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  1. #1
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    Default Warka's Dinar Transfer Policy

    From Elsewhere

    Dear XXXXX,

    Due to the large number of FedEx packages that are being sent from the USA tighter restrictions and controls will be placed by the Iraqi customs on the FedEx packages that are coming from the USA and to avoid the possibility of the packages being confiscated we recommend that clients deal with our US associate and VVIP client Mr. William Burbank who can assist our esteemed clients with their dinars through his company BB&M International.

    By using BB&M International to transfer your Iraqi paper dinar into Iraq you do not break laws in either the US or in Iraq. BB&M is a licensed registered currency trading company in the US licensed with the US treasury and licensed and registered in Iraq as a finance business as well. They sell your dinar into dollars at spot in the Dubai currency market and wire the dollars directly into your account at Warka Bank for Investment and Finance. They use licensed, bonded and insured couriers from Titan Security company a company licensed by US Department of Justice to courier the notes to Dubai. This complies with all laws in both countries and allows you to safely hold your existing position in the Iraqi dinar in an Iraqi institution.

    For further information please contact Mr. Burbank at the following email address: [email protected]

    If clients still choose and prefer to send funds by FedEx they will be doing so at their own personal risk.


    Best Regards,


    Deputy Managing Director
    International Affairs

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  3. #2
    Junior Member okie from muskogee's Avatar
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    Quote Originally Posted by Seaview View Post
    From Elsewhere

    Dear XXXXX,

    Due to the large number of FedEx packages that are being sent from the USA tighter restrictions and controls will be placed by the Iraqi customs on the FedEx packages that are coming from the USA and to avoid the possibility of the packages being confiscated we recommend that clients deal with our US associate and VVIP client Mr. William Burbank who can assist our esteemed clients with their dinars through his company BB&M International.

    By using BB&M International to transfer your Iraqi paper dinar into Iraq you do not break laws in either the US or in Iraq. BB&M is a licensed registered currency trading company in the US licensed with the US treasury and licensed and registered in Iraq as a finance business as well. They sell your dinar into dollars at spot in the Dubai currency market and wire the dollars directly into your account at Warka Bank for Investment and Finance. They use licensed, bonded and insured couriers from Titan Security company a company licensed by US Department of Justice to courier the notes to Dubai. This complies with all laws in both countries and allows you to safely hold your existing position in the Iraqi dinar in an Iraqi institution.

    For further information please contact Mr. Burbank at the following email address: [email protected]

    If clients still choose and prefer to send funds by FedEx they will be doing so at their own personal risk.


    Best Regards,


    Deputy Managing Director
    International Affairs
    The only thing that concerns me is the "sell" transaction in Dubai. IMO that would indicate some action is required on your tax returns if the amount meets the IRS requirements. It could also impact your "short term" or "long term" requirements for gains on the sell.

    These are some of the things to consider before using this service.
    If you can't run with the big dogs....stay on the porch!!

  4. #3
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    Default

    I'm not American so I cannot help you with that. [no ref or mention about other places on RC, admin]
    Last edited by Admin; 21-08-2007 at 10:18 PM.

  5. #4
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    Taken from elsewhere - this is a response from Warka after concerns were raised with Warka regarding doing business with the said Company in the first email.


    Dear Mr. XXXXX


    There is no need to be upset and this procedure was simply to assist
    our clients in ensuring that there funds arrive safely to their accounts at
    our bank. You are still entitled to send your funds by FedEx this was
    just a recommendation and you are free to choose the way in which you send
    your funds.


    Best and kind regards,

    Deputy Managing Director
    International Affairs


  6. #5
    Senior Investor investor's Avatar
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    Default

    Quote Originally Posted by Seaview View Post
    From Elsewhere

    Dear XXXXX,

    Due to the large number of FedEx packages that are being sent from the USA tighter restrictions and controls will be placed by the Iraqi customs on the FedEx packages that are coming from the USA and to avoid the possibility of the packages being confiscated we recommend that clients deal with our US associate and VVIP client Mr. William Burbank who can assist our esteemed clients with their dinars through his company BB&M International.

    By using BB&M International to transfer your Iraqi paper dinar into Iraq you do not break laws in either the US or in Iraq. BB&M is a licensed registered currency trading company in the US licensed with the US treasury and licensed and registered in Iraq as a finance business as well. They sell your dinar into dollars at spot in the Dubai currency market and wire the dollars directly into your account at Warka Bank for Investment and Finance. They use licensed, bonded and insured couriers from Titan Security company a company licensed by US Department of Justice to courier the notes to Dubai. This complies with all laws in both countries and allows you to safely hold your existing position in the Iraqi dinar in an Iraqi institution.

    For further information please contact Mr. Burbank at the following email address: [email protected]

    If clients still choose and prefer to send funds by FedEx they will be doing so at their own personal risk.


    Best Regards,


    Deputy Managing Director
    International Affairs
    Does anyone know of a UK based equivalent of this service?

  7. #6
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    Default

    There isn't one at present.

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    Quote Originally Posted by Seaview View Post
    From Elsewhere

    Dear XXXXX,

    Due to the large number of FedEx packages that are being sent from the USA tighter restrictions and controls will be placed by the Iraqi customs on the FedEx packages that are coming from the USA and to avoid the possibility of the packages being confiscated we recommend that clients deal with our US associate and VVIP client Mr. William Burbank who can assist our esteemed clients with their dinars through his company BB&M International.

    By using BB&M International to transfer your Iraqi paper dinar into Iraq you do not break laws in either the US or in Iraq. BB&M is a licensed registered currency trading company in the US licensed with the US treasury and licensed and registered in Iraq as a finance business as well. They sell your dinar into dollars at spot in the Dubai currency market and wire the dollars directly into your account at Warka Bank for Investment and Finance. They use licensed, bonded and insured couriers from Titan Security company a company licensed by US Department of Justice to courier the notes to Dubai. This complies with all laws in both countries and allows you to safely hold your existing position in the Iraqi dinar in an Iraqi institution.

    For further information please contact Mr. Burbank at the following email address: [email protected]

    If clients still choose and prefer to send funds by FedEx they will be doing so at their own personal risk.


    Best Regards,


    Deputy Managing Director
    International Affairs
    This is very interesting. Isn't Bill Burbank the dealer in the military who was promoting the rumor that the 25K note would not be accepted from foriegners and that he would redeem then (for a 10% fee) and deliver the cash to Warka about a year ago? Any possibility this is also Sea-Bee-Can-Do?

    Sounds like he saw an opportunity to make some money after selling billions to foreigners. At that time I did not trust sending someone my bills.

    Regardless, just last week I sold 90% of my stash to Chase, waited three days for verification, then wired the funds to Warka & they are now back in Dinars. Took a bit of a loss on it but felt it might be wise to hedge my bets in view of See-Bee's posts and some other things that could happen.

    Years ago on the other site I did pose the question about what if Iraq decided to require a time limit on foreign redemptions, etc. (wish I had a copy, but have been benned) so this has been on my mind for some time.

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    Default

    Bill bur... is into the iraki bank account thing for some time now, promoting it heavily.
    seen some stuff about it in dinarinfo.

    hmmmm

    marek

  11. #9
    Senior Member MunnyBaggs's Avatar
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    Talked to a couple of investors I touch bases with on occasion and they say the flood of Fed-Ex mailings to Warka are getting attention from customs in Iraq. Supposedly things are going to "tighten up" concerning anything incoming from outside Iraq. (good news I hear is Iraq is "shoring up" their border crossings with modern checkpoints, different topic though). Anyway we all know mailing currency is risky and has to be even more so to a war torn country. I won't vouch for the Mr. B method, but wiring is fairly easy and has a high success rate. Best of luck to all involved, pray for peace. That is the key.
    Munny Model IQD Value Projections
    Range 1345 IQD/1 USD to 1 IQD/.27 USD:

    1345 Target ACHIEVED!!!
    1260 Target ACHIEVED!!!
    1100 IQD/1 USD by Jan. 5, 2008
    810 IQD/1 USD by July 5, 2008
    500 IQD/1 USD by Jan. 3, 2009
    300 IQD/1 USD by Apr. 18, 09
    1 IQD/.01 USD by Aug. 8, 09
    1 IQD/.27 USD by Sept. 12, 09

  12. #10
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    Default Bill Burbank

    Bill has been discussed before in this forum. He was trying to get investors to send their dinars to him to invest in a hedge fund he had set up. Charged upfront fee and 20% on back end. You should be able to find out if you google bill burbank. Also discussed on dark side. Know one seemed positive on their viewpoint of this on either forum at the time.

    Ice

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