Identifier
Created
Classification
Origin
07ABUDHABI590
2007-04-11 11:20:00
SECRET//NOFORN
Embassy Abu Dhabi
Cable title:
UAE CENTRAL BANK ACTIONS WITH REGARDS TO BANK SEPAH
how-toVZCZCXRO1164 OO RUEHBC RUEHDE RUEHDIR RUEHKUK DE RUEHAD #0590 1011120 ZNY SSSSS ZZH O 111120Z APR 07 FM AMEMBASSY ABU DHABI TO RUEHC/SECSTATE WASHDC IMMEDIATE 8732 INFO RUEHZM/GULF COOPERATION COUNCIL COLLECTIVE PRIORITY RUCNIRA/IRAN COLLECTIVE PRIORITY RUEATRS/DEPT OF TREASURY WASHINGTON DC PRIORITY RHEHNSC/NSC WASHDC PRIORITY
S E C R E T ABU DHABI 000590
SIPDIS
NOFORN
SIPDIS
STATE FOR NEA/IR, NEA/ARP, ISN/CPI, EEB
TREASURY FOR U/S LEVEY, RACHEL LOEFFLER
NSC FOR DAVID STEVENS, JUAN ZARATE
E.O. 12958: DECL: 04/11/2017
TAGS: EFIN KNNP PARM IR AE
SUBJECT: UAE CENTRAL BANK ACTIONS WITH REGARDS TO BANK SEPAH
REF: A. ABU DHABI 547
B. STATE 40440
C. ABU DHABI 526
D. ABU DHABI 510
E. ABU DHABI 473
Classified By: (U) Classified by Ambassador Michele J. Sison for reason
s 1.4 (b) and (d).
S E C R E T ABU DHABI 000590
SIPDIS
NOFORN
SIPDIS
STATE FOR NEA/IR, NEA/ARP, ISN/CPI, EEB
TREASURY FOR U/S LEVEY, RACHEL LOEFFLER
NSC FOR DAVID STEVENS, JUAN ZARATE
E.O. 12958: DECL: 04/11/2017
TAGS: EFIN KNNP PARM IR AE
SUBJECT: UAE CENTRAL BANK ACTIONS WITH REGARDS TO BANK SEPAH
REF: A. ABU DHABI 547
B. STATE 40440
C. ABU DHABI 526
D. ABU DHABI 510
E. ABU DHABI 473
Classified By: (U) Classified by Ambassador Michele J. Sison for reason
s 1.4 (b) and (d).
1. (S//NF) On April 11, 2007 Ahmed Al-Qamzi, Head of the UAE
Anti Money Laundering and Suspicious Cases Unit's (AMLSCU)
International Division (protect) told OFAC Attach that UAE
Banks had frozen &many accounts8 in response to the Central
Bank's UNSCR 1747 search and freeze order. In particular, he
added, the Iranian Banks Melli and Saderat were the first
banks to report to the Central Bank that they had frozen
accounts of Bank Sepah. Al-Qamzi also said that he had been
busily following up with other banks, which were "of concern"
with regard to implementing the UNSCR. He added that he
thought the financial sanctions would have a serious effect
on Iran and that they would make trade between the UAE and
Iran more difficult.
SISON
SIPDIS
NOFORN
SIPDIS
STATE FOR NEA/IR, NEA/ARP, ISN/CPI, EEB
TREASURY FOR U/S LEVEY, RACHEL LOEFFLER
NSC FOR DAVID STEVENS, JUAN ZARATE
E.O. 12958: DECL: 04/11/2017
TAGS: EFIN KNNP PARM IR AE
SUBJECT: UAE CENTRAL BANK ACTIONS WITH REGARDS TO BANK SEPAH
REF: A. ABU DHABI 547
B. STATE 40440
C. ABU DHABI 526
D. ABU DHABI 510
E. ABU DHABI 473
Classified By: (U) Classified by Ambassador Michele J. Sison for reason
s 1.4 (b) and (d).
1. (S//NF) On April 11, 2007 Ahmed Al-Qamzi, Head of the UAE
Anti Money Laundering and Suspicious Cases Unit's (AMLSCU)
International Division (protect) told OFAC Attach that UAE
Banks had frozen &many accounts8 in response to the Central
Bank's UNSCR 1747 search and freeze order. In particular, he
added, the Iranian Banks Melli and Saderat were the first
banks to report to the Central Bank that they had frozen
accounts of Bank Sepah. Al-Qamzi also said that he had been
busily following up with other banks, which were "of concern"
with regard to implementing the UNSCR. He added that he
thought the financial sanctions would have a serious effect
on Iran and that they would make trade between the UAE and
Iran more difficult.
SISON