Identifier
Created
Classification
Origin
09LONDON1310
2009-06-02 17:10:00
SECRET//NOFORN
Embassy London
how-toVZCZCXRO8625 PP RUEHBC RUEHDE RUEHDIR RUEHKUK RUEHTRO DE RUEHLO #1310 1531710 ZNY SSSSS ZZH P 021710Z JUN 09 FM AMEMBASSY LONDON TO RUEHC/SECSTATE WASHDC PRIORITY 2500 INFO RUCNIRA/IRAN COLLECTIVE PRIORITY RUEHRL/AMEMBASSY BERLIN PRIORITY 2771 RUEHVT/AMEMBASSY VALLETTA PRIORITY 0158 RUEATRS/DEPT OF TREASURY WASHDC PRIORITY
S E C R E T LONDON 001310
NOFORN
SIPDIS
E.O. 12958: DECL: 06/02/2019
TAGS: EFIN, KNNP, ETTC, PREL, PARM, IR, UK
SUBJECT: UK ON IRISL
REF: SECSTATE 52348
Classified By: Mark C. Johnson, A/Econ Counselor for reasons 1.4 B & D
S E C R E T LONDON 001310
NOFORN
SIPDIS
E.O. 12958: DECL: 06/02/2019
TAGS: EFIN, KNNP, ETTC, PREL, PARM, IR, UK
SUBJECT: UK ON IRISL
REF: SECSTATE 52348
Classified By: Mark C. Johnson, A/Econ Counselor for reasons 1.4 B & D
1. (S/NF) We passed reftel demarche to the UK's Treasury
(HMT) and Foreign Office (FCO) and pressed the UK to
investigate Belmont Shipping and Sea Challenger Chartering
Company. HMT promised to do so, coordinating with FCO and UK
Revenue and Customs, and appreciated the information as they
are currently exploring the specifics of sanctioning IRISL
using their Counter Terrorism Act (CT Act) powers. HMG is
following up on its CT Act powers, looking to prohibit UK
companies, including Iranian-owned subsidiaries, from doing
business with IRISL and Bank Mellat Tehran. This is aimed at
the P&I clubs and to stop Mellat London from transacting with
its parent in Iran. The CT Act allows them to prohibit UK
companies and sectors from doing business with specially
designated entities or sectors if seen as a threat to the UK
or if declared a problem under the guise of multilateral
organizations such as the Financial Assets Task Force (FATF).
2. (S/NF) HMT told us technical and legal interpretations
remain to be worked out as the UK wants to get this
absolutely correct. In mid-May we were told HMG would
announce in early June that UK companies could engage in "no
business with IRISL and Melli Tehran", giving UK companies
30-60 days to wind down existing business, cancel contracts,
etc. HMT has backed off that timetable, and does not have a
prediction of when these issues will be cleared up.
3. (S) HMT Asset Freezing officials will soon request via
Embassy London additional information on IRISL and its
related companies and partners.
Visit London's Classified Website:
http://www.intelink.sgov.gov/wiki/Portal:Unit ed_Kingdom
LeBaron
NOFORN
SIPDIS
E.O. 12958: DECL: 06/02/2019
TAGS: EFIN, KNNP, ETTC, PREL, PARM, IR, UK
SUBJECT: UK ON IRISL
REF: SECSTATE 52348
Classified By: Mark C. Johnson, A/Econ Counselor for reasons 1.4 B & D
1. (S/NF) We passed reftel demarche to the UK's Treasury
(HMT) and Foreign Office (FCO) and pressed the UK to
investigate Belmont Shipping and Sea Challenger Chartering
Company. HMT promised to do so, coordinating with FCO and UK
Revenue and Customs, and appreciated the information as they
are currently exploring the specifics of sanctioning IRISL
using their Counter Terrorism Act (CT Act) powers. HMG is
following up on its CT Act powers, looking to prohibit UK
companies, including Iranian-owned subsidiaries, from doing
business with IRISL and Bank Mellat Tehran. This is aimed at
the P&I clubs and to stop Mellat London from transacting with
its parent in Iran. The CT Act allows them to prohibit UK
companies and sectors from doing business with specially
designated entities or sectors if seen as a threat to the UK
or if declared a problem under the guise of multilateral
organizations such as the Financial Assets Task Force (FATF).
2. (S/NF) HMT told us technical and legal interpretations
remain to be worked out as the UK wants to get this
absolutely correct. In mid-May we were told HMG would
announce in early June that UK companies could engage in "no
business with IRISL and Melli Tehran", giving UK companies
30-60 days to wind down existing business, cancel contracts,
etc. HMT has backed off that timetable, and does not have a
prediction of when these issues will be cleared up.
3. (S) HMT Asset Freezing officials will soon request via
Embassy London additional information on IRISL and its
related companies and partners.
Visit London's Classified Website:
http://www.intelink.sgov.gov/wiki/Portal:Unit ed_Kingdom
LeBaron