TERRORISM FINANCE: DESIGNATION OF THREE KUWAIT-BASED

UNCLAS AIT TAIPEI 000261 SIPDIS SIPDIS STATE FOR EEB/ESC/TFS/JJALLORINA TREASURY FOR TFFC LADAN ARCHIN E.O. 12958: N/A TAGS: KTFN EFIN PTER PREL UNSC ECON TW KU SUBJECT: TERRORISM FINANCE: DESIGNATION OF THREE KUWAIT-BASED TERRORIST FACILITATORS REF: 08 STATE 07443 ¶1. Per reftel, Taiwan's Financial Supervisory Commission (FSC) issued a formal instruction on February 18, 2008, providing all banking institutions with information on three individuals --Hamid Al-Ali --Jaber Al-Jalamah, and --Mubarak Mushakhas Sanad Al-Bathali designated on January 16, 2008 by the UN 1267 Sanctions Committee, which added these three names to its list of individuals/entities associated with Usama bin Laden, the Taliban, and/or al-Qa'ida -- who are subject to UN Security Council-mandated sanctions. ¶2. 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. The FSC also asked the following industry associations to request their members to comply with the February 18, 2008 instruction: --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 --Taiwan Depository & Clearing Corporation --four securities finance companies --Joint Credit Information Center YOUNG