Identifier
Created
Classification
Origin
08MANAMA130
2008-03-04 12:54:00
CONFIDENTIAL
Embassy Manama
Cable title:
FUTURE BANK'S FUTURE
how-toVZCZCXYZ0153 OO RUEHWEB DE RUEHMK #0130 0641254 ZNY CCCCC ZZH O 041254Z MAR 08 FM AMEMBASSY MANAMA TO RUCNIRA/IRAN COLLECTIVE IMMEDIATE RHBVAKS/COMUSNAVCENT IMMEDIATE RHEHNSC/NSC WASHDC IMMEDIATE RUEHC/SECSTATE WASHDC IMMEDIATE 7636 RUEATRS/TREASURY WASHDC IMMEDIATE
C O N F I D E N T I A L MANAMA 000130
SIPDIS
SIPDIS
STATE FOR NEA - GRAY, STEINFELD, JACKSON-FARRIER, GERBER,
ISN - MCNERNY
NSC FOR ABRAMS, SINGH
TREASURY FOR UNDER SECRETARY LEVEY
E.O. 12958: DECL: 03/14/2018
TAGS: PREL, PTER, PARM, EFIN, ECON, IR, BA
SUBJECT: FUTURE BANK'S FUTURE
REF: STATE 21770
Classified By: Ambassador Adam Ereli for reasons 1.4 (b) and (d)
C O N F I D E N T I A L MANAMA 000130
SIPDIS
SIPDIS
STATE FOR NEA - GRAY, STEINFELD, JACKSON-FARRIER, GERBER,
ISN - MCNERNY
NSC FOR ABRAMS, SINGH
TREASURY FOR UNDER SECRETARY LEVEY
E.O. 12958: DECL: 03/14/2018
TAGS: PREL, PTER, PARM, EFIN, ECON, IR, BA
SUBJECT: FUTURE BANK'S FUTURE
REF: STATE 21770
Classified By: Ambassador Adam Ereli for reasons 1.4 (b) and (d)
1. (C) Ambassador briefed Bahrain,s Undersecretary of
Foreign Affairs Sheikh Abdulaziz bin Mubarak Al Khalifa
Tuesday, March 4, on UNSCR 1803 (reftel) and discussed next
steps on Future Bank. (Foreign Minister Sheikh Khalid bin
Abdullah al Khalifa was in Cairo attending an Arab League
ministerial.)
2. (C) Ambassador told Sheikh Abdulaziz that Resolution 1803
specifically cites Banks Melli and Saderat and urges member
states to exercise vigilance over their activities. Sheikh
Abdulaziz said that this should provide sufficient basis for
Bahrain to act against Future Bank. The Ambassador stressed
to the Undersecretary that this meant either pulling the
bank,s license or otherwise shutting it down. He added that
if action was not taken within a week, the U.S. would most
likely move to designate.
3. (C) Sheikh Abdulaziz spoke shortly thereafter with the
Foreign Minister in Cairo, who said that he would work to get
"a political decision" to shut down the bank before March 11.
********************************************* ********
Visit Embassy Manama's Classified Website:
http://www.state.sgov.gov/p/nea/manama/
********************************************* ********
ERELI
SIPDIS
SIPDIS
STATE FOR NEA - GRAY, STEINFELD, JACKSON-FARRIER, GERBER,
ISN - MCNERNY
NSC FOR ABRAMS, SINGH
TREASURY FOR UNDER SECRETARY LEVEY
E.O. 12958: DECL: 03/14/2018
TAGS: PREL, PTER, PARM, EFIN, ECON, IR, BA
SUBJECT: FUTURE BANK'S FUTURE
REF: STATE 21770
Classified By: Ambassador Adam Ereli for reasons 1.4 (b) and (d)
1. (C) Ambassador briefed Bahrain,s Undersecretary of
Foreign Affairs Sheikh Abdulaziz bin Mubarak Al Khalifa
Tuesday, March 4, on UNSCR 1803 (reftel) and discussed next
steps on Future Bank. (Foreign Minister Sheikh Khalid bin
Abdullah al Khalifa was in Cairo attending an Arab League
ministerial.)
2. (C) Ambassador told Sheikh Abdulaziz that Resolution 1803
specifically cites Banks Melli and Saderat and urges member
states to exercise vigilance over their activities. Sheikh
Abdulaziz said that this should provide sufficient basis for
Bahrain to act against Future Bank. The Ambassador stressed
to the Undersecretary that this meant either pulling the
bank,s license or otherwise shutting it down. He added that
if action was not taken within a week, the U.S. would most
likely move to designate.
3. (C) Sheikh Abdulaziz spoke shortly thereafter with the
Foreign Minister in Cairo, who said that he would work to get
"a political decision" to shut down the bank before March 11.
********************************************* ********
Visit Embassy Manama's Classified Website:
http://www.state.sgov.gov/p/nea/manama/
********************************************* ********
ERELI