Go to Comments
Post From Dinar Updates
Chat Room News Excerpts & Highlights
Dinar Updates Friday Early PM Chat 12-30-16 Part 2 of 3
rcookie says():SO...HERE THEY OUTLINE THAT BY END OF DECEMBER 2016 IRAQ WILL ADOPT REGULATIONS TO ENFORCE AML/CFT PREVENTATIVE MEASURES FOR LICENSED ENTITIES IN LINE WITH THE 2015 LAW LAW ADOPTED BY UN SECURITY COUNCIL ^ RECOMMENDATION 6 OF THE FINANCIAL ACTION TASK FORCE (FATF)...
rcookie says():As a second step, the CBI will develop its supervisory capacity to enhance the compliance by these entities with AML/CFT obligations. In this respect, it will adopt risk-based AML/CFT onsite inspection procedures by end-January 2017, and tools for AML/CFT offsite monitoring of licensed entities by end-April 2017.
It will allocate 5 experienced supervisors to properly cover AML/CFT issues during onsite examinations and ensure effective implementation. The CBI will recruit 5 additional experienced supervisors by end-January 2017.
rcookie says():AND HERE...AS A 2ND SWTEP TOWARD THIS END THE CBI WILL BY THE END OF JANUARY 2017 WILL DEVELOP ITS SUPERVISORY CAPACITY AND ADOPT RISK BASED AML/CFT ON SITE INSPECTION PROCEDURES...AND BY APRIL 2017 TOOLS FOR MONITORING LICENSED ENTITIES....
rcookie says():THEY ALSO AGAIN...OUTLINE 5 EXPERIENCED SUPERVISORS TO PROPERLY COVER THE AML/CFT ISSUES & EFFECTIVE IMPLEMENTATION OF ONSITE INSPECTIONS...AND BY END OF JANUARY 2017 RECRUIT 5 ADDITIONAL SUPERVISORS IN THISCAP ACITY...
rcookie says():The CBI, in coordination with the AML/CFT Council, will provide the Financial Intelligence Unit (AML Bureau) with all the necessary financial, human, and technical resources to ensure a fully operational and effectively functional unit. The CBI will provide an appropriate budget to the AML Bureau by end-December 2016.
Furthermore, the AML Bureau will recruit 5 additional experienced financial analysts14 by end-March 2017 to analyze the suspicious transactions reports and disseminate them on a timely basis to the law enforcement agencies. The AML Bureau will recruit 5 additional experienced financial analysts by end-March 2018.
rcookie says():SO...HERE AS IN PREVIOS IMF LOI/MEFP/TMU THEY OUTLINE IN COMPLIANCE WITH AML/CFT COUNCIL WILL PROVIDE THE FINANCIAL INTELLIGENCE UNIT WITH THE NECESSARY FINANCIAL, HUMAN, & TECHNICAL RESOURCES FOR THE FIU...
AND BY THE END OF DECEMBER 2016 THE CBI WILL PROVIDE AN APPROPRIATE BUDGET TO FIU...
AND BY THE END OF MARCH 2017 RECRUIT 5 ADDITIONAL EXPERIENCED ANALYSTS FOR ANALYZING THE SUSPICIOUS TRANSACTION REPORTS & DISSEMINATE THEM TO LAW ENFORCEMENT AGENCIES ON A TIMELY BASIS...
rcookie says():LASTLY...THE FIU (AML BUREAU) WILL RECRUIT 5 ADDITIONAL EXPERIENCED FINANCIAL ANALYSTS BY THE END OF MARCH 2018...
rcookie says():The government will adopt a comprehensive cash-couriers’ regulation to implement the requirement of Article 34–35 of the AML/CFT Law and in line with FATF Recommendation by end-December 2016.
The Customs Administration will then take the appropriate measures to effectively implement the regulation in order to detect the physical cross- border transportation of currency and bearer negotiable instruments that are suspected to be related to terrorist financing, money laundering or associated predicate offenses, or that are falsely disclosed.
rcookie says():IN THE LAST SEGMENT OF THE A,L/CFT REFORM MEASURES SECTION...IN ACCORDANCE WITH AML/CFT LAW ARTICLE 34-3% THE GOI WILL ADOPT A COMPREHENSIVE CASH-COURIERS REGULATION BY THE END OF DECEMBER 2016,,,,
THIS WILL PRECED THE IMPLEMENTATION BY THE CUSTOMS ADMINISTRATION TO IMPLEMENT THE REGULATION IN ORDER TO DETECT THE PHYSICAL CROSS BORDER TRANSPORTATION OF CURRENCY AND BEARER NEGOTIABLE INSTRUMENTS SUPECTED TO RELATE TO TERRORISM FINANCING, MONEY LAUNDERING OR RELATED OFFENSES...
rcookie says():AND THAT IS THE AML/CFT SECTION...AND LEADS TO THE FINAL AND CONCLUDING SECTION PROGRAM MODALITIES AND MONITORING....
loop says():Drum roll
rcookie says():Program Modalities and Monitoring
46. To facilitate effective program implementation, the government requests a rephasing to move from quarterly to semi-annual reviews based on performance at mid- and end-year. Data requirements, including on timeliness, and the need to prepare audited data, make frequent reviews difficult, especially given the need to hold the reviews off-site (in Jordan).
Hence, the government requests to move to semi- annual reviews and the associated rephasing of the arrangement to reduce the burden on the government to produce such data and also to allow more time for the reforms to be implemented and the data for program monitoring to be prepared.
The semi-annual reviews would continue to have PCs on the non-oil primary balance, the stock of total public debt, the stock of net domestic assets of the CBI, official foreign exchange reserves, the non-accumulation of new external arrears, the stock of outstanding arrears to IOCs and two IT on social spending and the stock of outstanding domestic arrears on non-oil investment (Table 1).
The program would also have indicative targets on all these variables at the end of the first and third quarters of the year. In light of the revised fiscal program in 2016 (¶29),
the government proposes to modify the level of the PCs on the central government non-oil primary balance, the gross international reserves of the CBI, the net domestic assets of the CBI,
and the gross public debt at end-December 2016. In light of experience, the government also proposes to modify the definition of the PC on the non-oil primary balance, total public debt, GIR and NDA and to add a few adjustors to the PC on non-oil primary balance, GIR and NDA (¶16).
Each program review will set a few SBs in areas that are essential for the success of the program (Table 2 contains the list until the third review). The second review will take place on or after April 15, 2017, and the third review on or after October 15, 2017.
rcookie says():SO HERE IRAQ REQUESTS TO MOVE FROM QUARTERLY REVIEWS TO SEMI ANNUAL REVIEWS BASED ON MID AND END OF YEAR PERFORMANCE & BE HELD OFF SITE IN JORDAN
AND INCLUDE TIMELY AUDITED DATA PREPARATION BY MOVING TO SEMI ANNUAL REVIEWS LESSWEN THE BURDEN ON GOI TO PRODUCE THE DATA...
THE NEW REVIEWS WILL CONTINUE TO HAVE PC’S ON NON-OIL PRIMARY BALANCE, PUBLIC DEBT STOCK BALANCE, STOCK OF NET DOMESTIC CBI ASSETS, OFFICIAL FOREIGN EXCHANGE RESRVES.
FREEZE ON EXTERNAL ARREARS, STOCK OF OUTSTANDING ARREARS TO IOC’S, AND 2 IT’S ON SOCIAL SPENDING & STOCK OF OUTSTANDING DOMESTIC ARREARS ON NON-OIL INVESTMENT...):
rcookie says():FURTHERMORE THE PROGRAM WILL HAVE INDICITIVE TARGETS (IT) FOR ON ALL OF THESE CRITERIA AT END OF 1ST & 3RD QUARTERS...
LASTLY...THE GOI WILL MODIFY PC’S & SB’S ESSENTIAL TO PROGRAM SUCCESS...AND ANNOUNCES THE DATE OF THE 2ND SBA REVIEW TO BE ON OR AFTER BAPRIL 15TH, 2017...AND THE 3RD REVIEW TO BE ON OR AFTER OCTOBER 15TH, 2017...
rcookie says():SO THEY JUST ANNOUNCED THE DATES OF THE 2ND & 3RD SBA REVIEWS................
digiman1 says to Okie Dinar (privately)():ok ready lol
rcookie says():SO..THAT IS 4 DAYS WORTH OF BREAKING DOWN THE ENTIRE 1ST IMF SBA REVIEW LOI/MEFP/TMU....WITH DETAILED DESCRIPTION OF THE INITIATIVES AND DEADLINES FOR ATTAINMENT.....
loop says():THat was awesome
hutch says():LOTS OF WORK THERE !
rcookie says():NO NEED FOR GUESSING..SPECULATION OR LISTENING TO SOME GURU DISCOMBOBULATE ANY OF THE DETAILS....
sassy says():rcookie thank you for all your work
loop says():All of their action align with the requirements of the SBA.
rcookie says():YVW...HOPE IT HELPS...CHECKLIST AT THYE READY...AND FOLLOW THE NEWS ARTICLES WITH INFORMED EXPECTATION AS THE REALITY DEVELOPS RIGHT IN FRONT OF OUR EYES....
rcookie says():SORRY SO LONG...
sassy says():rcookie great read though
Okie Dinar says to rcookie():Thank you so much :) Can't wait to read the chat logs!
rcookie says():I HAVE IN PDF...
rcookie says():British newspaper reveal the number of elements Daesh "remaining" in Mosul
Journal News BAGHDAD - The Journal News British newspaper revealed on Friday, for the preparation of a terrorist organization Daesh remaining in the city, while confirming the death of a thousand element of Daesh during the nine weeks since the start of the battle to regain control of Mosul.
She said the newspaper "The Sun" the British, in their report on the ongoing battles in the city of Mosul, said that "the Iraqi army forces have killed 1,000 members of al-Daesh during the nine weeks since the start of the battle to regain control of Mosul."
The newspaper pointed out that "the Iraqi army was able with the Kurdish Peshmerga so far from securing a quarter of the besieged city, while officials seem confident that the process is on track."
And return the newspaper to confirm that "the Iraqi army in 1000 Daashaa had been killed already," pointing out that "those forces began advancing in the center of Mosul on Thursday since in the framework of the second stage of the process," noting at the same time that "US military commanders have declared that their soldiers supported the battle, along with US warplanes and RAF. "
The newspaper added that "some 3,500 fighters from the elements Daesh is remaining in Mosul," pointing out that "Mosul is considered the most important for the organization of the second base after his stronghold in the Syrian tenderness."
He announced the commander of the anti-terrorism forces, Lt. Gen. Abdul-Ghani al-Asadi, on Thursday for the start of the second page to restore the left side of the city of Mosul from the grip of the "Daesh."
rcookie says():3500 BEERS ON THE WALL...3500 BEERS...
loop says():Take forty 47 down and bury them in the ground..
loop says():3500 controling the second largest city in Iraq and going up against a force of 100 plus thousand.
Doug_W says to Okie Dinar():welcome aboard this lovely but cool PM
loop says():IMO ... It will not take 3 month to gain control of Mosul. It will take that long to take care of all the traps that they have everywhere.
rcookie says to loop():AGREED...
rcookie says():Army Aviation and Air Force and the Alliance performs "18" sorties to Mosul Daesh sites
a wish Since 12/30/2016 20:43 pm (Baghdad time)
BAGHDAD - balances News Declared war media cell, on Friday, on the implementation of the Army Aviation and Air Force and the international coalition 81 sorties on the sites to organize Daesh terrorist in Mosul, which was able to destroy dozens of sites to organize Daesh and killed many of them and destroying a number of plants for booby-trapping.
She said the cell in a statement received / balances News / copy of it, that "warplanes launched more than 81 sorties and blow through the day on Daesh sites."
The statement added that "coalition forces directed 40 air strike fighter jets and 5 sorties Balsmteat with the Iraqi army, backed aircraft pieces left coast through the implementation of 20 sorties on Daesh sites in Mosul."
He pointed out that "the Army Air launched a five sorties to assign the axis of the popular crowd-west axis and was able to ch4 planes implementation of 12 sorties and managed to kill 20 terrorists in managed air force to carry out four sorties which has seen the destruction of seven booby-trapping plants and store weapons cannon 155 mm in addition to the destruction of the platform" .anthy 29 missiles
rcookie says():American battalion prevent (Daesh) of "freedom of maneuver" in the battle to liberate Mosul
Author: HAA Editor: AZ 12/30/2016 15:52 Number of Views: 937
Long-Presse / Baghdad Revealed the US Central Command in the international coalition, on Friday, expressed support for an American artillery battalion of the Iraqi forces during the liberation junctions of the control of the organization of battles (Daesh), and while confirming that the nature of the cross "a gunshot indirectly" If you can not bombed the Iraqi airline sites organization, pointed to deny (Daesh) of freedom "maneuver on the ground."
The command said in a statement on its official website and I followed (the long-Presse), that "the artillery battalion field 320 rapid reaction of the Special Task operations 101st Airborne play a vital role in supporting the Iraqi armed forces in their battle to liberate the city of Mosul from the control of the organization (Daesh)."
We leadership, that "the battalion is working to provide attribution firearm indirectly Iraqi forces have been pounding targets regulation in the case could not be performed air strikes due to bad weather, or the lack of specific data in the region," the follow-up "We can compensate by giving effective strikes on targets, according to coordinates you provide Iraqi forces stationed in that place. "
The leadership that the American military attribution Iraqi forces were able to "deny al (Daesh) freedom of maneuver on the ground, which is vital in the battle," adding, "If there is a goal in an area containing buildings then we hit the target accurately without inflict damage to neighboring buildings ".
And it launched the second phase of the liberalization of Mosul operations, on Thursday (29 December 2016), to restore the rest of the neighborhoods of the left coast of the city of Mosul (405 km north of Baghdad), three axes.
loop says():Washington is talking about the movements of al-Baghdadi
Twilight News official / said that the United States are familiar with the movements of the leader of the "Daesh," Abu Bakr al - Baghdadi, the last, and comes after months of absence of any indications about his movements. Email us from the Pentagon.
The US network CNN, quoting a US official, "During the past few weeks, we were aware of some of the movements of al - Baghdadi."
The US network, "It 's a piece of intelligence considered by America cautiously, and we know it's not intelligence information in real time, which means they are not al - Baghdadi site at this moment exactly, but it means that at some point during the past few weeks time , and links to information on the site is likely that al - Baghdadi was recently it. "
She added , "Based on the basic intelligence practices, America will return to look at that site, which does not know where exactly is, and considering the schedule, and it was likely he was there and what are the indicators that indicate the presence of al - Baghdadi there in what, and what time information that can be inferred now in an attempt to identify the site that may be al - Baghdadi turned to him or whether he was still hiding there. "
For comment section, please scroll down. Thank you.
This website uses marketing and tracking technologies. Opting out of this will opt you out of all cookies, except for those needed to run the website. Note that some products may not work as well without tracking cookies.Opt Out of Cookies