Identifier
Created
Classification
Origin
09KUALALUMPUR1006
2009-12-17 09:01:00
CONFIDENTIAL
Embassy Kuala Lumpur
Cable title:
MALAYSIA: BANK NEGARA REPORTING ACTIONS AGAINST
how-toVZCZCXRO8781 PP RUEHBC RUEHCHI RUEHDE RUEHDIR RUEHDT RUEHHM RUEHKUK RUEHNH RUEHTRO DE RUEHKL #1006 3510901 ZNY CCCCC ZZH P 170901Z DEC 09 FM AMEMBASSY KUALA LUMPUR TO RUEHC/SECSTATE WASHDC PRIORITY 3607 INFO RUCNASE/ASEAN MEMBER COLLECTIVE PRIORITY RUCNIRA/IRAN COLLECTIVE PRIORITY RUEATRS/DEPT OF TREASURY WASHINGTON DC PRIORITY RHEHNSC/NSC WASHDC PRIORITY RHHMUNA/HQ USPACOM HONOLULU HI PRIORITY
C O N F I D E N T I A L KUALA LUMPUR 001006
SIPDIS
STATE FOR ISN
STATE FOR EEB/ESC
STATE FOR NEA
STATE FOR EAP
STATE FOR T
TREASURY FOR TDORSETT
TREASURY FOR JFOWLER
E.O. 12958: DECL: 12/17/2019
TAGS: KNNP EFIN ETRD ETTC PINR PTER
SUBJECT: MALAYSIA: BANK NEGARA REPORTING ACTIONS AGAINST
NORTH KOREAN ND IRANIAN PROLIFERATION ACCOUNTS
REF: KUALA LUMP 991
Classified By: Acting DCM Matt Matthews for reasons 1.4 (b) and (d)
C O N F I D E N T I A L KUALA LUMPUR 001006
SIPDIS
STATE FOR ISN
STATE FOR EEB/ESC
STATE FOR NEA
STATE FOR EAP
STATE FOR T
TREASURY FOR TDORSETT
TREASURY FOR JFOWLER
E.O. 12958: DECL: 12/17/2019
TAGS: KNNP EFIN ETRD ETTC PINR PTER
SUBJECT: MALAYSIA: BANK NEGARA REPORTING ACTIONS AGAINST
NORTH KOREAN ND IRANIAN PROLIFERATION ACCOUNTS
REF: KUALA LUMP 991
Classified By: Acting DCM Matt Matthews for reasons 1.4 (b) and (d)
1. (C) In a December 16 phone call, Bank Negara (BN)
Financial Intelligence Unit (FIU) Manager Abdul Rahman Abu
Bakar (Rahman) told econoff that FIU is preparing reports on
Malaysian bank actions to curtail activity or close North
Korean and Iranian nationals, accounts. The FIU plans to
provide its U.S. Treasury Department counterparts at FinCen
with a summary of actions taken against North Koreans'
accounts and will submit the report to FinCen before the end
of the year. Rahman said that a significant number of
Malaysian banks had taken action to close North Korean
accounts. He gave an example that RHB Bank had reviewed all
of their accounts with North Korean nationals and closed half
of them (about 30 accounts). Other banks, including
Malaysia,s two largest banks Maybank and CIMB Bank, have
also responded to the FIU circular and closed or curtailed
North Korean accounts.
2. (C) Rahman also discussed Iran related accounts stating
that CIMB and Maybank have submitted all related account
information to the FIU on the Iranian companies identified by
Treasury in November. The FIU is preparing a report on
accounts related to the Iranian companies for FinCen to be
ready by mid January. CIMB and Maybank have already
curtailed activity in all of the identified accounts and are
moving to close them (ref A). The report will be a more
detailed summary than the North Korean report, but will not
include specific account transactions. FinCen will need to
request release of the individual account statements after
receipt of the FIU report to get transaction-level detail.
KEITH
SIPDIS
STATE FOR ISN
STATE FOR EEB/ESC
STATE FOR NEA
STATE FOR EAP
STATE FOR T
TREASURY FOR TDORSETT
TREASURY FOR JFOWLER
E.O. 12958: DECL: 12/17/2019
TAGS: KNNP EFIN ETRD ETTC PINR PTER
SUBJECT: MALAYSIA: BANK NEGARA REPORTING ACTIONS AGAINST
NORTH KOREAN ND IRANIAN PROLIFERATION ACCOUNTS
REF: KUALA LUMP 991
Classified By: Acting DCM Matt Matthews for reasons 1.4 (b) and (d)
1. (C) In a December 16 phone call, Bank Negara (BN)
Financial Intelligence Unit (FIU) Manager Abdul Rahman Abu
Bakar (Rahman) told econoff that FIU is preparing reports on
Malaysian bank actions to curtail activity or close North
Korean and Iranian nationals, accounts. The FIU plans to
provide its U.S. Treasury Department counterparts at FinCen
with a summary of actions taken against North Koreans'
accounts and will submit the report to FinCen before the end
of the year. Rahman said that a significant number of
Malaysian banks had taken action to close North Korean
accounts. He gave an example that RHB Bank had reviewed all
of their accounts with North Korean nationals and closed half
of them (about 30 accounts). Other banks, including
Malaysia,s two largest banks Maybank and CIMB Bank, have
also responded to the FIU circular and closed or curtailed
North Korean accounts.
2. (C) Rahman also discussed Iran related accounts stating
that CIMB and Maybank have submitted all related account
information to the FIU on the Iranian companies identified by
Treasury in November. The FIU is preparing a report on
accounts related to the Iranian companies for FinCen to be
ready by mid January. CIMB and Maybank have already
curtailed activity in all of the identified accounts and are
moving to close them (ref A). The report will be a more
detailed summary than the North Korean report, but will not
include specific account transactions. FinCen will need to
request release of the individual account statements after
receipt of the FIU report to get transaction-level detail.
KEITH