Identifier
Created
Classification
Origin
07BERLIN2028
2007-11-06 17:00:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Embassy Berlin
Cable title:
IRAN/FATF - GERMAN FINANCIAL REGULATORS URGE BANKS
how-toVZCZCXRO9372 PP RUEHAG RUEHDF RUEHLZ DE RUEHRL #2028 3101700 ZNR UUUUU ZZH P 061700Z NOV 07 FM AMEMBASSY BERLIN TO RUEHC/SECSTATE WASHDC PRIORITY 9727 RUEATRS/DEPT OF TREASURY WASHINGTON DC PRIORITY INFO RUCNFRG/FRG COLLECTIVE RUEHBJ/AMEMBASSY BEIJING 0910 RUEHLO/AMEMBASSY LONDON 8640 RUEHMO/AMEMBASSY MOSCOW 1870 RUEHOT/AMEMBASSY OTTAWA 1089 RUEHFR/AMEMBASSY PARIS 9188 RUEHRO/AMEMBASSY ROME 0836 RUEHKO/AMEMBASSY TOKYO 1529 RUEHDI/AMCONSUL DUBAI 0099
UNCLAS BERLIN 002028
SIPDIS
SENSITIVE
SIPDIS
STATE FOR ISN, T, NEA AND EUR
E.O. 12958: N/A
TAGS: EFIN PARM PREL MNUC KNNP PTER PGOV ECON IR GM
SUBJECT: IRAN/FATF - GERMAN FINANCIAL REGULATORS URGE BANKS
TO ENHANCE DUE DILIGENCE
REF: STATE 149648
UNCLAS BERLIN 002028
SIPDIS
SENSITIVE
SIPDIS
STATE FOR ISN, T, NEA AND EUR
E.O. 12958: N/A
TAGS: EFIN PARM PREL MNUC KNNP PTER PGOV ECON IR GM
SUBJECT: IRAN/FATF - GERMAN FINANCIAL REGULATORS URGE BANKS
TO ENHANCE DUE DILIGENCE
REF: STATE 149648
1. (SBU) Global Affairs officer delivered reftel demarche
November 5 to German Finance Ministry Financial Crimes Desk
Officer Kristina Wogatzki and MFA International Financial
Policy Desk Officer Claudia Schuett. According to Wogatzki,
the German Financial Monitoring Association (BaFin)
distributed the German-language text of the FATF
statement/guidance on Iran - along with an advisory from the
German Government to exercise enhanced due diligence with
respect to all Iran-related transactions - to the German
Central Credit Committee (Zentraler Kreditausschuss, or ZKA)
and major German banking associations in late October.
Wogatzki noted that the ZKA and banking associations were
instructed to disseminate the information to their member
financial institutions.
2. (SBU) Schuett said the German Government remains
interested in providing clear, precise guidance to German
banks. She asked whether Treasury had provided specific
information to U.S. banks on how to determine whether Iranian
companies/banks are affiliated with entities of concern, such
as the IRGC.
TIMKEN JR
SIPDIS
SENSITIVE
SIPDIS
STATE FOR ISN, T, NEA AND EUR
E.O. 12958: N/A
TAGS: EFIN PARM PREL MNUC KNNP PTER PGOV ECON IR GM
SUBJECT: IRAN/FATF - GERMAN FINANCIAL REGULATORS URGE BANKS
TO ENHANCE DUE DILIGENCE
REF: STATE 149648
1. (SBU) Global Affairs officer delivered reftel demarche
November 5 to German Finance Ministry Financial Crimes Desk
Officer Kristina Wogatzki and MFA International Financial
Policy Desk Officer Claudia Schuett. According to Wogatzki,
the German Financial Monitoring Association (BaFin)
distributed the German-language text of the FATF
statement/guidance on Iran - along with an advisory from the
German Government to exercise enhanced due diligence with
respect to all Iran-related transactions - to the German
Central Credit Committee (Zentraler Kreditausschuss, or ZKA)
and major German banking associations in late October.
Wogatzki noted that the ZKA and banking associations were
instructed to disseminate the information to their member
financial institutions.
2. (SBU) Schuett said the German Government remains
interested in providing clear, precise guidance to German
banks. She asked whether Treasury had provided specific
information to U.S. banks on how to determine whether Iranian
companies/banks are affiliated with entities of concern, such
as the IRGC.
TIMKEN JR