Identifier
Created
Classification
Origin
08MUSCAT289
2008-04-16 13:12:00
CONFIDENTIAL
Embassy Muscat
Cable title:
OMAN REMAINS VIGILANT ON IRANIAN BANKING ACTIVITIES
how-toVZCZCXRO9659 PP RUEHBC RUEHDE RUEHDIR RUEHKUK DE RUEHMS #0289 1071312 ZNY CCCCC ZZH P 161312Z APR 08 FM AMEMBASSY MUSCAT TO RUEHC/SECSTATE WASHDC PRIORITY 9493 INFO RUCNIRA/IRAN COLLECTIVE RUEATRS/DEPT OF TREASURY WASHDC
C O N F I D E N T I A L MUSCAT 000289
SIPDIS
SIPDIS
STATE FOR NEA/ARP, EEB/TFS
TREASURY FOR OTA VALVO
E.O. 12958: DECL: 04/15/2018
TAGS: EFIN ECON PTER IR MU
SUBJECT: OMAN REMAINS VIGILANT ON IRANIAN BANKING ACTIVITIES
REF: A. STATE 29096
B. MUSCAT 266
Classified By: Ambassador Gary A. Grappo for Reasons 1.4 (b and d)
C O N F I D E N T I A L MUSCAT 000289
SIPDIS
SIPDIS
STATE FOR NEA/ARP, EEB/TFS
TREASURY FOR OTA VALVO
E.O. 12958: DECL: 04/15/2018
TAGS: EFIN ECON PTER IR MU
SUBJECT: OMAN REMAINS VIGILANT ON IRANIAN BANKING ACTIVITIES
REF: A. STATE 29096
B. MUSCAT 266
Classified By: Ambassador Gary A. Grappo for Reasons 1.4 (b and d)
1. (C) On April 15, the Ambassador met with Central Bank of
Oman (CBO) Executive President Hamoud Sangour al-Zadjali to
urge vigilance on the increasingly deceptive practices used
by Iranian financial institutions to circumvent UN Security
Council Resolutions (UNSCRs) and Financial Action Task Force
(FATF) recommendations. Zadjali assured the Ambassador that
the CBO was in full compliance with all UNSCRs and takes
appropriate steps to notify the financial community about
them.
2. (C) Referring to the presence of Bank Melli and Bank
Saderat in Oman, Zadjali stated that their operations were
"very small and conservative," and that these banks
understood and complied with CBO regulations on money
laundering and terror financing. (Note: See ref B for
reporting on modest assets and profits of Bank Melli's branch
in Muscat. End Note.) The Executive President added, "We
watch their activities closely to prevent them from abusing
our markets, and they know they have to report suspicious
transactions to us." Zadjali further welcomed the sharing of
any future information the USG might obtain on suspicious
Iranian transactions in Oman, noting that, "We will be very
prompt in addressing them."
GRAPPO
SIPDIS
SIPDIS
STATE FOR NEA/ARP, EEB/TFS
TREASURY FOR OTA VALVO
E.O. 12958: DECL: 04/15/2018
TAGS: EFIN ECON PTER IR MU
SUBJECT: OMAN REMAINS VIGILANT ON IRANIAN BANKING ACTIVITIES
REF: A. STATE 29096
B. MUSCAT 266
Classified By: Ambassador Gary A. Grappo for Reasons 1.4 (b and d)
1. (C) On April 15, the Ambassador met with Central Bank of
Oman (CBO) Executive President Hamoud Sangour al-Zadjali to
urge vigilance on the increasingly deceptive practices used
by Iranian financial institutions to circumvent UN Security
Council Resolutions (UNSCRs) and Financial Action Task Force
(FATF) recommendations. Zadjali assured the Ambassador that
the CBO was in full compliance with all UNSCRs and takes
appropriate steps to notify the financial community about
them.
2. (C) Referring to the presence of Bank Melli and Bank
Saderat in Oman, Zadjali stated that their operations were
"very small and conservative," and that these banks
understood and complied with CBO regulations on money
laundering and terror financing. (Note: See ref B for
reporting on modest assets and profits of Bank Melli's branch
in Muscat. End Note.) The Executive President added, "We
watch their activities closely to prevent them from abusing
our markets, and they know they have to report suspicious
transactions to us." Zadjali further welcomed the sharing of
any future information the USG might obtain on suspicious
Iranian transactions in Oman, noting that, "We will be very
prompt in addressing them."
GRAPPO