Identifier
Created
Classification
Origin
08RIGA742
2008-12-01 14:29:00
CONFIDENTIAL
Embassy Riga
Cable title:
LATVIA-IRAN BANKING - VERY LITTLE CONTACT
how-toVZCZCXRO3054 RR RUEHFL RUEHKW RUEHLA RUEHNP RUEHROV RUEHSR DE RUEHRA #0742 3361429 ZNY CCCCC ZZH R 011429Z DEC 08 FM AMEMBASSY RIGA TO RUEHC/SECSTATE WASHDC 5428 INFO RUEHZL/EUROPEAN POLITICAL COLLECTIVE RUEATRS/DEPT OF TREASURY WASHDC
C O N F I D E N T I A L RIGA 000742
SIPDIS
STATE FOR ISN, T, NEA, IRN, EEB, S/CT, INL
E.O. 12958: DECL: 11/30/2018
TAGS: PARM PREL EFIN KNNP LG
SUBJECT: LATVIA-IRAN BANKING - VERY LITTLE CONTACT
REF: A. STATE 115523 B. STATE 121356
Classified By: Ambassador Charles W. Larson Jr. for reason 1.4(b)
(C) Poleconoff delivered reftel demarches to Judite Dobele,
the MFA's Head of the Middle East and Africa Division,
Viesturs Burkans, the Latvian Financial Intelligence Unit
Head, and Juris Bogdanovs, the Financial and Capital Market
Commission's Compliance Specialist. Burkans stated and
Bogdanovs confirmed that Latvia has no correspondent banking
relationships with Iran. Bogdanovs stated that, according to
their information, many banks have made the decision not to
process transactions involving Iran or Iranians. Those who
do are required to treat them as high-risk transactions that
require enhanced due diligence and approval of the board or a
board member for each transaction. There are no Iranian
subsidiaries in Latvia, and there have been no inquires to
open them.
LARSON
SIPDIS
STATE FOR ISN, T, NEA, IRN, EEB, S/CT, INL
E.O. 12958: DECL: 11/30/2018
TAGS: PARM PREL EFIN KNNP LG
SUBJECT: LATVIA-IRAN BANKING - VERY LITTLE CONTACT
REF: A. STATE 115523 B. STATE 121356
Classified By: Ambassador Charles W. Larson Jr. for reason 1.4(b)
(C) Poleconoff delivered reftel demarches to Judite Dobele,
the MFA's Head of the Middle East and Africa Division,
Viesturs Burkans, the Latvian Financial Intelligence Unit
Head, and Juris Bogdanovs, the Financial and Capital Market
Commission's Compliance Specialist. Burkans stated and
Bogdanovs confirmed that Latvia has no correspondent banking
relationships with Iran. Bogdanovs stated that, according to
their information, many banks have made the decision not to
process transactions involving Iran or Iranians. Those who
do are required to treat them as high-risk transactions that
require enhanced due diligence and approval of the board or a
board member for each transaction. There are no Iranian
subsidiaries in Latvia, and there have been no inquires to
open them.
LARSON