Bahrain Stock Exchange
Calendar of Events
FSVC Workshops to Strengthen Amman Stock Exchange to Investor Community ... Tunis, TunisiaFSVC/Securities and Exchange Commission Program on Upgrading Broker Networks in the Middle East ... [Read More]
US Department Of State Post Report
The exchange rate is: US$1.00 = Bahrain Dinar (BD) .377 (or 377 fils); BD1=US$2.65. The Dinar is pegged to the US$; it will not fluctuate. ... In the 1830s, Bahrain signed the first of many treaties with Britain, who offered Bahrain naval protection from Ottoman Turkey in exchange for unfettered access to the Gulf. Oil was discovered in 1932, and large-scale oil-drilling soon followed. Oil money brought improved education and health care to Bahrain. It also brought the British closer: The main British naval base in the region was moved to Bahrain in 1935. ... [Read More]
M) Money Laundering and Financial Crimes
To facilitate the ongoing exchange of information to combat money laundering, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has fostered information exchange with other financial intelligence units (FIUs) around the globe, as well as, on a case by case basis, with law enforcement and regulatory agencies of foreign governments. In a few cases (Argentina, Australia, Belgium, France, Mexico, Panama, Slovenia, Spain and the United Kingdom), information exchange arrangements involving FinCEN and other FIUs have been reduced to writing in the form of memoranda of understanding (MOUs) or an exchange of letters. The form of an information exchange arrangement depends on the needs of the FIUs. Prior to the establishment of these types of information exchange arrangements, the United States in limited circumstances entered into cooperation agreements referred to as Financial Information Exchange Agreements (FIEAs) for the exchange of "currency transaction in ... [Read More]
M) Money Laundering and Financial Crimes
The Foreign Exchange Regulation Act (FERA) is one of India’s primary tools for fighting money laundering. Its objectives include the establishment of controls over foreign exchange, the prevention of capital flight, and the maintenance of external solvency. Perversely, efforts to prevent capital flight and the imposition of foreign exchange controls encourage the widespread use of hawala the GOI is trying to prevent. A closely related piece of legislation is the Conservation of Foreign Exchange and Prevention of Smuggling Act, which provides for preventive detention in smuggling and other matters relating to foreign exchange violations. The FERA, and its successor, the Foreign Exchange Management Act (FEMA), is enforced by the Enforcement Directorate (ED), which is part of India’s Ministry of Finance; the ED is the organization most often involved in the investigation of hawala cases, as they often involve foreign exchange transactions. ... [Read More]
Statement by Secretary John W. Snow - US Department of State
The eighteen countries that have already reached Completion Point will have their debt stock owed to the IMF immediately cancelled. The remaining HIPCs would also be eligible for relief upon reaching Completion Point. IMF debt relief would be financed by existing IMF resources and would require no use of gold. The G-8 are also committed that the IMF's financing capacity for low-income countries going forward will not be diminished. ... All of us need to act to achieve strong growth. We all understood that global adjustment is a shared responsibility. U.S. action alone cannot do this job. Vigorous structural reforms are needed in Europe and Japan to lay the foundation for vibrant growth, as well as increased exchange rate flexibility in emerging Asia. ... [Read More]
Jordan
Licensed money-exchangers are supervised by the central bank, but are free to set their own exchange rates depending on market conditions. Unlike banks, they do not pay the central bank commissions for exchange transactions, giving them a competitive edge over banks. ... -- Banks are permitted to purchase an unlimited amount of foreign currency from their clients in exchange for JD on a forward basis. Banks are permitted to engage in reverse operations involving the selling of foreign currency in exchange for JD on a forward deal basis for the purpose of covering the value of imports. ... [Read More]
G8 Finance Ministers Agree to Cancel Debt for 18 Nations- U.S. Department Of State
Turning to improving economic growth, Snow called for "vigorous structural reforms" in Europe and Japan as well as "increased exchange rate flexibility" in Asia. ... The eighteen countries that have already reached Completion Point will have their debt stock owed to the IMF immediately cancelled. The remaining HIPCs would also be eligible for relief upon reaching Completion Point. IMF debt relief would be financed by existing IMF resources and would require no use of gold. The G-8 are also committed that the IMF's financing capacity for low-income countries going forward will not be diminished. ... [Read More]
Money Laundering and Financial Crimes
(1) Patterns of Global Terrorism—1999, United States Department of State Publication 10687, April 2000.A wide-ranging joint FBI and Department of Treasury investigation into interstate cigarette smuggling, involving a suspected Hizballah terrorist cell operating in Charlotte, North Carolina, led to the July 21, 2000 arrest by U.S. authorities of 18 individuals. Ten days later a federal grand jury in North Carolina indicted these individuals, including seven suspected Hizballah supporters, for immigration fraud and related bribery and conspiracies; conspiring to smuggle contraband cigarettes; and conspiring to launder money. Many of the defendants continue to be detained prior to trial, while the investigation continues. At least seven of the defendants are suspected members of, or sympathetic to Hizballah, a foreign terrorist organization designated as such under U.S. law in 1997 and again in 1 ... [Read More]
Philippines
Philippine Stock Exchange took the first step towards the ... exchange and future securities exchanges. However, like other ... tax and duty-free importation of breeding stocks and genetic ... [Read More]
|