Identifier
Created
Classification
Origin
09HONGKONG1204
2009-06-30 10:56:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Consulate Hong Kong
Cable title:  

UNSCR 1874: HONG KONG AWAITS BEIJING'S GUIDANCE

Tags:  PARM PREL ECON EFIN MNUC KNNP KN HK MC 
pdf how-to read a cable
VZCZCXYZ0000
RR RUEHWEB

DE RUEHHK #1204 1811056
ZNR UUUUU ZZH
R 301056Z JUN 09
FM AMCONSUL HONG KONG
TO RUEHC/SECSTATE WASHDC 7985
INFO RUEHBJ/AMEMBASSY BEIJING 3295
RUEATRS/DEPT OF TREASURY WASHDC
RUCNDT/USMISSION USUN NEW YORK 0024
UNCLAS HONG KONG 001204 

SENSITIVE
SIPDIS

STATE FOR EAP/CM, ISN/CPI, IO, USUN, T
TREASURY FOR U/S LEVEY

E.O. 12958: N/A
TAGS: PARM PREL ECON EFIN MNUC KNNP KN HK MC
SUBJECT: UNSCR 1874: HONG KONG AWAITS BEIJING'S GUIDANCE

REF: A. SECSTATE 65483

B. SECSTATE 66250

UNCLAS HONG KONG 001204

SENSITIVE
SIPDIS

STATE FOR EAP/CM, ISN/CPI, IO, USUN, T
TREASURY FOR U/S LEVEY

E.O. 12958: N/A
TAGS: PARM PREL ECON EFIN MNUC KNNP KN HK MC
SUBJECT: UNSCR 1874: HONG KONG AWAITS BEIJING'S GUIDANCE

REF: A. SECSTATE 65483

B. SECSTATE 66250


1. (SBU) On June 30, EconOffs conveyed reftel A and B points
to Wendy Chung, Principal Assistant Secretary, and Anna Chor,
Assistant Secretary, at the Hong Kong Government's (HKG)
Commerce and Economic Development Bureau (CEDB). Chung
confirmed that CEDB will take the lead in drafting the HKG's
implementation guidelines for UNSCR 1874, but awaits guidance
from China's Ministry of Foreign Affairs (MFA). Chung
summarized Hong Kong's UNSCR implementation process,
indicating that after China's MFA provides its guidance, CEDB
will draft implementation guidelines, obtain interagency
concurrence, then forward the proposal to Hong Kong's
Executive Council (ExCo) for final approval. Approved
guidelines are then gazetted for legal implementation. Chung
added that the Hong Kong Customs and Excise Department
(HKCED) and the Hong Kong Monetary Authority (HKMA) would be
the primary enforcement agencies for the provisions contained
in UNSCR 1874.


2. (SBU) EconOffs met same day with HKMA's Nelson Man,
Executive Director for Banking Supervision Department, and
Raymond Chan, Head of Banking Policy, to convey reftel B
points and deliver the June 18 U.S. Treasury Department
Advisory on DPRK's illicit financial activities. Man
emphasized that the banks operating in Hong Kong consider any
North Korean entity as "high risk," generally avoid
transactions with North Korean entities, and exercise added
due diligence when dealing with North Korea, in keeping with
existing legal obligations (i.e., UNSCR 1718, etc.) He
welcomed the Treasury Advisory, as the list of North Korean
banks contained therein would be useful to increase banks
awareness.


3. (SBU) EconOffs also provided reftel A and B
points/non-papers to Macau's Monetary Authority President
Anselmo Teng and Macau's Financial Intelligence Unit Head
Deborah Ng on June 30.

DONOVAN