Wednesday, February 20, 2013

KEY ITEM TO OBTAIN WHEN YOU EXCHANGE YOUR DINARS


KEY ITEM TO OBTAIN WHEN YOU EXCHANGE YOUR DINARS – 20 banker signed copies of CCC – CLEAN AND CLEAR CERTIFICATES


Just a quick update regarding the Dinar.  I've had a Business Colleague share the following information with me.  I also contacted another trusted friend who also concurs with this information when you do exchange your DInar.  I believe the form is CALLED a CCC Form.

Suggestion for when you exchange your dinar:

Request 20 copies of a “Clean and Clear Certificate” at the time of your exchange. This certificate states that the funds resulting from your exchange are clean and clear of all criminal activities.

The reason for having as many as 20 copies is that every time you open a new bank account or want to use a large amount of money for a transaction using funds resulting from your dinar exchange, you’ll want to include a “clean and clear certificate” with your paperwork to open the account, or to execute your transaction. At any time you may be asked to prove where your funds came from and whether they are clear of criminal activity. These certificates prove that the bank certifies your funds are clean and clear.

The bank or party in question will want an original each time; therefore, you’ll want to have plenty of copies so you don’t run out of them--you can’t go back later and get them-- they will only be issued at the time of the exchange.

The bank where you exchange may provide you with 3 copies and may therefore charge extra for any additional copies you request. If you are planning to exchange with a currency trader rather than a bank, ask in advance whether they will issue a “clean and clear certificate.” If not, you may want to choose another place to exchange. 

I read about this a year ago and it is in my notes to ask for thisIt's called the CCC document.  Later when bank wires are sent at your request, the receiving bank needs to know whether the funds might be of criminal origin - from drug sales or money laundering.  Therefore the bank sending the wire may ask for your source of funds and the CCC.  It lends some authority to the transaction that all is good.

But since anyone could copy them, you would have to get your banker where you are parking the source funds to not only provide 20 copies, but also SIGN THEM.!!!!!!!!!!!!!

6 comments:

Anonymous said...

Does anyone here have enough dinars that you have to go to the bother of getting these CCC forms ?

As it stands right now, CCC or not, the bank can and probably will freeze your money. Good luck getting it back.

Anonymous said...

John,
Once you get this form, can you please post that so we can be prepared.
Thanks

Anonymous said...

Has anybody actually cashed in yet? I the news constantly saying "tomorrow" "next week" "NOW". Anybody here made their duckets yet?

Anonymous said...

I keep hearing again and again "do not hold paper!" I hope a certificate is not all they get.

Anonymous said...

Subject: re. clean & clear certificate

Good Afternoon,

I regret to inform you that the "Clean and Clear Certificate" referenced
is nothing that exists nor is it referenced anywhere in any US Federal
Regulations regarding currency exchange nor Anti-Money Laundering laws.

Legal currency exchanges must follow US Law with regard to Anti-Money
Laundering and have policies and procedures to prevent engaging in transactions
that support or enable criminal or terrorist activity.

Please do make sure that your currency exchange does follow US Law by being
registered with FinCEN, licensed in your state and follows AML/BSA Regulations.

Frank Bell
Chief Operating Officer
Sterling Currency Group
www.sterlingcurrencygroup.com

Anonymous said...

Will the CCC forms be available at currency exchange with dealers or only though banks?