Identifier
Created
Classification
Origin
04MADRID1816
2004-05-19 15:19:00
UNCLASSIFIED
Embassy Madrid
Cable title:
TERRORIST FINANCING: SPAIN'S ABILITY TO FREEZE
how-toThis record is a partial extract of the original cable. The full text of the original cable is not available.
UNCLAS MADRID 001816
SIPDIS
E.O. 12958: N/A
TAGS: PTER EFIN ECON PREL ETTC SP
SUBJECT: TERRORIST FINANCING: SPAIN'S ABILITY TO FREEZE
ASSETS
REF: STATE 108957
The GOS has independent administrative authority to freeze
assets linked to terrorism under Law 12/2003 on the
Prevention and Blocking of the Financing of Terrorism passed
in May 2003. However, the regulations to implement this law
have not been published, and no assets have been frozen under
this law as government officials are reluctant to use the
powers absent a regulatory framework. We have been pressing
Spanish officials about the regulations which we understand
will be presented to the new government this spring.
ARGYROS
SIPDIS
E.O. 12958: N/A
TAGS: PTER EFIN ECON PREL ETTC SP
SUBJECT: TERRORIST FINANCING: SPAIN'S ABILITY TO FREEZE
ASSETS
REF: STATE 108957
The GOS has independent administrative authority to freeze
assets linked to terrorism under Law 12/2003 on the
Prevention and Blocking of the Financing of Terrorism passed
in May 2003. However, the regulations to implement this law
have not been published, and no assets have been frozen under
this law as government officials are reluctant to use the
powers absent a regulatory framework. We have been pressing
Spanish officials about the regulations which we understand
will be presented to the new government this spring.
ARGYROS