[AlAhram] MPs said 80 percent of terrorist crimes were funded through money laundering activities
Egypt's House of Representatives approved on Sunday new amendments to the anti-money laundering law (80/2002).
Parliament speaker Ali Abdel-Aal said the amendments are necessary and aim to dry up the sources of funding for terrorist and organised crime. He explained that the approved amendments will be referred to the State Council to be revised in constitutional and legal terms before they are put up for a final vote.
MP Osama Sharshar said the amendments come at the right time to target terrorist militias, which resort to money laundering activities to commit their crimes.
The majority speaker Abdel-Hadi El-Qasabi said money laundering has become a major source of funding for terrorist activities in recent years.
"These amendments target these crimes and implement Egypt’s commitments in line with the Middle East and North Africa Financial Task Force in this respect," said El-Qasabi.
Adel Nasser, the parliamentary spokesperson of the Future of a Homeland Party, said the amendments are necessary as 80 percent of terrorist crimes were funded by money laundering operations, said Nasser.
A report prepared by the House's constitutional and legislative affairs committee said amendments to the 16-article law are part of a wider effort to crack down on terrorism funding.
"Amendments to laws on anti-terror and terrorist entities were amended and approved by the House last month in a bid to tighten the grip on terrorism funding, and the amendments to the anti-money laundering law serve this objective and go in line with new developments in the area of terrorist crimes over 18 years," said the report.
"Besides, the amendments come at a time when Egypt's legal framework against money laundering and terrorism financing has become subject to review by the Middle East and North Africa Financial Action Task Force," added the report.
Bahaaeddin Abu Shoka, chairperson of the legislative and constitutional affairs committee and leader of the opposition Wafd Party, told MPs that the amendments, approved by the committee on 2 March, generally aim to update the law in terms of widening the scope of the definition of money laundering to include the selling and smuggling of oil, natural resources, securities and cryptocurrency, among other assets.
"The amendments will also toughen penalties in the form of a seven-year prison sentence and hefty fines will be imposed on those convicted of laundering any of the above assets," said Abu Shoka.
The report explains that three main articles of the anti-money laundering law will be amended.
"Article 16 will be amended to give greater powers to the Anti-Money Laundering and Terrorism Funding Unit, with the objective of expediting the necessary measures in this respect, primarily freezing the assets and cash of those suspected of funding terrorist crimes," said the report.
Article 18 will be amended to make it compulsory for local authorities and the anti-money laundering unit to reinforce cooperation and exchange information with international organizations focused on fighting money laundering and the funding of terrorism.
Article 9 will be amended to require the anti-money laundering unit to publish up-to-date and comprehensive statistics and figures on its activities and operations in tracking the illegal funding of terrorist crimes.
[AnNahar] Soddy Arabia ...a kingdom taking up the bulk of the Arabian peninsula. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual hajj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. When the oil runs out the rest of the world is going to kick sand in the Soddy national face... released images of King Salman ...either the largest species of Pacific salmon or the current Sheikh of the Burnin' Sands, Custodian of the Two Holy Mosques and Lord of Most of the Arabians... carrying out his royal duties on Sunday, after a stunning purge of at least three princes including his brother and nephew for allegedly plotting a coup.
Saudi royal guards on Friday detained the trio, multiple sources told AFP, in a move that signals Crown Prince Mohammed bin Salman ...Crown Prince of Saudi Arabia as of 2016. The Turks hate him, so he must be all right, despite the occasional brutal murder of Qatar-owned journalists... 's tightening grip on power.
The detentions also raised speculation about the health of the 84-year-old king and whether Prince Mohammed's succession to the Arab world's most powerful throne was imminent.
But the official Saudi Press Agency posted photos of the king presiding over the swearing-in ceremony of newly appointed Saudi ambassadors to Ukraine and Uruguay.
A source close to the Saudi leadership told AFP on Saturday the "king is healthy and fine" and the detentions were meant to enforce "discipline" within the royal family.
The crown prince is "in control" and the purge was carried out "after an accumulation of negative behavior by the two princes", this source added without elaborating.
Prince Ahmed bin Abdulaziz al-Saud, a brother of King Salman, and the monarch's nephew Prince Mohammed bin Nayef were detained after they were accused of plotting a palace coup aimed at unseating the crown prince, heir to the Saudi throne, sources said.
Prince Nayef's younger brother, Prince Nawaf bin Nayef, was also detained, they added.
The detentions mark the latest crackdown by Prince Mohammed, the king's son who has consolidated his grip on power with the imprisonment of prominent holy mans and activists as well as princes and businessmen.
He is already viewed as the de facto ruler, controlling all the major levers of government, from defense to the economy.
The #oil market has opened with Brent and WTI plunging more than 30% immediately, the largest one-day drop since Jan 17, 1991 (the start of the Gulf War). Although they are both a bit higher now, still down more than 20% now (after a 10% drop on Friday) #OOTTpic.twitter.com/aXlTFHklPw
#ARAMCO closed the second it opened. Now -10% after yesterday's -9%. Market cap now $1.44T. It's off by some $560B from wishful thinking. The Riyadh Tawadul (TASI) index is down -9%. Little has been done to diversify the economy away from oil. A @tradingview chart #OOTTpic.twitter.com/rFZOgjjpvS
This oil-price plunge poses an existential threat to several unpopular autocracies, including Iran, KSA, and Venezuela. They will have to cut subsidies, which means trouble—trouble in the midst of a pandemic. We’re in uncharted territory.
Since Trump's election the MSM (by which I mean the Democratic Party) has been playing the stock market boom as just rich guys getting richer. They will now seamlessly pivot to "small investors losing gazillions" (until the market recovers, when rich guys will resume getting richer.)
The person I would least like to be this morning is a manager for one of the large underfunded pension plans.
Isn’t that lovely. They make it so interesting for their satraps.
[Rudaw] Two months after the death of Iranian commander Qasem Soleimani in Baghdad, a top advisor to Iran’s Supreme leader told news hounds in Baghdad on Sunday that Iran ...a theocratic Shiite state divided among the Medes, the Persians, and the (Arab) Elamites. Formerly a fairly civilized nation ruled by a Shah, it became a victim of Islamic revolution in 1979. The nation is today noted for spontaneously taking over other countries' embassies, maintaining whorehouses run by clergymen, involvement in international drug trafficking, and financing sock puppet militias to extend the regime's influence. The word Iran is a cognate form of Aryan, the abbreviation IRGC is a cognate form of Stürmabteilung (or SA), the term Supreme Guide is a cognate form of either Shah or Führer or maybe both, and they hate JewsZionists Jews. Their economy is based on the production of oil and vitriol... "appreciates" Iraqi efforts to expel US troops.
Secretary of the Supreme National Security Council of Iran Ali Shamkhani arrived to Baghdad on Saturday in an official visit to discuss the formation of the next Iraqi cabinet with Iraqi president Barham Salih, Speaker of the parliament Mohammed al-Halbousi and Iraqi caretaker Prime Minister Adil Abdul-Mahdi.
Continued on Page 49
[JPost] - Blue and White leader Benny Gantz's chances of forming a government took a hit on Monday, when Blue and White MKs Tzvi Hauser and Yoaz Hendel ruled out backing a minority government backed from outside the coalition by the Joint List of Arab parties.
MKs Gabi Ashkenazi and Chili Tropper also oppose a minority government but have not joined Hauser and Hendel's rebellion. Without Hendel and Hauser, Gantz's majority over Prime Minister Benjamin Netanyahu's right-wing bloc would fall to 60-58 and make Gantz reliant on the three MKs of Balad, the most extreme Arab party in the Knesset, whose past MKs have been convicted of aiding terrorist groups. Actually, without these two, he doesn't have 61 even with Balad. Jurnos can't do arithmetic 120 - 58 = 62 - 2 = 60 < 61.
[ENGLISH.ALARABIYA.NET] Iranian holy mans Reza Modarresi and Ali Hosseini, as well as former prosecutor Mousa Torabzadeh, have died from coronavirus, according to the Iranian media.
Iran’s health ministry on Sunday reported 49 new deaths from coronavirus, the highest toll within 24 hours since the start of the outbreak in the Islamic Theocratic Republic.
The virus has spread to all of Iran’s 31 provinces with 6,566 confirmed cases.
Reza Modarresi, a holy man from Qom, died from coronavirus, the semi-official Khabar Online news agency reported.
Cleric Ali Hosseini, the head of the Islamic Development Organization in the city of Aliabad-e-Katul in Golestan province, died on Thursday, the semi-official Mehr news agency reported on Friday.
While Mehr did not cite the cause of death, other Iranian media outlets reported that Hosseini died from coronavirus.
The Islamic Development Organization is a religious and cultural organization created by former Supreme Leader and founder of the Islamic Theocratic Republic Ayatollah Ruhollah Khomeini after the 1979 Revolution in Iran. The goal of this organization is to promote the ideologies of the Islamic Theocratic Republic.
Hosseini had also served in the Islamic Revolutionary Guard Corps (IRGC).
Two other Iranian holy mans, Mostafa Amini and Nematollah Javadi Bamiani, have also died from coronavirus, according to unconfirmed reports.
Mousa Torabzadeh, the former prosecutor of Astaneh-ye Ashrafiyeh, a city in Gilan province, has also died from coronavirus, according to a Telegram channel affiliated with the Iranian judiciary.
Iran’s northern province of Gilan is one of the epicenters of the coronavirus outbreak in the country.
Coronavirus has infected and killed several other politicians and military and religious figures in Iran.
Posted by: Fred ||
03/09/2020 00:00 ||
Top|| File under: Govt of Iran
Negotiations to restructure #Lebanon’s foreign currency debt should not last more than nine months if well-intentioned, says the economy minister, as the country heads for its first sovereign default.https://t.co/0dUK71VizY
While Iran’s health ministry announces the death toll from #coronavirus for the whole country is 194, the health minister’s representative in Gilan province says that more than 200 have died in #Gilan alone.https://t.co/qKnAobqItD
"We are ready for confrontation in the Levant, Yemen and Iraq. Our Ababils [Iranian drone] are ready for destroying the oppressors and our Sejjil missiles are pointed at Tel-Aviv. Soon we will hear the voice of Imam al Mahdi in Mecca."
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.