OTTAWA: ADVISORY ON BANKING SERVICES TO NORTH

UNCLAS OTTAWA 000037 SIPDIS STATE FOR EAP/K AND WHA/CAN NSC (KEMERSON) E.O. 12958: N/A TAGS: EFIN ECON CA KN KJUS KNNP KTFN SUBJECT: OTTAWA: ADVISORY ON BANKING SERVICES TO NORTH KOREAN GOVERNMENT AGENCIES REF: STATE 921 We passed reftel advisory to GOC officials at the Department of Finance and Foreign Affairs Canada (the Korea Desk, Counter-terrorism office and legal affairs) as well as to the Canadian Bankers' Association (CBA). Finance will convey the message to the Office of the Supervisor of Financial Institutions for dissemination to regulated financial institutions nationwide. Finance confirmed that work is ongoing between the US and Canada to improve coordination and information exchange on Section 311 institutions. The CBA security officer has sent the advisory to members of the Anti-Money Laundering Committee and anticipates that member firms will contact their correspondent banks. Visit Canada's Classified Web Site at http://www.state.sgov.gov/p/wha/ottawa WILKINS