Identifier
Created
Classification
Origin
08AITTAIPEI1776
2008-12-24 05:51:00
UNCLASSIFIED
American Institute Taiwan, Taipei
Cable title:
TERRORISM FINANCE: U.S. DESIGNATION OF UNION OF GOOD
how-toVZCZCXYZ0000 RR RUEHWEB DE RUEHIN #1776 3590551 ZNR UUUUU ZZH R 240551Z DEC 08 FM AIT TAIPEI TO RUEHC/SECSTATE WASHDC 0622 RUEATRS/DEPT OF TREASURY WASHDC RUCNDT/USMISSION USUN NEW YORK 0099
UNCLAS AIT TAIPEI 001776
SIPDIS
STATE FOR INS, NEA/IR, EEB/ESC/TFS/CHRIS BACKEMEYER, NEA/I/JKONDOS,
AND S/CT/TDROZDENKO
TREASURY FOR TFFC LADAN ARCHIN
E.O. 12958: N/A
TAGS: EFIN KTFN PTER ETTC PREL PINR KWBG KPAL UNSC ECON
IS, SA, WE, GZ, TW
SUBJECT: TERRORISM FINANCE: U.S. DESIGNATION OF UNION OF GOOD
REF: STATE 127070
UNCLAS AIT TAIPEI 001776
SIPDIS
STATE FOR INS, NEA/IR, EEB/ESC/TFS/CHRIS BACKEMEYER, NEA/I/JKONDOS,
AND S/CT/TDROZDENKO
TREASURY FOR TFFC LADAN ARCHIN
E.O. 12958: N/A
TAGS: EFIN KTFN PTER ETTC PREL PINR KWBG KPAL UNSC ECON
IS, SA, WE, GZ, TW
SUBJECT: TERRORISM FINANCE: U.S. DESIGNATION OF UNION OF GOOD
REF: STATE 127070
1. (U) Per reftel, Taiwan's Financial Supervisory Commission (FSC)
issued a formal instruction on December 22, 2008, providing all
banking institutions with information on the U.S. Department of the
Treasury's designation of the Union of Good, a Saudi Arabia-based
organization, as a supporter of terrorism under Executive Order
13224.
2. (U) In the instruction, the FSC directs Taiwan banking
institutions to treat transactions with the designated individuals
and their beneficiaries as suspected money laundering transactions,
and instantly report these transactions to the Ministry of Justice
Investigation Bureau for further investigation and action.
3. (U) The FSC also asked the following industry associations to ask
their members to comply with the October 3, 2008 instructions:
--Credit Cooperation Association
--Bills Finance Association
--Securities Firms Association
--Securities Investment Trust and Consultant Association
--Futures Commissioners Association
--Life Insurance Association
--Non-life Insurance Association
--all jewelry associations
--Credit Card Firms Association
YOUNG
SIPDIS
STATE FOR INS, NEA/IR, EEB/ESC/TFS/CHRIS BACKEMEYER, NEA/I/JKONDOS,
AND S/CT/TDROZDENKO
TREASURY FOR TFFC LADAN ARCHIN
E.O. 12958: N/A
TAGS: EFIN KTFN PTER ETTC PREL PINR KWBG KPAL UNSC ECON
IS, SA, WE, GZ, TW
SUBJECT: TERRORISM FINANCE: U.S. DESIGNATION OF UNION OF GOOD
REF: STATE 127070
1. (U) Per reftel, Taiwan's Financial Supervisory Commission (FSC)
issued a formal instruction on December 22, 2008, providing all
banking institutions with information on the U.S. Department of the
Treasury's designation of the Union of Good, a Saudi Arabia-based
organization, as a supporter of terrorism under Executive Order
13224.
2. (U) In the instruction, the FSC directs Taiwan banking
institutions to treat transactions with the designated individuals
and their beneficiaries as suspected money laundering transactions,
and instantly report these transactions to the Ministry of Justice
Investigation Bureau for further investigation and action.
3. (U) The FSC also asked the following industry associations to ask
their members to comply with the October 3, 2008 instructions:
--Credit Cooperation Association
--Bills Finance Association
--Securities Firms Association
--Securities Investment Trust and Consultant Association
--Futures Commissioners Association
--Life Insurance Association
--Non-life Insurance Association
--all jewelry associations
--Credit Card Firms Association
YOUNG