Page 1 of 1
OFAC SANCTIONS TO BE LIFTED SOON, RESULTING FROM RECENT WASHINGTON TALKS WITH IRAQI DELEGATION
Ever go into a bank in the US and try to exchange your Iraqi dinar, even at the low program rate? The result is the same in that the banks tell you Iraq is under OFAC sanctions and they can’t touch the currency
So why are gurus like TNT Tony and other telling you that the banks are now trading the dinar again? Why would they? How could they?
So these statements made on their conference calls are nothing but huge lies. These are the people you rely on for information about your investment
What happened just recently about these OFAC sanctions on Iraq?
It is reported that agreements have been established that would allow comprehensive sanctions to finally be lifted on certain areas and the currency is one of them. Existing non-comprehensive sanctions would still remain on a list of Iraqi individuals, entities and Iranian influencers in the country. Folks…do you know just how good this news is? This is WOW news and paves the way for the reinstatement of the dinar, if they keep their promise. We wait and watch. Yes, things are lining up for a January 2021 reinstatement of the Iraqi dinar. WOW again!!!!
The United States plays an important role in the international fight against money laundering, terrorism financing, and other financial crimes – and does so by imposing economic sanctions against the countries, entities and individuals engaged in those activities. The United States’ sanctions are implemented and enforced by the Treasury Departments’ Office of Financial Assets Control.
Who Has to Comply With OFAC Sanctions?
All individuals, banks, financial services companies and other obligated institutions operating under United States jurisdiction must comply with OFAC sanctions. For banks and other financial services firms, this means integrating an OFAC sanctions search into internal AML/CFT programs, and ensuring that new customers and clients are screened against the list before a business relationship begins.
Sanctions breaches are punishable by fines of up to $20 million, and prison sentences of up to 30 years for individuals involved. OFAC does issue certain sanctions exemptions which can be obtained via application to the Treasury Department.
- Blog Spammer
- Posts : 11
Join date : 2019-11-18
Page 1 of 1
Permissions in this forum:You cannot reply to topics in this forum