INTEGRITY REVEALS DETAILS OF THE FIRST AMENDMENT OF IRAQ FUND

by **rocky** Wed 07 Aug 2019, 2:57 am

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Post n°1

INTEGRITY REVEALS DETAILS OF THE FIRST AMENDMENT OF IRAQ FUND

by rocky Wed 07 Aug 2019, 2:57 am

[size=36]INTEGRITY REVEALS DETAILS OF THE FIRST AMENDMENT OF IRAQ FUND[/size]

Political | 10:36 - 07/08/2019

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BAGHDAD -
The Integrity Commission announced on Wednesday the issuance of the first amendment law to the law of the recovery of funds of Iraq No. (9) for the year 2012 after its approval by the House of Representatives and the approval of the President of the Republic on 18/7/2019.
The Commission, in a statement received / Mawazine News / a copy, that "the law abolished the text of Article (3) of it and replaced by a text that clarified that the Fund is managed by a board of directors headed by the President of the Commission on Integrity and membership of the Director General of the Recovery Department in the Commission (member and deputy), And the membership of representatives of the ministries of Foreign Affairs, Oil, Finance, Justice and Trade, in addition to the Central Bank of Iraq and the Federal Financial Supervision Bureau and the National Intelligence Service and the Supreme National Authority for Accountability and Justice, with the rank of Director-General and specialists, with the placement of an employee of not less than a director with specialties in the ministries and entities mentioned To work for the Fund. ”
She added, "The law, which was published in the newspaper (the Iraqi facts), the number (4550 on 5/8/2019) explained that the purpose of the fund to recover Iraq's funds after 2003, and to encourage collaborators, and give broader powers to manage."
She pointed out, "The abolition of the text of Article (8), which was replaced by a text confirming that the meetings of the Board of Directors of the Fund are held monthly by a majority of its members. The President of the Fund shall issue instructions indicating how to take decisions and the functioning of the Fund." Three months to the House of Representatives and the Ministers under Article (7) canceled. "
The Commission continued: "The provisions of a number of Article (4) items have been deleted and replaced by others, which include exempting the collaborators with the Fund by 25% and up to five million dollars from the recovered money as a maximum, provided that the approval of the Council of Ministers for more than that. 10% of the amount recovered as a reward for the informer does not exceed five million dollars, while Article (11), as amended, affirms that the rewards will not be disbursed until the restored funds are deposited in the Ministry of Finance account.
She pointed out that "the amendment canceled the first paragraph of Article (5) and was replaced by a text dealing with the formation of the Audit, Investigation and Investigation Committee chaired by the Director General of the Commission on Integrity and includes members from the ministries of Foreign Affairs and Justice, the Central Bank of Iraq and the Federal Financial Supervision Bureau and the National Intelligence Service, Any of them is less than an expert or a specialist.
"A number of articles have been added to the law, such as Article 13, which confirmed the Fund Board's support to INT with the information it has in order to recover the money of Iraq smuggled because of corruption after 2003, and Article 14, which obliged the government when it concluded agreements," she said. Investment or economic agreements with any country that has funds to Iraq covered by the provisions of this law to conclude agreements with those countries to recover the funds, in addition to Article (12) concerning the appointment of a judge of the first degree to the Council of the Judiciary to hear cases related to the functions of the Fund. ''

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by **rocky** Wed 07 Aug 2019, 3:11 am

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Post n°2

INTEGRITY REVEALS DETAILS OF THE FIRST AMENDMENT OF IRAQ FUND

by rocky Wed 07 Aug 2019, 3:11 am

[size=35][size=35]INTEGRITY REVEALS DETAILS OF THE FIRST AMENDMENT OF IRAQ FUND[/size]
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Policy

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2019-08-07 | 03:38
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[/size]

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[size=18]The Commission on Integrity, announced on Wednesday, the issuance of the first amendment to the Law of the Fund for the recovery of Iraqi funds No. (9) for 2012 after its approval by the House of Representatives and the approval of the President of the Republic on 18/7/2019.

The Commission said in a statement received by Alsumaria News, that "the law canceled the text of Article (3) of it and replaced by a text that clarified that the Fund is managed by a board of directors headed by the President of the Commission on Integrity and membership of the Director General of the Recovery Department in the Commission (member and deputy), and the membership of representatives of ministries In addition to the Central Bank of Iraq, the Federal Bureau of Financial Supervision, the National Intelligence Service, and the Supreme National Authority for Accountability and Justice, with the rank of Director General and specialists, with the placement of an employee of not less than a director with specialties in the ministries and authorities mentioned. To work for the Fund. "

She explained, "The law, which was published in the newspaper (the Iraqi facts), the number (4550 on 5/8/2019) explained that the purpose of the fund to recover the funds of Iraq after 2003, and to encourage collaborators, and give broader powers to manage it," pointing to "abolition The text of Article (8) has been replaced by a text confirming that the meetings of the Board of Directors of the Fund are held monthly by a majority of its members. The President of the Fund shall issue instructions stating how the decisions and the work of the Fund shall be taken. The Ministers shall be subject to the abolished Article (7). "

The Commission added: "The provisions of a number of Article (4) provisions have been deleted and replaced by others that include exempting the collaborators with the Fund by 25% and up to $ 5 million of the recovered money as a maximum. 10% of the amount recovered as a reward for the informer does not exceed five million dollars, while Article (11), as amended, affirms that the rewards will not be disbursed until the restored funds are deposited in the Ministry of Finance account.

She pointed out that "the amendment canceled the first paragraph of Article (5) and was replaced by a text dealing with the formation of the Audit, Investigation and Investigation Committee chaired by the Director General of the Integrity Commission and includes representatives from the ministries of Foreign Affairs and Justice, the Central Bank of Iraq and the Federal Financial Supervision Bureau and the National Intelligence Service, Any of them is less than an expert or a specialist.

"A number of articles have been added to the law, such as Article 13, which affirms the Fund Board's support for the Integrity Commission with the information it has in order to recover Iraq's money smuggled because of corruption after 2003, and Article 14, which obliged the government to conclude agreements." Investment or economic agreement with any country that has funds to Iraq covered by the provisions of this law to conclude agreements with those countries to recover the funds, in addition to Article (12) concerning the appointment of a judge of the first class judge to deal with cases related to the functions of the Fund.

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by **rocky** Wed 07 Aug 2019, 3:14 am

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Post n°3

The Federal Financial Management Laws, the Iraq Money Recovery Fund and the Traffic Law

by rocky Wed 07 Aug 2019, 3:14 am

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[size=36][rtl]The Federal Financial Management Laws, the Iraq Money Recovery Fund and the Traffic Law[/rtl][/size]

2019-08-06 01:00:00

[rtl]The new issue of the Iraqi Gazette number (4550), which included the Federal Financial Management Act No. 6 of 2019, Law No. (7) for the year 2019 the first amendment to the law to recover Iraq 's money box number (9) for the year 2012, and Traffic Law No. m (8 ) For the year 2019, and the decrees of the Republic of Numbers (44), (45) and (46) for the year 2019.
The Director General of the Iraqi Department of Facts, Mr. Kamel Amin Hashim, Federal Financial Management Act No. 6 of 2019, issued within the current number and included definitions In the basic terms of this law in order to regulate the rules and procedures governing the financial and accounting management of the entities operating in this field , When creating and implementing the federal budget and matters related to achieving macroeconomic and financial stability of the country.
He added that the number also included the law of the first amendment to the law of the fund for the recovery of Iraq's money, which was initiated for the purpose of recovering the money of Iraq, which fled because of corruption after 2003, and encourage collaborators and grant broader powers to manage the Fund and provide the House of Representatives copies of reports prepared by the Board of Directors of the Fund .
The General Director of the Ministry of Transport stated that the Traffic Law No. (8) for the year 2019 stipulated several details to regulate traffic rules, determine the parties responsible for registering them, conditions of granting the market license and categories, and review the penalties and penalties imposed for violation of the provisions of the Traffic Law, Consistent with the seriousness of the violation and the economic reality and identify the parties that have the power to impose the fine.[/rtl]

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by **Proven** Wed 07 Aug 2019, 8:43 am

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Post n°4

Re: INTEGRITY REVEALS DETAILS OF THE FIRST AMENDMENT OF IRAQ FUND

by Proven Wed 07 Aug 2019, 8:43 am

Thanks Rocky.

The new issue of the Iraqi Gazette number (4550), which included the Federal Financial Management Act No. 6 of 2019, Law No. (7) for the year 2019

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Have hope. Things are going to change.