Central Bank: A Comprehensive Five-Pronged Plan To Combat Money Laundering

 Central Bank: A Comprehensive Five-Pronged Plan To Combat Money Laundering

Banks  Economy News – Baghdad  The Central Bank announced on Thursday that it has put in place preventative measures to combat money laundering across various sectors, while noting that there is international cooperation at the strategic level involving international organizations.

Hussein Ali, Deputy Director General of the Central Bank's Anti-Money Laundering and Combating the Financing of Terrorism Office, said, "The crime of money laundering is linked to the extent of the predicate crime being committed domestically, as well as to the extent of preventative measures taken by the state."

He explained that, "Based on a comprehensive assessment of the anti-money laundering and counter-terrorism financing system, weaknesses in this system were identified, where they are being exploited, which sectors are being exploited in money laundering, and which predicate crimes are most commonly committed."

He added, "After identifying these crimes and the points where money laundering occurs, mitigating measures were put in place to address the risks of money laundering through these sectors."

He continued, "Easing measures have been put in place in the real estate sector, with real estate sales being conducted through the banking sector. Special measures have also been put in place in the gold sector, with financial institutions enforcing stricter controls on gold transfers."

He pointed out that "electronic cards, which were exploited by some unscrupulous individuals for foreign withdrawals, were used to benefit from the exchange rate or to move illegal funds. This phenomenon has been curbed and mitigated by establishing controls and updating the limits on these cards so that they are no longer useful to those who make foreign withdrawals."

He emphasized that "all these treatments are based on a real evaluation process with very precise results, which helped ensure that the treatments were specific and focused." 

He noted that "the Anti-Money Laundering Law addresses all these sectors, and there are international and national studies that identify new trends pursued by money launderers. Every time a new method is added, countries implement preventative measures for it."

He explained that "one of the methods also includes registering fake companies, and there are procedures in place for this in cooperation with the Companies Registration Department, including the process of identifying the real beneficiary of these companies, which is a very important matter to prevent the use of front companies for these companies."

He pointed out that "the Iraqi state took appropriate measures, and even when it was evaluated by the Financial Action Task Force, the evaluation result regarding the beneficial owner issue was appropriate for Iraq's situation."

He pointed out that "all measures taken are based on a risk-based approach, so that when there are risks, measures are taken to address them, while private transactions involving citizens are not complicated."

He emphasized that "all countries in the world cooperate in the field of combating money laundering through multiple channels, and in the Anti-Money Laundering Office we have counterpart offices called counterpart units." 

He explained that "information is exchanged with these units without any conditions, and without the involvement of diplomatic bodies such as the Ministry of Foreign Affairs or the intelligence service."

He stated that "there is international cooperation at the strategic level through reports and through our participation in relevant international organizations," noting that "regarding our work, we conduct an investigation, and after completing the file, it is referred to the judiciary, and we say that this person carried out a money laundering operation, and took out the funds of such-and-such state, and this money reached such-and-such a value, and is present in such-and-such accounts, and after that, there is official judicial cooperation from one judiciary to another for the purpose of seizing and confiscating the funds."  https://economy-news.net/content.php?id=55722

JUDY NOTES

 Global Currency Reset:

June 5–9: Scheduled Rollout Window for Tier 4B …Nesara Gesara QFS on Telegram

• I just finished reading the internal advisory bulletin passed to mid-level banking partners. The onboarding for public Tier 4B users is scheduled to go active between June 5–9, depending on regional system loads.

• This aligns with earlier test patterns and real-time EBS synchronization signals we’ve been tracking. It’s finally converging.

What You’ll Receive:

• SMS and email from a secure encrypted node

• Personal activation key

• Step-by-step wallet access instructions

• Details on how to access your Sovereign Fund dashboard

• One alert. One tap. And your entire financial future will change.

• Security Note: Biometric login. No passwords. No banks. You — and only you — own the keys.

• I’ll walk everyone through the process when it starts. Until then, remain vigilant. The lights are coming on, and the system is waiting for your signal.

• We are days — not weeks — away.

TIDBIT FROM PIMPY

 Pimpy  

 Community comment:  "If the Iraqi government do something like deleted the zeros and devalue the 25,000 bank note down to 25, IMO this will hurt the trust of Iraqi government because they allowed the sale of the dinar understanding that this was an option in recuperation towards the Iraq government economy."

  The Iraqi people don't give a shit if you bought their currency and invested in it.  It doesn't look bad on them.  The Iraqi government didn't make any promises about the Iraqi dinar...If you took that gamble, that's on you.

 I would call it a devalue because they're not devaluing. 

 All they're doing is changing the way the bank notes look.  So instead of 25,000 dinar, you now have 25 dinar.  That's the nominal value.  That's just the way the note looks...It's not being devalued, it's still the same...

Right now the exchange rate on 25,000 dinar is .00076...you get $19.  When they delete the 3 zeros off the bank notes...they're going to take the 3 zeros off the exchange rate.  So now it's going to be 25 x .76 which comes out to $19.

  The value of the dinar stays the same.  The bank note, the nominal value, is the thing that's going to change.

MarkZ: There is quite a bit of news mentioning parity , zeros dropping and possibly 1 to 1 rates

 

Iraq rejects KRG-US energy deals: Only federal government can authorize

 Shafaq News/ On Wednesday, Iraq’s Oil Ministry dismissed the two energy agreements recently signed between the Kurdistan Regional Government (KRG) and American companies.

Oil Minister Hayan Abdul-Ghani told Shafaq News that only the federal government has the legal mandate to authorize contracts. “The management of Iraq’s oil wealth falls under Iraq’s authority,” he clarified. 

The KRG earlier announced two contracts in Washington with US-based firms HKN Energy and WesternZagros, worth tens of billions of dollars, to expand oil production and infrastructure.

However, the ministry formally rejected the deals, citing Federal Supreme Court rulings that invalidate contracts signed unilaterally by the KRG after 2012 and 2019 decisions.

The KRG’s Ministry of Natural Resources defended the agreements. “These contracts are lawful and were approved through judicial processes,” the ministry said in a statement, rejecting Baghdad’s interpretation.

Tensions between Baghdad and Erbil over oil governance have long fueled disputes, particularly around control, revenue-sharing, and the legality of Regional contracts.

GCR: · ZIM, Dong, and Dinar will be exchanged at rates you were never supposed to see

 Global Currency Reset:

Mon. 19 May 2025 NESARA & QFS REDEMPTION EXPOSED: THE FINAL PHASE HAS BEGUN

· The RV Redemption is LIVE. The final trigger has been pulled — the floodgates are opening. This isn’t theory. This isn’t rumor. This is the launch of global financial warfare against the Deep State’s stranglehold on humanity.

· Redemption Centers are ACTIVE — not banks. Only Redemption Centers offer the HIGH RATES, the Quantum Access Cards, the QPhones, the Rainbow Currency, and your entry into the QFS. And if you’ve submitted a Humanitarian Project Template, you’ve already been pre-approved. Ben Carson signed off on the standardized model.

· This is the final audit of humanity’s enslavement. The cabal turned YOU into a financial product — birth certificate bonds, secret social security accounts, mortgage traps, illegal income tax. All of it is being undone. Reclamation, Restitution, Redemption — this is the Alliance’s revenge.

· GROUP PAYOUTS HAVE BEEN STRUCTURED: 61+ years: up to $61M; 45–60: up to $38M; 24–44: up to $23M

· Based on values established in a 1994 meeting with Rep. Dan Rostenkowski — coded into the plan decades ago.

· ZIM, Dong, and Dinar will be exchanged at rates you were never supposed to see. ZIM = gold-backed. Dinar/Dong = double-digit USD equivalents. The Redemption Center is not just where the exchange happens — it’s where the future is handed back to YOU.

· Type 2 Redemption: XRP Buyback. XRP is being mirrored into the QFS right now. It wasn’t created for trading — it was designed to stabilize $100 Quadrillion in liquidity. Its GOD-ASSIGNED VALUE: $1,000,000 PER TOKEN.

· The NDAs are real. The post-redemption plans are written. If you don’t know what to do in the first 30, 60, 90 days — you’re not ready. If you don’t have your trust documents, goals, and declaration sheets — get them NOW.

· Phase 1-2 COMPLETE. Notification Phase underway. You will receive instructions. Call. Ask questions. Act like you’re ready. Every call, every message, every whisper — monitored by the Alliance.

· Once you enter the Center — NOTHING LEAVES. NDAs will be signed. Plans locked. QFS access revealed. Only 1% will be released immediately. The rest? Structured over time. Because this isn’t just about wealth — it’s about responsibility. This isn’t a redemption. It’s a reckoning.

· DO NOT SPEAK. DO NOT POST. DO NOT VIOLATE YOUR NDA. The Galactics are watching. The Alliance is tracking. This is not a game. Choose the LIGHT. Prepare your documents. The clock is ticking.

Mayhem w/ Mel💥◾️🌠 💥Updates💥 about THE EXCHANGE & REDEMPTION CURRENCIES #iraqidinar #iraq