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Thread: Here we go!!

  1. #131
    Supporter and Investor! oldskiier's Avatar
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    When can we transfer funds back to the US ...?????

  2. #132
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    Current FATF President

    FATF President

    The FATF President is a senior official appointed by the FATF Plenary from among its members for a term of one year.
    The term of the President begins on 1 July and ends on 30 June of the following year. The President convenes and chairs the meetings of the FATF Plenary and the Steering Group, and he/she oversees the FATF Secretariat.
    Mr. Marshall Billingslea of the United States assumed the position of President of the FATF on 1 July 2018. He succeeded Mr. Santiago Otamendi of Argentina.
    Mr. Billingslea serves as the US Department of the Treasury’s Assistant Secretary heading the Office of Terrorist Financing and Financial Crimes. In this role he is responsible for policy development and international engagement pertaining to anti-money laundering and countering the financing of terrorism.
    Previously, Mr. Billingslea served as a Managing Director at Deloitte, responsible for its Federal Business Intelligence Services group, where he provided due diligence services for a wide range of Federal clients and Fortune 500 companies. He specialized in investigating beneficial ownership structures, and advising businesses on the legal and regulatory risks associated with third party transactions.
    In addition to the Treasury Department, Mr. Billingslea has more than a decade of service in a number of positions within the Federal Government, including as the Deputy Under Secretary of the Navy; NATO Assistant Secretary General for Defense Investment; Principal Deputy Assistant Secretary of Defense for Special Operations and Low Intensity Conflict; and Deputy Assistant Secretary of Defense for Negotiations Policy. He also served as Senior Professional Staff Member for National Security Affairs on the Senate Committee on Foreign Relations.

    ​$

  3. #133
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    Fatf v.p.

    FATF Vice-President

    The FATF Vice-President, who is also the FATF President-designate, is appointed by the Plenary from among its members for a term of one year preceding his/her presidential term. The Vice-President assists the President in carrying out his/her responsibilities and stands in for the President when necessary.
    Xiangmin Liu of the People's Republic of China assumed the position of Vice-President of the FATF.
    Mr. Liu currently serves as Director-General of the Legal Department at the People’s Bank of China, China’s central bank.

    ​$

  4. #134
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    Gravitas...

    International Monetary Fund (IMF)


    The IMF is contributing to global AML/CFT efforts in several important ways. As a collaborative institution with near universal membership, the IMF is a natural forum for sharing information, developing common approaches to issues, and promoting desirable policies and standards. The Fund has dedicated AML/CFT expertise. Two departments carry out the IMF’s AML/CFT efforts: the Monetary and Financial Systems Department and the Legal Department.
    Following a March 2004 review of the pilot program of AML/CFT assessments, the IMF Executive Board agreed to make AML/CFT a regular part of IMF work.



    The current President and Vice President of the Financial Action Task Force are from the 1st and 2nd largest economies on Earth, and they are a regular part of the IMF's work. These powerful entities know the answer to your question Old Skiier, they are the only forum that counts. I wish I knew, but the pace and level of involvement/action has increased.

    $
    Last edited by dollarsign; 09-15-2018 at 03:01 PM.

  5. #135
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    Following a March 2004 reviewof the pilot program of AML/CFT assessments, the IMF Executive Board agreed to make AML/CFT a regular part of IMF work.

    and of course, during this review period, we printed and were distributing the new IQD...

    $
    Last edited by dollarsign; 09-10-2018 at 03:42 PM.

  6. #136
    Supporter and Investor! Wolverine's Avatar
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    Quote Originally Posted by oldskiier View Post
    When can we transfer funds back to the US ...?????
    Be certain your pertinent FBAR filings are up to date first .....
    "it just may be a lunatic you're looking for" -- Billy Joel

    "Thursday is no longer cruciferous vegetables night" --Dr. Sheldon Cooper

  7. #137
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    Then, and Now...

    Then...

    It is the first of its kind. Governor of the Central Bank meets with the UN Security Council

    Based on the invitation of the UN Security Council, the Governor of the Central Bank of Iraq, Dr. Ali Mohsen Ismail, met in New York on Tuesday, October 17, 2017 with the members of the Council in the United Nations building. This meeting is the first of its kind where the Governor of the Central Bank of Iraq is the first governor of a central bank in the world attends such meetings.
    Detailed explanation of the experience of this bank in the fight against money laundering and terrorism financing was listened during the meeting. Members of the UN Security Council praised the work of the Central Bank of Iraq and its administration during the current period and the accompanying exceptional circumstances in Iraq.

    and Now...

    Two of the 5 permanent members of the UN Security Council as FATF President and Vice President release Iraq from the follow up list. One of those UN invitations that you can't refuse...

    $


    Last edited by dollarsign; 09-12-2018 at 03:08 PM.

  8. #138
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    European Union Sanctions Lifted

    September 13, 2018


    The European Union officially announced the exit of the Central Bank of Iraq from the list of sanctions imposed by the European Union on the institutions, through publication in the official newspaper of the European Union, which confirmed the abolition of sanctions imposed on this bank under the former regime, which provided for "the prohibition of dealing with a group of institutions Financial and non-financial Iraqi, including the Central Bank of Iraq. "
    This step comes as the Central Bank of Iraq has made significant progress in improving its performance and application of international regulations and standards in this field. This bank shows that under these recent amendments it will allow international financial banking institutions to deal with the new instructions as it has become a reliable financial institution to deal with European international institutions .

    The Game is afoot!

    $


    Last edited by dollarsign; 09-13-2018 at 12:41 PM.

  9. #139
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    Proper Guidance

    September 19, 2018
    His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail participated in the meeting of the forty-second session of the Board of Governors of Arab Central Banks and Arab Monetary Institutions in the Jordanian capital Amman and under the patronage of the Prime Minister of the Hashemite Kingdom of Jordan.

    observers from the League of Arab States, the General Secretariat of the Cooperation Council for the Arab States of the Gulf, the Union of Arab Banks, Middle East and North Africa, as well as the presence of Arab executives at the IMF and the World Bank and the Director General of the Bank for International Settlements.

    No, the CBI will not act unilaterally. There will be coordinated action.

    $




    Last edited by dollarsign; Yesterday at 09:27 AM.

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