TERRORIST FINANCE - CROATIA FREEZES ACCOUNT OF TWO

C O N F I D E N T I A L ZAGREB 001304 SIPDIS SIPDIS TREASURY FOR OFAC E.O. 12958: DECL: 10/25/2016 TAGS: EFIN PTER ETTC KTFN HR SUBJECT: TERRORIST FINANCE - CROATIA FREEZES ACCOUNT OF TWO ON 1267 LIST Classified By: Econ Officer Nicholas Berliner for reasons 1.4 b/d. ¶1. (C) Croatia's Financial Intelligence Unit (FIU) froze an account of two 1267 designated individuals on May 2, 2006. The account owner was Wael Hamza Julaidan and the co-signer Chafiq Ayadi. According to information shared by the FIU, this account was opened in 1992 and was used through the end of 1993. There have been no transactions on the account since that time, other than interest accrual and account fees. The FIU picked up the account on Ayadi's name as the co-signer. The spelling provided for Julaidan was a slightly different variant, Wael Hamzah A. Jelaidan. ¶2. (C) Comment: The FIU in Croatia relies on its cooperation with the commercial banks. Our contacts characterized this as an old account that was missed in previous vetting and were quick to point out that it contained a small sum and had not been active even at the time of the designation of its holders. Nevertheless, this points up the difficulties the FIU faces. Its small staff contains very few people with the specialized knowledge required for the work it does. This situation is exacerbated by a high attrition rate, as government salaries in Croatia are simply not competitive with the private sector, particularly in finance. End Comment. ¶3. (SBU) Account Details: Bank: Privredna Banka Zagreb Acc. No: 24116815430-71961 Date Opened: 20 November 1992 - active until late 1993 Acc. Holder: Wael Hamza Julaidan (Wael Hamzah A. Jelaidan - variant provided by FIU) Cosignatory Chafiq Ayadi Balance: USD 6,468.56; EUR 6,870.69 Date Frozen by FIU: 2 May 2006 Date Frozen by Court: 3 May 2006 BRADTKE