Cross border illicit payments

C. Other illicit payments 16 17 5

Tax deductibility of illicit payments

Draft International Agreement on Illicit

According to the Law on the System of Payments, the activity of money remittance transfer services is illegal if they are not licensed by the Central Bank.

Payments made by the field office are recognized as disbursements and not expenditure.

Negotiable instruments and other non payment obligations

C. Payment facility for former spouses . 284 290 64

This impacts upon the Fund's ability to reissue payments speedily when such payments cannot be completed.

Accounts payable to the International Tribunal for the Former Yugoslavia

France (received last installment of the 1997 contribution)

Cash balances available in the early months of 2005 have been sufficient to cover the Court's related commitments, and initial disbursement against the commitment authority mentioned in paragraph 16 above was necessary only in March 2005 a first disbursement ( 1.5 million) was made in March and a second one ( 2.5 million) in April 2005.

244 NGO projects with excessive advances

Since the buyer had not effected payment by the agreed date, the seller brought an action for payment against the buyer and his guarantor before a French court (Bobigny Commercial Court).

In respect of paragraph (2), it was pointed out that in some legal systems the payment of certain categories of claims (such as fines and other pecuniary sanctions, or claims whose payment was deferred) were ranked lower than unsecured non priority claims.

Due to the International Tribunal for the Former Yugoslavia

Payments fail upon execution owing to faulty, incorrect or incomplete payment instructions.

Well, gentlemen unless the bombs are found, I'm afraid we have to pay their price.

The high levels of outstanding assessed contributions for the regular budget of the Organization and the considerable negative cash position of the International Tribunals, which stood at 80 million as of 15 October 2004, were cause for concern, as was the fact that 113 countries had outstanding assessed contributions for the budgets of one or both of the Tribunals.

Due to the International Criminal Tribunal for Rwanda

(b) For NGO projects, of the 244 NGO executed projects where outstanding advances exceeded three months of reported expenditure, the Board found 110 projects, with outstanding advances totalling 1.8 million, where there had been no 1997 expenditure reported and 59 projects, with outstanding advances totalling 3.6 million, where disbursement reports for 1997 were incomplete.

Previously, actual disbursements within obligations and residual obligations were recognized as expenditures.

Currently, the treasury uses the Society, which has 22 banks globally, to execute non United States dollar payments and cross border United States dollar payments.

(c) designate the officers who may receive moneys, incur obligations and make payments on behalf of the Tribunal

Terms upon which common agreement has been reached and their corresponding definitions are given below.

Previously, actual disbursements within obligations and residual obligations were recognized as expenditures.

Of the 103 Member States that still had unpaid assessed contributions to one or both tribunals, 12 had not paid any assessments for the tribunals since their inception.

Provision for uncollectible contributions receivable

Recording of advances to implementing partners

The USD 3,675,000 amount for payment of relief was re allocated between actual payments and interest on the amounts paid.

estimation of provisions and contingencies

It was paradoxical that most of the developing countries had paid or were in the process of paying their dues, whereas the super Powers, which certainly had the means to pay, had not been so forthcoming.

Disbursements payments

However, the level of voluntary contributions available to the Court had now been exhausted, and an initial disbursement against the 20 million commitment authority had been made in May 2005.

According to the Law on the System of Payments and Payment Organizations the Money remittance transfer service can operate outside the banks only after being licensed by the Central Bank.

Their taxes and other dues are crucial for Governments that on the one hand may face enormous tasks in areas such as social systems or upgrading of public infrastructure, while on the other having only a fraction of the resources of developed country Governments to tackle these problems.

(c) Except where a paid cheque is returned by the bank or a debit advice is received from the bank, a payee's written receipt shall be obtained for all disbursements.

Commitments, representing legal obligations for which disbursements will be made in future years, were entered into prior to 31 December 2004 as below.

Commitments, representing legal obligations for which disbursements will be made in future years, were entered into prior to 31 December 2004, as below

Full payment was received subsequently from South Africa and the United Kingdom.

However, cash balances available to the Court in the early months of 2005 were sufficient to cover the Court's related commitments.

Since Poland had also paid its assessments for the two International Tribunals, 79 countries were up to date with their contributions to the budgets of the Tribunals that was far from enough to finance its functioning.

A company or individual that obtains a contract because of illicit payments has gained an unfair advantage over other competitors.

Under the refined practice, actual disbursements and verified commitments are recognized as expenditures which is considered a more accurate reflection of such expenditures.

(ii) Payments Unit