MilitiaMan and KTFA Members "A Lot of RISK Talk" 1-20-2020
KTFA:
Samson: Corruption reaches a boiling point .. $ 800 million is the value of the contract to build the headquarters of the Central Bank (video)
19th January, 2020
The contract for the construction of the headquarters of the Central Bank has sparked great controversy with the Iraqi parliament and citizens, as the value of the building of the central bank is (800) million US dollars. VIDEO LINK LINK
MilitiaMan: Why would they be having an issue with $800 million, the Iran BS Auction scam shows they were stealing $40 billion in 2019 alone? lol Just ask Soleimani... Oops, we can't.. lol ~ MM
Samson: The central bank decides to extend the suspension of the promotion of applications for licensing electronic payment companies
19th January, 2020
The Board of Directors of the Central Bank of Iraq, at its meeting on December 24, 2019
decided to extend the period of suspension of the promotion of applications for licensing
electronic payment companies until December 31, 2020
The Central Bank of Iraq information Office January 19, 2020
MilitiaMan: So if you have no license guess what? Your out of luck this year.. ! MM lol
DELTA: YES.......... GAME OVER MY BROTHER....
MilitiaMan: Knowing what we know, this shows those that had issues they'll not be feasting with us this year.. Or off us.. lol ~ MM
Popeye7: No auctions for you... Come back, NEVER!... LOL... A little Soup Nazi reference...lol
FBS: Is this a good or bad thing? Thank you.
Samson: It is a GOOD thing. It is in regard to the post it was put on re some companies not complying with CBI rules.
MM's comment said "So if you have no license guess what? Your out of luck this year.. !MM lol "
So it's good they are punished - it's game over for them trying to break the rules - not complying. Game over for corruption
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Samson: The Mosul branch organizes an introductory lecture to manage bank risks
19th January, 2020
The Banking Supervision Department at the Central Bank of Iraq / Mosul Branch organized
an introductory lecture entitled “Banking Risk Management” on Wednesday January 15,
2020 which included concepts (credit risk, liquidity risk, operational risk, reputation risk, legal risks)
The lecture included staff of departments and divisions in a branch The conductor of this
bank. https://cbi.iq/news/view/1390
MilitiaMan: That is a lot of RISK talk. Like don't risk your freedom by money laundering, doing bad loans, not having capital on hand, basic operational needs met, amnd stay away from any of the afore, as out reputation as being corrupt is bad enough, just look at the legal issues the those that are arrested already have us under. Get the Risk out! lol ~ MM
Popeye7: Being bad boys always carries consequences... It is the everyday folks that suffer for the corruption that permeates a nations government... Eventually spawning tyranny if left unchecked... God was merciful to the US, and in turn that mercy is being shown Iraq as well...
MilitiaMan: Yes, it sure looks that way my friend! They'll be starting a new chapter from here on out.. imo!~ MM
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Samson: Requesting data of merchants contracted with electronic payment companies
19th January, 2020
To / electronic payment companies / collectors (online payment services)
Issue: 9/5/32
Date: 1/16/2020
Later in the book of Payments Department numbered (23/260) on 12/12/2019
Please provide the Payments Department with an Excel table containing data for merchants
contracting with your companies on CD or flash drives, including the following:
Names of their authorized dealers and their full addresses (governorate, region, building)
The nature of the business
The number of devices per dealer
The date of signing the contract with the merchant
Date of starting work
Provided that it is updated quarterly, when any amendment or update is made, or as requested by this bank, for the period it deems appropriate.
MilitiaMan: This one is about accountability. Just as the RISK classes were provided. They want to know who is doing what. With the graft the corrupt knuckle heads were stealing, needs to be nipped in the bud!! This looks like the PTB are at work.. imo ~ MM
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Samson: The Association of Private Banks concludes the "Capital Adequacy" course
19th January, 2020
The Iraqi Private Banking Association concluded the session "Capital Adequacy according to the requirements of Basel III
The session was held in cooperation between the Association of Iraqi Private Banks and the Central Bank - the Center for Banking Studies and the Banking Control Department
The course, which spanned over 7 days, targeted the directors of financial departments and their assistants, and the managers of the risk department and their assistants LINK
MilitiaMan: I'll bet the scuttlebutt was busy during breaks... lol Did you hear what so and so did and is now behind bars? Yes, they'll be covering that in Chapter 10..... lol ~ MM ROTFL
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Samson: Parliamentary Finance: The 2020 budget will see a deficit of 48 trillion dinars
19th January, 2020
Member of Parliamentary Finance Committee, Magda Al-Tamimi, confirmed today, Sunday, that the 2020 budget will witness a deficit of 48 trillion dinars, while noting that the value of waste in fake projects until 2014 exceeded 282 trillion dinars.
Al-Tamimi told Al-Akhbaria that “more than 6000 fake projects were registered with us until 2014, when the budget was not approved,” stressing that “financial waste in fake projects until 2014 exceeded 282 trillion dinars.”
She noted, "The 2020 budget will witness a financial deficit of 48 trillion dinars," noting that it "raised a number of files to the Integrity Commission for consideration and until now no legal measures have been taken against the whales of corruption. LINK
MilitiaMan: They better get busy looking for some money.. lol The CBI Site only shows a note count of $5 trillion.. lol
https://cbiraq.org/Serieschart.aspx?TseriesID=157
https://cbiraq.org/DataValues.aspx?dtFrm=01/31/2004&dtTo=01/19/2020&tmId=157&dtformat=MMM,yyyy