FRANK26: "AML FOR S&S OF IQD", 28 MARCH

 KTFA

FRANK26: "AML FOR S&S OF IQD"..........F26

 An international system tracks financial activity in six branches of Rafidain Bank.

 

3/24/2025

Rafidain Bank has begun implementing a modern financial monitoring system in six of its branches, in compliance with international standards to prevent money laundering and terrorist financing.

A banking consultant says the first phase of this step will last three months under the supervision of two foreign companies to compare figures.

A statement from Rafidain Bank detailed the aforementioned system for monitoring daily financial transactions, known as AML.

The six branches in which the monitoring system has been implemented are located in Baghdad and Basra governorates.

Banking consultant Hafidar Shaaban told Rudaw Media Network that "the system is being implemented in three phases. The first phase began on March 15 and will continue until June 15. It is being implemented by Ernst & Young and K2 Lee."

Ernst & Young and K2 Lee are financial auditing firms that monitor financial and monetary transactions in Iraq.

Rafidain Bank indicated in its statement that this step comes within the framework of its commitment to international standards for preventing money laundering and terrorist financing, and is one of the basic requirements for raising the level of confidence in the Iraqi banking sector regionally and internationally.

This new control system can analyze and identify financial movements, plays a role in detecting suspicious activities, and will have an impact in reducing the risks associated with financial crimes.

It is worth noting that Rafidain Bank is an official bank affiliated with the Federal Ministry of Finance. In its statement, it stated that it will activate the AML control system installation procedure in all its branches.

On February 4, 2025, Rafidain Bank directed its branches to prepare for 18 potential money laundering scenarios to identify suspicious financial activities.

LINK

 

 

TIDBIT FROM WALKINGSTICK, 28 MARCH

 Walkingstick 

Trump actually said we can take Iraq's oil as repayment. 

 You think these 20 years we're not going to get paid back? 

 We got paid back by Kuwait...

Therefore the oil flowing in Iraq is not just a statement in Iraq, IMO it is a forced action to start the oil flowing now. 

 This would expose the budget tables. 

 This Iraqi monetary reform, I got a feeling about it and that feeling has a lot to do with the quick actions of Donald Trump that we are witnessing.

MNT GOAT : the Project to Delete the Zeros is still set for late December / early 2025

 

Iraq Implements Global Transit System TIR from April, 28 MARCH

 Iraq Implements Global Transit System TIR from April

Iraq will implement the global transit system TIR from 1 April 2025, marking a significant step in enhancing logistics and international trade.

According to state-run Iraqi News Agency (INA), the Border Ports Commission announced that the system will streamline cross-border transport, strengthening Iraq's position as a key trade hub in the Middle East.

The TIR system is expected to play a crucial role in the Development Road project, linking southern and northern Iraq while providing an efficient trade corridor connecting Asia, the Gulf Cooperation Council (GCC), Turkey, and Europe.

Logistics firms are prepared to launch TIR operations from locations such as Mersin, Turkey, to Gulf countries via Umm Qasr Port. Initial trials indicate that the journey could be completed in under a week-compared to 14 days via the Red Sea or 26 days if ships reroute around Africa.

Transport Minister Razzaq Muhibis Al-Saadawi highlighted that TIR implementation, supported by Prime Minister Mohammed Shia Al-Sudani and facilitated by the  International Road Transport Union (IRU), will reduce transport times by 80% and costs by 38%, offering substantial economic benefits and job creation. Over the past two years, Iraq has developed its transport infrastructure to maximise TIR's impact on trade and the national economy.

IRU Secretary-General Umberto de Pretto welcomed the initiative, stating that TIR has facilitated secure trade for nearly eight decades. He anticipates that Iraq's integration into the system will enhance regional economic connectivity and streamline freight movement. The system's electronic pre-declaration (TIR-EPD) will integrate with Iraq's Uruk platform, enabling cargo monitoring via GPS and enhancing security through regular checkpoints.

TIR, governed by a United Nations convention and managed by IRU, is designed to ensure smooth, cost-effective, and secure international trade.

In 2023, Iraq became the 78th country to accede to the United Nations TIR Convention. link

MEL : " HOT BOOM NEWS" , 28 MARCH

 💥HOT BOOM NEWS💥 

Mel says she found the new USA’s bran new quantum voting system on (XPR NETWORK) , SEE LINKS AVAILABLE , connected to DE ( Doge) , linked to Fed now bridge, was a corrupt system, which is moving forward with XPR Network , the Network symbol is XMD,

 a golden ornament, which DJT has a symbol on his desk .

Going live theory referenced to the BIG BANG, metaphoric. 

Technology found in Roswell that is connected to off World Capabilities, now POSSIBLE with XPR, and XRP also has an off line capability.

 Also XPR ( XMD) as part of the Quantum System-it is connected to Credit Unions, which is connected to exchanges and redemption centers, part of the XRP LEDGER, no fees, the developers of the System have a dashboard of Doge, going to be linked..

XPR Wallets

The word crypto will soon be DROPPED, don’t need Webb access when accessing currency, it will log you in without you having to log in, all you need is your biometric access, which ACCESSES YOUR QFS ACCOUNT, as Mel explained no one but her is the administrator of her Digital Channel, she will never ask you for any personal details, for educational purposes 

A Private KEY will be your Q Card, Mel says, lots have been changed in banking, all access is BIOMETRIC….

Nano Ledger, biometric wallets, Mel says all on the Crypto side, looks like a Q account, says that is the New World.

Check all the TERMS and Conditions in your Country, DO NOT LISTEN TO ANY GURUS, do your own research, makes you responsible for what you do going forward 

🔹RV UPDATES🔹

That Mel DOES CONFIRM..She confirms that TOP MILITARY is moving in Miami, Denver and Reno, some believe it is bond holders, Mel says could be UST AFFILIATES moving into PLACE, let it play out!

Mel says NO NDA’S, she has confirmed it for years, she says you will be your own NDA.

Mel advices everyone listen to LOAN STAR AUDIO, recently went thru the redemption process, she says that Tier 3 to be paid out in the USD’s, not in the new rainbow system, as of yet, since Tier was part of the old system

World Bank , IMF,BRICS work side by side

Mentioned yesterday Iraq DINAR will be the Worlds Currency reserves 

HSBC will be the Coordinating Bank for all the linked banks of affiliation for exchanges , see your area for details

Banking Regulations need to know basis, research these yourself, ISO22022 compliance, Basil 3&4 compliance, Tier 1 and 2 Banks,

Many Banks in affiliations with the exchanges, GOOGLE them for part of your own Countries Exchange..

US Banks using Military banks, because there are millions of holders.

All Military and Redemption Centers under the Military Control, Everything will be outsourced, not paid from the OLD banking Structure… 

The people working the RC do not receive any payments to provide the exchange services 

🔹RATES🔹

Mel will not discuss any rates, as there are different rates that apply in different Countries, other than what is being reported in the US

NOTIFICATIONS 

Coming directly from the UST, you will need to take all your currencies and bonds, your forms of ID, and your your birth certificate. 

Your appointment will be 15 to 20 minutes, The Wealth Management Teams have been down, due to TRAINING, they are restructured tied to New Earth Systems Pegging Currencies getting READY for the GCR

Mel has been allowed to say that the PROSPERITY PACKAGES And  the FARMERS CLAIMS will be PAID OUT IN APRIL…..S.

 America talking about releasing NOTIFICATIONS tomorrow, Tuesday..STAY GROUNDED, calm, hope you enjoy the ongoing SHOW, Mel will be back once notifications are out.. GM, GA, and Gnight

 from Mel, see you on the flip side, bye for now

Madnesss Monday w/ Mel by td from America

MAJEED : BIG CHANGES WILL COME IN THE 2025 FOR THE IRAQI DINAR @DINARREVALUATION #iraqidinarinvestor

 

Employees withdraw 8 trillion dinars from banks in two hours.. The Ministry of Finance seeks a solution. 28 MARCH

 Employees withdraw 8 trillion dinars from banks in two hours.. The Ministry of Finance seeks a solution

Crisis of confidence despite the electronic system

Member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, called for stopping the provision of subsidized dollars at an exchange rate of 1,320 dinars for non-essential luxury imports, and instead providing them for the import of necessities such as production lines and agricultural equipment, to reduce the volume of imports later.

 He pointed out that many private banks were not established according to the needs of economic sectors and that they profit from transfer operations despite being inactive due to their inability to deal with foreign correspondent banks. He also confirmed that the government deposits about 8 trillion dinars monthly as salaries for employees and retirees, but they are withdrawn within only two hours, calling for the matter to be addressed.

oeen Al-Kadhimi, in an interview with journalist Saadoun Mohsen Damd, followed by 964 Network :

The banking system is linked to the Central Bank, the body responsible for regulating banking operations. Numerous workshops have been held recently to develop the banking system. However, there are external factors that influence banks attempting to link up with foreign banks, which also impact the development process.

From our perspective as a parliamentary committee, we believe the Iraqi banking system is still in its early stages of adapting to global regulations. The Central Bank and the Ministry of Finance are required to support the work of banks so they can fulfill their role beyond limited tasks, such as supporting the agricultural and industrial sectors, and other diverse economic sectors.

Some banks are trying to profit solely from dollar transfers, without contributing to other developmental aspects. One of our most important observations is the increasing number of banks being established without feasibility studies. 

This is despite the fact that they are practically at a standstill because most of them have been unable to link up with international banks to conduct financial transfers, thus preventing them from accessing the currency window.

The Central Bank sometimes justifies some of the violations of its instructions by private banks. It must then address the missing relationship between the public and the banks. Some citizens lost their money after certain banks declared bankruptcy, and the Central Bank must also address this issue.

Improving banking performance is key, and we have approached the Central Bank about addressing the issue of depositing funds and the difficulty depositors face in withdrawing them later, while improving interest rates to ensure depositors feel valued. Most importantly, we are increasing automation, moving away from cash transactions.

The internet is no obstacle to the electronic transformation of financial transactions. Banks must improve their digital applications and technologies to benefit from the country's internet services and quality. Employee and retiree salaries, which amount to approximately 8 trillion dinars, are now paid electronically, but they are withdrawn within two hours, immediately emptying all banks. This must be addressed.

The Ministry of Finance's monthly priority is to convert its dollar balances into dinars to boost remittances and foreign imports, which are often for luxury goods, as traders benefit from the exchange rate difference. This must stop, and subsidized dollars must be allocated to essential needs, such as importing production lines, to reduce imports later.  link