Identifier
Created
Classification
Origin
03ABUDHABI2452
2003-05-25 12:44:00
SECRET
Embassy Abu Dhabi
Cable title:
(S) UAEG FINDS NO EVIDENCE TO SUPPORT
how-tonull Diana T Fritz 05/24/2007 04:04:49 PM From DB/Inbox: Search Results Cable Text: SECRET SIPDIS TELEGRAM May 25, 2003 To: No Action Addressee Action: Unknown From: AMEMBASSY ABU DHABI (ABU DHABI 2452 - UNKNOWN) TAGS: EFIN, ECON, PREL, PGOV Captions: None Subject: (S) UAEG FINDS NO EVIDENCE TO SUPPORT ALLEGATION RE IRAQI ASSETS IN THE UAE Ref: None _________________________________________________________________ S E C R E T ABU DHABI 02452 SIPDIS CXABU: ACTION: ECON INFO: P/M AMB DCM POL Laser1: INFO: FCS DISSEMINATION: ECON CHARGE: PROG APPROVED: CDA:RAALBRIGHT DRAFTED: ADCM:TEWILLIAMS CLEARED: NONE VZCZCADI957 OO RUEHC RUEATRS RUEHDE RUEAWJA DE RUEHAD #2452 1451244 ZNY SSSSS ZZH O 251244Z MAY 03 FM AMEMBASSY ABU DHABI TO RUEHC/SECSTATE WASHDC IMMEDIATE 0051 INFO RUEATRS/TREASURY DEPT WASHDC IMMEDIATE RUEHDE/AMCONSUL DUBAI IMMEDIATE 3149 RUEAWJA/DOJ WASHDC IMMEDIATE
S E C R E T ABU DHABI 002452
SIPDIS
STATE FOR EB (ANNA BORG AND TROY PEDERSON),NEA/ARP
(PATRICK HEFFERNAN),NEA/RA (PAUL SUTPHIN) AND
L/LEI (LINDA JACOBSON)
TREASURY FOR JEFF ROSS
JUSTICE FOR DOJ/CRIM/OIA - MOLLY WARLOW
E.O. 12958: DECL: 05/25/13
TAGS: EFIN ECON PREL PGOV IZ TC
SUBJECT: (S) UAEG FINDS NO EVIDENCE TO SUPPORT
ALLEGATION RE IRAQI ASSETS IN THE UAE
REF: STATE 135203
S E C R E T ABU DHABI 002452
SIPDIS
STATE FOR EB (ANNA BORG AND TROY PEDERSON),NEA/ARP
(PATRICK HEFFERNAN),NEA/RA (PAUL SUTPHIN) AND
L/LEI (LINDA JACOBSON)
TREASURY FOR JEFF ROSS
JUSTICE FOR DOJ/CRIM/OIA - MOLLY WARLOW
E.O. 12958: DECL: 05/25/13
TAGS: EFIN ECON PREL PGOV IZ TC
SUBJECT: (S) UAEG FINDS NO EVIDENCE TO SUPPORT
ALLEGATION RE IRAQI ASSETS IN THE UAE
REF: STATE 135203
1. (U) CLASSIFIED BY CHARGE RICHARD ALBRIGHT FOR
REASONS 1.5 (B,D).
2. (S) A/DCM conveyed reftel concerns May 21 to
UAE Central Bank Financial Intelligence Unit Chief
Abdul-Rahim Sinkais Al-Awadhi. A/DCM noted that we
had a single, uncorroborated report that as much as
one billion USD in cash had moved into accounts
here belonging to the Al-Wasl and Babel Trading
Company. Al-Awadhi promised to check with the
Central Bank Governor and get back to us.
3. (S) On May 25, Al-Awadhi told A/DCM that,
after consultations with the Governor, he was
authorized to state that the UAEG has no
information to support the allegation. Large
movements of cash of the nature described would
immediately come to the attention of the Central
Bank, and would in any case be reported by the
relevant banks here to the authorities, since large
cash deposits would automatically trigger reporting
requirements. Al-Awadhi suggested that the source
of the information was likely not familiar with the
relatively small size of the UAE financial sector,
nor the oversight of that sector exercised by
government authorities. While hundreds of millions
of dollars might be overlooked in New York or
London, such substantial deposits into the UAE
banking system would have instant visibility.
A/DCM expressed appreciation for this information.
Albright
SIPDIS
STATE FOR EB (ANNA BORG AND TROY PEDERSON),NEA/ARP
(PATRICK HEFFERNAN),NEA/RA (PAUL SUTPHIN) AND
L/LEI (LINDA JACOBSON)
TREASURY FOR JEFF ROSS
JUSTICE FOR DOJ/CRIM/OIA - MOLLY WARLOW
E.O. 12958: DECL: 05/25/13
TAGS: EFIN ECON PREL PGOV IZ TC
SUBJECT: (S) UAEG FINDS NO EVIDENCE TO SUPPORT
ALLEGATION RE IRAQI ASSETS IN THE UAE
REF: STATE 135203
1. (U) CLASSIFIED BY CHARGE RICHARD ALBRIGHT FOR
REASONS 1.5 (B,D).
2. (S) A/DCM conveyed reftel concerns May 21 to
UAE Central Bank Financial Intelligence Unit Chief
Abdul-Rahim Sinkais Al-Awadhi. A/DCM noted that we
had a single, uncorroborated report that as much as
one billion USD in cash had moved into accounts
here belonging to the Al-Wasl and Babel Trading
Company. Al-Awadhi promised to check with the
Central Bank Governor and get back to us.
3. (S) On May 25, Al-Awadhi told A/DCM that,
after consultations with the Governor, he was
authorized to state that the UAEG has no
information to support the allegation. Large
movements of cash of the nature described would
immediately come to the attention of the Central
Bank, and would in any case be reported by the
relevant banks here to the authorities, since large
cash deposits would automatically trigger reporting
requirements. Al-Awadhi suggested that the source
of the information was likely not familiar with the
relatively small size of the UAE financial sector,
nor the oversight of that sector exercised by
government authorities. While hundreds of millions
of dollars might be overlooked in New York or
London, such substantial deposits into the UAE
banking system would have instant visibility.
A/DCM expressed appreciation for this information.
Albright