreign debt.....
rcookie says to wmawhite():THERE HE IS....
wmawhite says():ha, ha
Hutch says():DONT BE SHY, THE MORE PARTICIPATION BRINGS A BETTER UNDERSTANDING
pacella says():product law
rcookie says to wmawhite():OK SO QUICK REVIEW BEFORE THE TEST.....
Aria says():I know, DIGI... geez
rcookie says():ESTABLISHED DEPOSIT INSURANCE COMPANY
Preparing a Deposit Insurance Scheme which stipulates the establishment of a corporation to be licensed by the CBI, of which banks will have the opportunity to take a share in the capital;
ASSET DECLARATION FOR PUBLIC OFFICIALS REGISTRY FOR PUBLIC REVIEW
Implement the existing asset declaration procedures for high-level officials in order to improve governance and enhance anti-corruption efforts; the Public Integrity Commission will continue to publish the names of those who fail to submit their annual declaration.
sassy says():rcookie always been my major concern yay
rcookie says():ARREARS PAID..OIL BY END OF 2016..KUWAIT WAR REARATIONS 3 YEARS...
Survey, audit and pay domestic arrears. As a first step, the Ministry of Planning will complete, by end-February 2016, a survey of domestic arrears on investment spending accumulated by all ministries as of end-September 2015 (structural benchmark, Table 2) and the Ministry of Finance will complete a survey,
also by end-February, on current spending arrears accumulated by the same units as of end-September; in addition, similar surveys of arrears as of end-December2015 by end-March 2016, and as of end-March 2016 by end-May 2016 will be completed.
On the basis of each of these surveys, the government will prepare plans for the orderly payment of the arrears, which will include an independent audit of the arrears and a repayment schedule in line with the government’s financing capacity.
As of end-April 2015, the government identified ID 7.3 trillion in domestic arrears, out of which ID 5 trillion accumulated in 2015 (¶13); the Board of Supreme Audit will audit these arrears to check their validity by end-February 2016.
So far, the government has included ID 2.4 trillion for the repayment of domestic arrears in its revised2016 budget (¶25).
wmawhite says():that is a biggie........#19 LOI.......
rcookie says():PIM IDMS IBP
Implement Public Investment Management (PIM) reform with the assistance of the World Bank. On October 18, 2015, the Prime Minister issued a decree endorsing the Public Investment Management Decision Process
Framework in line with World Bank recommendations covering investment selection, implementation, and ex-post evaluation.
By end-April 2016, the federal Ministry of Planning will set up a central PIM unit that will screen projects based on feasibility studies and develop and manage the Integrated Bank of Projects (IBP) to be operated as a sub- system of the existing Iraq Development Management System (IDMS).
YES SIR...EVERYONE REMEMBER THESE RECENTLY.......
nahner says():Yes we do.
david334 says():Yes thought of another Bank capital reviews and CBI licensing
rcookie says to david334):WE'LL GET THERE.....
rcookie says():OK MR WHITE ...LET ER RIP..
wmawhite says():This article is about the Iraqi Private Banking Association training Iraqi citizens in the fight against corruption, money laundering, and terrorism financing within the Iraqi financial sector. The association had their first graduating class and they were congratulated by the Governor of the Central Bank of Iraq.
Governor of the Central Bank will meet graduates with a degree who specializes in anti-money laundering and terrorism financing
Economywmawhite says():News: / Baghdad ...He praised the Governor of the Central Bank of Iraq on the Keywords big efforts made by the Iraqi private banks association for Ttoiralqtaa banker, explaining that this is one of the most important tasks undertaken by the Association.
He said the governor during a meeting at his office on Sunday graduates with Shehadi, a specialist in the field of combating money laundering and terrorist financing, the central bank is ready to cooperate with the Association in the implementation of programs is in the financial and economic sector interest
Aattabralalaq and the subject of the fight against money laundering, a fundamental criterion for dealing with any bank because it reflects the work of the bank in terms of financial integrity and professional and ethical work.
He stressed the importance of the pillar banks are basically in the fight against money laundering by virtue of its location and its possibilities and capabilities.
Keywords noted that the central bank developed a special anti-money laundering unit and is now in the process of activated to keep up with local and international requirements.
The graduates and the 15 trainees have recently completed a training course, hosted by the Association of Private banks and their cooperation with the World ACAMS Iraqna.
According to the Association of Banks Maderaltnive Tariq Ali, who Houdralamkablh along Almstcharaleghanona Association Laos Tariq endeavor of the Association for the development of training plans, especially in the field of combating money laundering and terrorism financing in order to serve the banking sector and the creation of advanced banking cadres.
wmawhite says():.....the importance of this..........is that Iraq is now training their own citizens to do what other countries were having to do for Iraq
This is the building of "Institutions"......
rcookie says to wmawhite():WOW!!!..THAT IS HUGE!!......AND GREAT POINT ABOUT INSTITUTION "PILLAR" BUILDING...
wmawhite says():Here a \n Association of Private Banks,.....is taking the lead in fighting corruption.
Iraq is "turning the corner" and will earn the respect from other countries.
rcookie says to wmawhite():SPEAKS TO UST & INTERNATIONAL AGENCY INVOLVEMENT & INFLUENCE TOWARD AMF ACTIVITIIS IN COOPERATION WITH GUIDELINES IMF/WB/WTO
rcookie says to wmawhite():AND EVERYONE WILL BE NEEDING TEIR CHECKLISTS.....READY...
david334 says():just amazing accomplishments in short time
wmawhite says():Action as required by the LOI............. dated December 2015.......
rcookie says to wmawhite():IMF 2016 LETTER OF INTENT
20. The government will implement reforms on anti-money laundering and combating the financing of terrorism (AML/CFT). This will improve the integration of the domestic financial system into the global economy and lower transaction costs, improve governance, and reduce the size of the informal sector.
As a first step, the government will, by end-February 2016, draft, with the help of IMF technical assistance, and adopt a by-law to set up a mechanism to comply with the relevant United Nations Security Council resolutions related to terrorism financing and Recommendation 6 of the Financial Action Task Force on Money Laundering (FATF).
wmawhite says():back to you rcookie....Thank you.....
david334 says():They are doing that on Wall Street for identifying funny money early on
wmawhite says():Folks............none of this is made up........
Hutch says():GREAT STUFF MR WHITE ! THANK YOU !!!
rcookie says():AWESOME REPORT MR WHITE....
david334 says():today mandatory
rcookie says():AND IF YOU WANT TO SEE HOW SERIOUS THEY ARE ABOUT THIS IN PREPARATION FOR WTO ACCESSION...AND GLOBAL COMPLIANCE ....SIMPLY GO TO THE CBI WEBSITE AND LOOK UNDER "STRATEGIC PLAN 2016-2021"...
THE IMF METAC WORKSHOPS FOR THE TRAINING....AND LOI/MEFP/TECH MOU AS A TEMPLATE...
SRW says():Will CBI and GOI meet the deadline?
wmawhite says to SRW():which deadline?????
SRW says():On the 17th
wmawhite says to SRW():for what?
watson1 says():the dead for cash my dinar in
SRW says():Article 8
wmawhite says to SRW():Lets address this......
Hutch says():THANK YOU MR WHITE
wmawhite says to SRW():the IMF nor the CBI has ever stated that there is a deadline concerning the CBI acceptance of the requirements for Article 8.
Sorry, I just do not know where this comes from.
wmawhite says to SRW(7:06 PM):
can't say anything else
wmawhite says to SRW():finished