SPAIN: TERRORISM FINANCE - IDENTIFYING DESIGNATION

UNCLAS MADRID 000681 SIPDIS STATE FOR EB/ESC/TFS, S/CT, INL/C, EUR/PGI, EUR/ERA TREASURY FOR TFFC, OFAC JUSTICE FOR CRM/AFMLS E.O. 12958: N/A TAGS: EFIN PTER SP KTFN PGOV EUN SUBJECT: SPAIN: TERRORISM FINANCE - IDENTIFYING DESIGNATION AUTHORITIES IN THE EUROPEAN UNION REF: SECSTATE 28352 ¶1. Spain's designation of financiers of terrorism follows the EU Clearinghouse standard. Spain brings entities for designation to the EU Clearinghouse and freezes assets of terrorists designated by the EU or the UN. ¶2. The responsible entity for ensuring that sanctions are implemented against individuals and organizations listed by the UN is the Ministry of Economy's Directorate General of the Treasury, particularly the Subdirectorate General of Inspection and Control of Capital Movements. ¶3. The authority that transmits Spanish positions on financiers of terrorism to the EU Clearinghouse is the Ministry of Foreign Affairs. The decision to propose a listing follows an ad-hoc inter-ministerial coordination process that includes the Ministries of Foreign Affairs and Interior as well as the intelligence service. Once Spain's Terrorist Finance Law of 2003 is implemented a statutory Commission for the Financing of Terrorism will be the authority authorized to designate a terrorist organization. MANZANARES