Latest news with #financialsystem
Daily Mail
3 days ago
- Business
- Daily Mail
Ex-Bush official makes shocking claim about who is REALLY running the world: 'It's demonic'
A former Bush administration official has made a shocking claim that a mysterious group, she calls Mr Global, is actually pulling the strings in the world. Catherine Austin Fitts, who served as the US Assistant Secretary of Housing and Urban Development for Housing, appeared on the Danny Jones Podcast this week, saying she believes it is a committee of intelligent beings from other dimensions. She explained that world leaders 'are over-influenced by the occult' and are merely puppets. 'I think you have interdimensional intelligence, which is operating demonic intelligence,' Fitts added. Fitts is a prolific conspiracy theorist who has pushed other extreme views such as the COVID pandemic, with its lockdowns and vaccine passports, was to roll out a new, authoritarian financial system. She also believes the vaccines modify human DNA. Speaking about the secret committee, she referenced the Bible, which she said describes both divine and demonic intelligence, claiming the latter is what we are currently dealing with. Fitts has long promoted the idea of a 'Mr Global,' saying the group aims to enslave people through mind control and manipulate global financial systems. She believes this is being carried out through the rollout of robotics, artificial intelligence, satellite systems and central bank digital currencies, tools she claims allow for constant surveillance, automation and centralized decision-making. Fitts is an investment banker and former public official who served under President George H.W. Bush from 1989 to 1990. She also held the role of managing director at Dillon, Read & Co. During her appearance on the Danny Jones Podcast, Fitts was asked to define 'Mr Global.' 'It's the committee that runs the world,' she said. She explained that even those in high-ranking positions, including the White House, likely do not know who exactly comprises this group, but she believes it consists of wealthy elites acting on behalf of a larger, hidden agenda. However, there are no officials who have come forward to confirm her claims. Fitts referenced Nick Redfern's book Final Events and the Secret Government Group on Demonic UFOs and the Afterlife, which investigates a secret US government unit known as the 'Collins Elite.' According to the book, this group concluded that many UFO phenomena are not extraterrestrial, but rather manifestations of demonic entities aiming to deceive and manipulate humanity. 'I don't know anything about [Redfern], but it struck me as someone who was trying to do a faithful job of simply reporting what they found,' said Fitts. However, there is no evidence showing the Collins Elite exists. The conversation then turned to the subject of extraterrestrials and spiritual warfare. 'There are a lot of folks in the intelligence community who publicly state how they believe the whole UFO phenomenon is like this biblical thing, how it's angels and demons,' said Jones. 'Legitimate people in the intelligence community, whether they're still active or retired, or have been on podcasts, say they believe this.' Fitts agreed: 'I think we are dealing with demonic and angelic forces in our world. And that's interdimensional intelligence.' The former official made headlines earlier this month after appearing on the Tucker Carlson Network where she claimed that the US government is secretly preparing for a mass extinction event on Earth. Fritss said she found $21 trillion in unaccounted funds was diverted to covert projects between 1998 and 2015. 'One of the things I've looked at in the process of looking at where all this money is going is the underground base, city infrastructure and transportation system that's been built,' she said. Based on a two-year study, Fitts estimated there are approximately 170 underground facilities in the US and potentially under surrounding oceans, connected by a secret transportation network. When Carlson asked about their purpose, Fitts responded, 'A near-extinction event,' suggesting the bases are designed to protect elites during a catastrophic scenario. Fitts offered few specifics about the impending threat but pointed to climate change, resource mismanagement, natural disasters, geopolitical conflicts, or societal collapse as possible triggers. In a striking revelation, Fitts claimed she was offered a place in an underground base but declined, stating she preferred to 'take my chances on the surface.' While she made the claims on the Tucker Carlson Network, there is no evidence that the US has 170 secret underground bases. However, Michigan State University economist Mark Skidmore and his team found $21 trillion in unauthorized spending in the Departments of Defense and Housing and Urban Development from 1998 to 2015. Skidmore worked with Fitts around that time, uncovering that the Army had $6.5 trillion in unsupported adjustments in fiscal 2015 alone. Given the Army's $122 billion budget, which meant unsupported adjustments were 54 times the spending authorized by Congress, Skidmore shared in the 2017 report. They also found 170 journal voucher adjustments that are used to correct errors in existing accounting entries or to make necessary adjustments at the end of a reporting period to ensure accurate financial statements. The adjustments amounted to $2.1 trillion.
Zawya
3 days ago
- Business
- Zawya
Kuwait taps Google for smart finance overhaul
KUWAIT CITY - Kuwait's Finance Minister Noura Al-Fassam held talks on Wednesday with Google Cloud's Vice President of Customer Engineering for the Middle East, Africa and Europe Chris Lindsay, focusing on efforts to push forward a national digital drive. The digital transformation, including a transition into a cloud-based financial system that guarantees more 'flexibility and transparency,' represents the focal point of economic reforms in Kuwait, according to a finance ministry statement. Kuwait's finance ministry will be among the first state bodies to make the transition into a digital system, which is a testament to its 'commitment' to employ cutting-edge technology, such as Artificial Intelligence tools, in a bid to improve the quality of its services, the statement underlined. The talks come as part of the 'strategic partnership' agreement between Kuwait and the US tech giant, which aims to develop advanced digital infrastructure across all state bodies, added the statement. It went on to espouse the merits of a full-fledged digital transformation, citing streamlined processes, data-driven decision-making and greater efficiency as chief among those benefits. Arab Times | © Copyright 2024, All Rights Reserved Provided by SyndiGate Media Inc. (
Malay Mail
4 days ago
- Business
- Malay Mail
Consistent transparency by banks critical to tackling fraud and money laundering, says lawyer
KUALA LUMPUR, May 29 —Consistent and transparent disclosure of internal compliance information by banks—particularly in cases involving suspicious cross-border remittances—is key to boosting corporate confidence in Malaysia's financial system, said legal expert Datuk J. Shamesh. He said pre-action discovery mechanisms, increasingly recognised by Malaysian courts, are playing a pivotal role in compelling financial institutions to disclose crucial documents that could help uncover fraudulent transactions. 'Legal tools such as the Norwich Pharmacal relief and Order 24 Rule 7A of the Rules of Court 2012 allow aggrieved parties to seek access to a bank's internal documents—even before initiating formal legal proceedings—especially in cases involving potential fraud, money laundering or questionable transfers,' said Shamesh. Speaking to Bernama, the lawyer also highlighted that while these tools are not intended to implicate the bank, they enable access to records that may assist in identifying wrongdoers or enforcing legal rights. The corporate lawyer cited the case of First Malaysia Finance Bhd v Dato' Mohd Fathi Haji Ahmad [1993] 3 CLJ 329, in which the court endorsed the Norwich Pharmacal principle, ruling that a third party, such as a bank, can be ordered to disclose information if it is innocently mixed up in potential wrongdoing. Shamesh explained that this decision confirms that compliance records, anti-money laundering (AML) frameworks, internal alerts, and audit trails can be disclosed when legitimate legal interests are at stake. He further noted that courts may issue disclosure orders when there is evidence of fraud, financial misconduct, the use of third-party accounts for illicit fund transfers, suspected breaches of internal compliance policies, or money laundering activities involving cross-border transactions. 'These disclosures are especially important when doubts arise about a bank's internal controls or when red flags are raised during due diligence,' he added. Shamesh stressed that consistent and transparent cooperation by banks in such proceedings could significantly strengthen trust among corporate clients. 'Corporates want assurance that financial institutions will support legitimate investigations and are not safe havens for questionable remittances,' he said. However, he cautioned that resistance or selective disclosure by banks could backfire, potentially undermining public and corporate confidence in the sector's commitment to transparency. 'If applied consistently, these disclosure practices not only reinforce governance and compliance standards but also send a strong message that banks are active partners in the fight against financial crime,' he said. — Bernama
Arabian Business
5 days ago
- Business
- Arabian Business
CBUAE issues $5m fines to foreign banks
The Central Bank of the UAE has imposed financial sanctions worth $5m on two branches of foreign banks operating in the UAE, The sanctions amounted to AED10.6m ($2.9m) for the first bank and AED7.5m ($2m) for the second bank, pursuant to Article (14) of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations. The financial sanctions were imposed based on the findings of examinations conducted by the CBUAE. CBUAE sanctions foreign banks Investigations revealed violations and failures to comply with the Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations framework, and related regulations. The CBUAE, through its supervisory and regulatory mandates, endeavours to ensure that all banks and their staff, abide by the UAE laws, regulations and standards established by the CBUAE to maintain transparency and integrity of the financial transactions and safeguard the country's financial system.
Zawya
5 days ago
- Business
- Zawya
CBUAE imposes financial sanctions of 18.1mln on two branches of foreign banks operating in the UAE
Abu Dhabi: The Central Bank of the UAE (CBUAE) imposed financial sanctions on two branches of foreign banks operating in the UAE, amounting to 10,600,000 for the first bank and 7,500,000 for the second bank, pursuant to Article (14) of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations. The financial sanctions were imposed based on the findings of examinations conducted by the CBUAE, which revealed violations and failures to comply with the Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations framework, and related regulations. The CBUAE, through its supervisory and regulatory mandates, endeavors to ensure that all banks and their staff, abide by the UAE laws, regulations and standards established by the CBUAE to maintain transparency and integrity of the financial transactions and safeguard the UAE financial system.
