TERRORISM FINANCE: DESIGNATION OF U.S.-BASED TAMIL

UNCLAS AIT TAIPEI 000258 SIPDIS STATE FOR INS, NEA/IR, EEB/ESC/TFS/LINDA RECHT, NEA/I/JKONDOS, AND S/CT/TDROZDENKO TREASURY FOR TFFC LADAN ARCHIN E.O. 12958: N/A TAGS: EFIN KTFN PTER ETTC PHUM EAID ECON SL TW SUBJECT: TERRORISM FINANCE: DESIGNATION OF U.S.-BASED TAMIL FOUNDATION REF: STATE 14033 ¶1. (U) Per reftel, Taiwan's Financial Supervisory Commission (FSC) issued a formal instruction on March 5, 2009, providing all banking institutions with information on the U.S. Department of the Treasury's designation of the U.S.-based Tamil Foundation under Executive Order 13224 for supporting terrorism. ¶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 March 5, 2009 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 --Taiwan Depository & Clearing Corporation --four securities finance companies --Joint Credit Information Center YOUNG