Obaid Naser Al-Otaibi - Mina Al Ahmadi Refinery - mrobaid75@gmail.com
Posted: 10 July 2020
from: Obaid Naser Al-Otaibi <mrobaid75@gmail.com>
date: Jul 7, 2020, 10:11 AM
subject: Re:
mailed-by: gmail.com
I have read your messages. Your position and concerns are well noted and understood. However in pursuance of our planned transfer arrangement scheduled for bank to bank wire transfer.please note I was advised to engage the service of a financial consultant lawyer,to advice and guide us appropriately on the way forward for the transfer process so as to avoid contravening the relevant provisions of the Law on money laundering statutes. My happiness here is that you work with bank before you can advise us.
Also due to the nature of the transaction and my position in the scheme of the project, I had to brief Riaz Hussain (the financial consultant) and sought his advice on the issues of your concerns. Interestingly Barr.Riaz Hussain to have goodwill contacts and relations with banks and I have already mandated him to initiate processes that will lead to unhindered transfer of the fund to any of your overseas account through bank to bank outflow.
I have also forwarded your messages for his appraisal and he informed that the cash fund is not presently in normal account of any bank due to lack of adequate documentation from source that would have enabled its formal acceptance by banks. To this extent, the fund was deposited under safe keeping arrangement with a Security Finance Institution, until we have established the much needed NGO Company (Non Government Organization) beneficiary plat form as advised by the contact bank to facilitate normal bank accommodation of the fund and its subsequent transfer on bank to bank basis. Barr. Riaz Hussain explained that he already has solid and trustful understanding with Banks,for the planned transfer process and they (the bank) intends to use their corporate instruments and documentations to propel the financial transaction and legally cover the documentation lapses.
In fact it was the bank that suggested the involvement of an NGO Company account platform as the most risk proof method available for them to be able to accommodate the fund in their system and subsequently place it for bank to bank out flow without contravening the relevant provisions of money laundering regulations. The indicated procedures are therefore very necessary in our endeavor to send the money to any of your account for the planned investment on high yields.
I would also want to remind you that the most important issue is for the fund to be transferred from Credit Suisse's bank to any accounts of your choice on bank to bank basis without liens, As already noted this is a very peculiar transaction that has to be pursued peculiarly even though due process would be enthroned by our contact bank in its pursuit too. In the mean time I have forwarded your contact to the financial consultant Barr.Riaz Hussain and I hereby advise you to write him and forward your full datiles for progress. Barr. Riaz Hussain(riazhussainatkinchambers@yahoo.co.uk) has the full knowledge of the substance of the planned transaction and he will be inclined to clarify further.
Best Regards.
Obaid
date: Jul 7, 2020, 10:11 AM
subject: Re:
mailed-by: gmail.com
I have read your messages. Your position and concerns are well noted and understood. However in pursuance of our planned transfer arrangement scheduled for bank to bank wire transfer.please note I was advised to engage the service of a financial consultant lawyer,to advice and guide us appropriately on the way forward for the transfer process so as to avoid contravening the relevant provisions of the Law on money laundering statutes. My happiness here is that you work with bank before you can advise us.
Also due to the nature of the transaction and my position in the scheme of the project, I had to brief Riaz Hussain (the financial consultant) and sought his advice on the issues of your concerns. Interestingly Barr.Riaz Hussain to have goodwill contacts and relations with banks and I have already mandated him to initiate processes that will lead to unhindered transfer of the fund to any of your overseas account through bank to bank outflow.
I have also forwarded your messages for his appraisal and he informed that the cash fund is not presently in normal account of any bank due to lack of adequate documentation from source that would have enabled its formal acceptance by banks. To this extent, the fund was deposited under safe keeping arrangement with a Security Finance Institution, until we have established the much needed NGO Company (Non Government Organization) beneficiary plat form as advised by the contact bank to facilitate normal bank accommodation of the fund and its subsequent transfer on bank to bank basis. Barr. Riaz Hussain explained that he already has solid and trustful understanding with Banks,for the planned transfer process and they (the bank) intends to use their corporate instruments and documentations to propel the financial transaction and legally cover the documentation lapses.
In fact it was the bank that suggested the involvement of an NGO Company account platform as the most risk proof method available for them to be able to accommodate the fund in their system and subsequently place it for bank to bank out flow without contravening the relevant provisions of money laundering regulations. The indicated procedures are therefore very necessary in our endeavor to send the money to any of your account for the planned investment on high yields.
I would also want to remind you that the most important issue is for the fund to be transferred from Credit Suisse's bank to any accounts of your choice on bank to bank basis without liens, As already noted this is a very peculiar transaction that has to be pursued peculiarly even though due process would be enthroned by our contact bank in its pursuit too. In the mean time I have forwarded your contact to the financial consultant Barr.Riaz Hussain and I hereby advise you to write him and forward your full datiles for progress. Barr. Riaz Hussain(riazhussainatkinchambers@yahoo.co.uk) has the full knowledge of the substance of the planned transaction and he will be inclined to clarify further.
Best Regards.
Obaid