DEMARCHE TO AUSTRIA: IMPORTANCE OF SWIFT

S E C R E T VIENNA 000810 SIPDIS SIPDIS DEPARTMENT FOR ISN, EB, AND EUR/AGS E.O. 12958: DECL: 03/28/2017 TAGS: PARM KNNP EFIN KTFN ETTC AU IR SUBJECT: DEMARCHE TO AUSTRIA: IMPORTANCE OF SWIFT IMPLEMENTATION OF UNSCR 1747 SANCTIONS ON BANK SEPAH REF: STATE 38553 Classified By: Economic-Political Counselor Gregory E. Phillips for reasons 1.4 (b) and (d) ¶1. (S) On March 28, EconUnit Chief delivered reftel statement from Deputy Treasury Secretary Kimmitt to Birgit Ertl, Assistant to the Ministry of Finance's (MoF) Director General and to Elisabeth Ottawa, the MoF's Terrorist Financing Coordinator. EconUnit Chief underscored the importance of implementing UNSCR 1747 quickly, especially the sanctions against Bank Sepah and Bank Sepah International. ¶2. (S) Ertl welcomed the Deputy Secretary's statement, emphasizing that Austria would fully implement UNSCR 1747. Ertl said the MoF had alerted Austrian banks approximately two weeks ago that Bank Sepah would most likely be on a new UNSCR list, asking the banking community to be vigilant towards any efforts by Sepah to transfer assets in advance of UNSCR 1747. Kilner