Identifier
Created
Classification
Origin
05ABUDHABI4904
2005-11-30 14:47:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Embassy Abu Dhabi
Cable title:
CENTRAL BANK GOVERNOR ON INTERNATIONAL COOPERATION
how-tonull Diana T Fritz 08/27/2006 05:11:09 PM From DB/Inbox: Search Results Cable Text: UNCLAS ABU DHABI 04904 SIPDIS CXABU: ACTION: ECON INFO: LEGAT AMB DCM POL TREAS P/M DISSEMINATION: ECON CHARGE: PROG APPROVED: DCM:MQUINN DRAFTED: ECON:BDEMONTLUZIN CLEARED: ECON: OJOHN VZCZCADI989 PP RUEHC RUEHZM RUEHDE RHEHNSC RUEATRS DE RUEHAD #4904 3341447 ZNR UUUUU ZZH P 301447Z NOV 05 FM AMEMBASSY ABU DHABI TO RUEHC/SECSTATE WASHDC PRIORITY 2609 INFO RUEHZM/GULF COOPERATION COUNCIL COLLECTIVE RUEHDE/AMCONSUL DUBAI 5607 RHEHNSC/NSC WASHDC RUEATRS/DEPT OF TREASURY WASHINGTON DC
UNCLAS ABU DHABI 004904
SIPDIS
SENSITIVE
E.O. 12958: N/A
TAGS: KTFN PTER EFIN TC
SUBJECT: CENTRAL BANK GOVERNOR ON INTERNATIONAL COOPERATION
UNCLAS ABU DHABI 004904
SIPDIS
SENSITIVE
E.O. 12958: N/A
TAGS: KTFN PTER EFIN TC
SUBJECT: CENTRAL BANK GOVERNOR ON INTERNATIONAL COOPERATION
1. (U) In an interview published November 30 in the English
language "Khaleej Times," Central Bank Governor Sultan Nasser
Al Suwaidi discussed the UAE Central Bank's cooperation with
foreign law enforcement agencies and financial intelligence
units in other countries. Al-Suwaidi said that, to date, the
Anti-Money Laundering and Suspicious Cases Unit has received
524 inquiries from abroad and sent about 95 requests for
information to counterparts overseas.
2. (U) Al-Suwaidi further noted that the UAE was in the
process of amending its laws and regulations to bring them
"on a par" with global standards. Al-Suwaidi stressed that
the UAE already had laws that were in accordance with the
FATF 40 recommendations on money laundering and the special
nine recommendations on terrorist financing. Al-Suwaidi
said, &The bank welcomed international cooperation in
identifying and isolating the sources of terror.8 He
continued that the bank also supports the exchange of
information between countries and the development of
effective measures to trace the source of money laundering
and confront terror financing. The Governor added that &the
UAE strategy is to educate people on combating terror
financing and money laundering and how to uncover such
crimes.8
3. (SBU) Comment: Although the governor did not give the
time frame, in which the AMLSCU had received these
information requests, in October 2003 the head of the AMLSCU
publicly stated that the UAE had received 164 requests for
assistance from foreign FIUs and referred 58 cases abroad.
In the last two years, it appears that the UAE has received
an additional 360 requests for information from foreign FIUs
and sent 37. End Comment.
SISON
SIPDIS
SENSITIVE
E.O. 12958: N/A
TAGS: KTFN PTER EFIN TC
SUBJECT: CENTRAL BANK GOVERNOR ON INTERNATIONAL COOPERATION
1. (U) In an interview published November 30 in the English
language "Khaleej Times," Central Bank Governor Sultan Nasser
Al Suwaidi discussed the UAE Central Bank's cooperation with
foreign law enforcement agencies and financial intelligence
units in other countries. Al-Suwaidi said that, to date, the
Anti-Money Laundering and Suspicious Cases Unit has received
524 inquiries from abroad and sent about 95 requests for
information to counterparts overseas.
2. (U) Al-Suwaidi further noted that the UAE was in the
process of amending its laws and regulations to bring them
"on a par" with global standards. Al-Suwaidi stressed that
the UAE already had laws that were in accordance with the
FATF 40 recommendations on money laundering and the special
nine recommendations on terrorist financing. Al-Suwaidi
said, &The bank welcomed international cooperation in
identifying and isolating the sources of terror.8 He
continued that the bank also supports the exchange of
information between countries and the development of
effective measures to trace the source of money laundering
and confront terror financing. The Governor added that &the
UAE strategy is to educate people on combating terror
financing and money laundering and how to uncover such
crimes.8
3. (SBU) Comment: Although the governor did not give the
time frame, in which the AMLSCU had received these
information requests, in October 2003 the head of the AMLSCU
publicly stated that the UAE had received 164 requests for
assistance from foreign FIUs and referred 58 cases abroad.
In the last two years, it appears that the UAE has received
an additional 360 requests for information from foreign FIUs
and sent 37. End Comment.
SISON