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Thread: Feb. items

  1. #1
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    Feb. items

    Three moves that take effect in Feb. 2020...

    Central bank Governors meeting at the Bank for International Settlements (BIS), a hub for central banks and other financial regulatory and supervisory authorities, made a number of appointments to lead key central bank groups.





    The appointment takes effect on 1 February 2020 for a three year-term.

    from the CBI Dec. 1

    The Central Bank of Iraq confirms that due to the expiry of the deadline granted to all merging companies under category ( A, B ), which amounts to (3) months to complete the requirements of granting the license to practice its activity as exchange companies, it was decided to give it another additional period for a period of (3) months to complete the requirements in addition to the merger.

    Dec. Jan. Feb. 2020

    finally,

    in the interest of the Central Bank of Iraq to clarify the instructions and regulations for the declaration of money entering and leaving across the Iraqi borders.

    The Central Bank of Iraq / the Anti-Money Laundering and Combating the Financing of Terrorism Council would like to announce the first amendment of the controls for declaring funds when they are entered or exited across the Iraqi borders, and published in the Iraqi Al-Waqa'iq newspaper, issue (4551) on August 19, 2019, before entering into force in February of 2020, to spare citizens and travelers legal accountability for the violations stipulated in those controls during the transfer of funds across borders .

    The Central Bank of Iraq
    information Office

    9/24/2019

    Go groundhog!
    Last edited by dollarsign; 12-11-2019 at 11:27 PM.

  2. #2
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    Feb. 2020 again

    The Basel Committee is consulting on Introduction of guidelines on interaction and cooperation between prudential and AML/CFT supervision.
    Consistent with the goals and objectives of the standards issued by the Financial Action Task Force (FATF) and principles and guidelines published by the Basel Committee, the proposed revisions provide further detailed guidelines to strengthen the interaction and cooperation between prudential and AML/CFT supervisors.
    The proposed changes to the Sound management of risks related to money laundering and financing of terrorism include a new provision in "The role of supervisors" section that recommends establishing an effective cooperative system and a supplementing annex with specific recommendations and descriptive examples to facilitate supervisory cooperation.
    The Committee invites comments on the consultative document. Comments should be uploaded here by 6 February 2020. All comments will be published on the website of the Bank for International Settlements unless a respondent specifically requests confidential treatment.

    We don't need to see many of these to know that something is up with this month...

    ​$

  3. #3
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    Linkage

    Then...

    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.
    Posted on August 14, 2018 by Editorial Staff in Economy, Economy, Oil & GasDeloitte’s offices in London. Deloitte is the Iraqi Kurdistan’s oil auditing firm. Photo: AFP
    To Powell



    The appointment takes effect on 1 February 2020 for a three year-term.


    And now...

    The Basel Committee is consulting on Introduction of guidelines on interaction and cooperation between prudential and AML/CFT supervision.
    Consistent with the goals and objectives of the standards issued by the Financial Action Task Force (FATF) and principles and guidelines published by the Basel Committee, the proposed revisions provide further detailed guidelines to strengthen the interaction and cooperation between prudential and AML/CFT supervisors.
    The Committee invites comments on the consultative document. Comments should be uploaded here by 6 February 2020.

    just tying them together, Treasury, to Iraq, to Federal Reserve.

    $


    Last edited by dollarsign; 01-13-2020 at 09:54 PM.

  4. #4
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    complete by Feb. 2020

    Issue: 9/5/154
    Date: 12/31/2019
    In addition to our two enumerators numbered (9/5/46 and 333), dated 2/3 and 5/8/2019, for the purpose of expediting the integration procedures, the following is decided: -1- Providing us with founding contracts certified by the Ministry of Commerce / Companies Registration Department attached to the letter of the completion of the procedures and merger decision issued by the Ministry above that includes the names of the previous shareholders and the number of shares for each of them for the purpose of giving you initial approval to switch from companies that mediate buying and selling foreign currencies to companies that mediate buying and selling Foreign currencies are a limited shareholder, providing us with colored and clear copies of their holdings and passports.2- With regard to exchange companies, category ( A ), new shareholders of the merged companies are not allowed to enter until after obtaining the final approval as a private share exchange company category ( A ) and granting the license to the company. The names of the previous shareholders, which should match the names of the shareholders in the merged companies, in order for you to be granted approval to add or change the shareholders until your companies are listed on the Iraq Stock Exchange.
    3- With regard to exchange companies, category ( B ), new shareholders of the merged companies are not allowed to enter until after obtaining the final approval as a category ( B ) exchange company and granting the license to the company. The previous shareholders, which should match the names of the shareholders in the merged companies, to be granted approval to add or change the shareholders.

    again, to be completed by Feb 2020


    ​$






    Last edited by dollarsign; 02-15-2020 at 11:59 PM.

  5. #5
    Supporter and Investor! haggisbasher's Avatar
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    Dollarsign we have provided this info a couple of times to Warka Bank, Lawyers Certified Letter, British Chamber of Commerce Iraq Securities commission,Iraq Chamber of Commerce and a few other organisations to get our ISX traders Licence.
    Last edited by haggisbasher; 01-02-2020 at 01:14 PM.

  6. #6
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    On Dec 1st...

    it was decided to give it another additional period for a period of (3) months to complete the requirements in addition to the merger.

    Dec. Jan. Feb. 2020

    If they haven't responded, they have been given a firm deadline to get this action completed.


    ​$

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    Jobs boost

    This should employ a lot of young men, working for Chinese bosses, which will cause some abatement of their main grievence, lack of employment. Whatever currency they're paid in, ultimately one is accepted everywhere, the other isn't
    --------------------------------------------
    The head of the Parliamentary Economy and Investment Committee, Ahmed Salim Al-Kinani, stressed that the
    agreement
    signed
    Iraq
    in
    China
    last September will enter into force, describing the
    agreement
    as "giant, giant and unparalleled."

    Kinani said in a statement that « the agreement of
    Iraq
    with
    China
    entered into under implementation, a powerful agreement unmatched over time in the history of
    Iraq
    's economic and political, and did not get such a convention (oil - for - construction), but everyone knows the role of
    China
    In the global economy, it has the largest presence in all economic sectors, and is the second largest global economy with an estimated total output of $ 8.8 trillion according to the purchasing power scale, and is considered the fastest growing large economy in 30 years ago.
    He added that «this
    agreement
    included many provisions in addressing all sectors, especially infrastructure and service in projects of large water drainage networks, roads and bridges, and also in the field of health in the establishment of large and modern hospitals and educational hospitals, and in the field of education by establishing schools, universities and educational institutes, and in the field of Communications and technology to eliminate corruption and bureaucracy, and in the field of developing agriculture and activating the industrial sector, this giant
    agreement
    included all strategic projects, including the implementation of the Grand Faw port, and other projects submitted by the Government of
    Iraq
    Within a feasibility study that serves the public interest ».
    He continued, saying: «Within this
    agreement
    ,
    Iraq
    opens a joint account between
    Iraq and
    China in a Chinese bank, and
    Iraq
    begins exporting and selling oil to Chinese companies with a quantity of up to 100,000 barrels per day deposited in this joint account, in addition to calculating profit interest on this money within The banking context is well known internationally, and the China Export Corporation supports the agreed projects within a credit framework and not a loan, which serves
    Iraq in
    implementing these projects.

    Baghdad Post Sunday, January 12, 2020 08:17 AM


    $

  8. #8
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    didn't flip cleanly, but you get the gist.


    ​$

  9. #9
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    Yes!

    Member of the
    Parliamentary Finance
    Committee Hanin Qaddu revealed: "This year's budget will include the disbursement of the last batch of debts owed by the Iraqi government to Kuwait, amounting to two billion dollars."

    Qaddo said in a press statement: "The total amount of the
    Iraqi
    budget for the year 2020 amounts to fifty trillion Iraqi dinars, distributed between salaries for ruling expenditures such as the ration card, wages and other issues."

    He explained: "The total debt owed by
    Iraq
    amounts to 28 billion dollars," noting that
    Iraq
    seeks to postpone the payment of its debts to the Gulf countries or go to the Paris Club to reduce it to 40%.

    Monday, January 13, 2020


    Clear the books for FEB!

    $

    Last edited by dollarsign; 02-16-2020 at 12:01 AM.

  10. #10
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    Awesome work, great info brought forward...with gratitude and appreciation Dollarsign you are half Fox and half hound dog you know where to look ....and you're bringing all the pieces of the puzzle together it's like connecting the dots..... wait a minute where have I seen that before i sure hoping you kept all your researched articles it's been a long journey just about 16 years����������
    Last edited by ETA; 01-14-2020 at 03:17 AM. Reason: Corrections

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