CZECH REPUBLIC: REPLY TO DEMARCHES ON

UNCLAS PRAGUE 000382 SENSITIVE SIPDIS ISN/CPI FOR JCHALMERS, EUR/CE FOR ATRATENSEK, ISN, T, EAP E.O. 12958: N/A TAGS: ECON EFIN EZ KNNP PARM PREL SUBJECT: CZECH REPUBLIC: REPLY TO DEMARCHES ON IMPLEMENTATION OF UNSCR 1874 FINANCIAL PROVISIONS REF: A. STATE 66250 ¶B. STATE 65483 ¶1. (SBU) We delivered reftel demarches on June 29 to Finance Ministry Financial Analytical Unit official Jaromir Neuzil and Foreign Ministy United Nations Department officials David Masek and Ladislav Steinhubel. Officials in both ministries said that the Czech Republic will instruct its financial institutions to implement the financial provisions of UNSCR ¶1874. They anticipate receiving European Commission guidelines covering financial provisions. Both ministries stressed that implementation of financial sanctions will be handled by the Finance Ministry, not the Foreign Ministry, in the future. Neuzil noted that this division of responsibilities is very unusual in Europe, and that the transition will require a period of adjustment. Thompson-Jones