[Response to Guru Frank26 11-15-2024 post] Just to clarify, there will be no electronic background checks in the United States for those doing exchanges of Dinar for USD. In the United States, we have a system where Banks are required to report suspicious activities to the Financial Crimes Enforcement Network (FinCEN) under the Bank Secrecy Act (BSA). A SAR (suspicious activity report) is a tool used to monitor suspicious activities that would not ordinarily be flagged under other reports… Banks who are coordinated with the Iraqi government for the exchange event will know that the exchange money is “Clean and Clear” meaning, it is not coming from clandestine sources like terrorist organizations, for example.
Above mentioned Post is below
Frank26 [Iraq boots-on-the-ground report] FIREFLY: When everyone here goes to exchange their notes, there will be immediately an electronic background check. It’s just Iraq’s diligence in stopping corruption at the start… FRANK: I didn’t know that. I find that to be MARVELOUS. BRILLIANT!
