Identifier
Created
Classification
Origin
09SINGAPORE476
2009-05-20 07:52:00
SECRET//NOFORN
Embassy Singapore
Cable title:
UNSC 1718 COMMITTEE DESIGNATION OF DPRK ENTITIES
how-toVZCZCXYZ0005 RR RUEHWEB DE RUEHGP #0476 1400752 ZNY SSSSS ZZH R 200752Z MAY 09 FM AMEMBASSY SINGAPORE TO RUEHC/SECSTATE WASHDC 6727 INFO RUEHRL/AMEMBASSY BERLIN 0151 RUEHKL/AMEMBASSY KUALA LUMPUR 4951 RUEHMO/AMEMBASSY MOSCOW 0380 RUEATRS/DEPT OF TREASURY WASHINGTON DC
S E C R E T SINGAPORE 000476
NOFORN
SIPDIS
EAP/MTS - MCOPPOLA
E.O. 12958: DECL: 05/20/2019
TAGS: EFIN ETTC KNNP PREL PARM SN
SUBJECT: UNSC 1718 COMMITTEE DESIGNATION OF DPRK ENTITIES
SUBJECT TO ASSET FREEZE: SINGAPORE RESPONSE
REF: A. STATE 48525
B. 06 SINGAPORE 3149
C. 06 STATE 136465
Classified By: Acting Econ/Pol Chief Peter Thorin for reasons 1.4 (b) a
nd (d)
S E C R E T SINGAPORE 000476
NOFORN
SIPDIS
EAP/MTS - MCOPPOLA
E.O. 12958: DECL: 05/20/2019
TAGS: EFIN ETTC KNNP PREL PARM SN
SUBJECT: UNSC 1718 COMMITTEE DESIGNATION OF DPRK ENTITIES
SUBJECT TO ASSET FREEZE: SINGAPORE RESPONSE
REF: A. STATE 48525
B. 06 SINGAPORE 3149
C. 06 STATE 136465
Classified By: Acting Econ/Pol Chief Peter Thorin for reasons 1.4 (b) a
nd (d)
1. (S) Singapore welcomed the April 24 designation by the
UNSCR 1718 Sanctions Committee of the three Democratic
People's Republic of Korea (DPRK) entities, Sharon SEAH
Li-Lian, MFA Assistant Director for the Counter-proliferation
and International Security Branch, told Econoff May 18. The
designation and the information it made available regarding
Korea Mining Development Trading Corporation (KOMID),Korea
Ryonbong General Corporation, and Tanchon Commercial Bank,
has given the GOS the legal authority to take action (i.e.,
freeze assets) against businesses found to be financing or
making economic resources available to the designated
entities. Seah noted that absent such a designation it would
have been difficult to identify entities of concern and
legally freeze their assets. She was not aware of any action
Singapore had taken independently to monitor or prevent
activities by KOMID or Korea Ryonbong General Trading. Seah
said she would share the information in the Ref A non-paper
with the Monetary Authority of Singapore (MAS).
2. (S) Seah said she would also look into what kind of
actions were previously taken against Tanchon Commercial
bank. Econoff informed her of previous discussions between
MFA and Emboffs (ref B),and the meeting Treasury
Undersecretary for Terrorism and Financial Intelligence,
Stuart Levey, had with GOS and United Overseas Bank (UOB)
officials in 2006 (ref C). Seah could not say whether
Tanchon's UOB account had been closed, but she said she would
speak to MAS regarding the April 2009 Bankers Almanac
information and provide us with any updates she could learn
about Tanchon's financial accounts in Singapore. Post will
continue to follow up with MFA and will report any additional
information MFA provides.
Visit Embassy Singapore's Classified website:
http://www.state.sgov.gov/p/eap/singapore/ind ex.cfm
SHIELDS
NOFORN
SIPDIS
EAP/MTS - MCOPPOLA
E.O. 12958: DECL: 05/20/2019
TAGS: EFIN ETTC KNNP PREL PARM SN
SUBJECT: UNSC 1718 COMMITTEE DESIGNATION OF DPRK ENTITIES
SUBJECT TO ASSET FREEZE: SINGAPORE RESPONSE
REF: A. STATE 48525
B. 06 SINGAPORE 3149
C. 06 STATE 136465
Classified By: Acting Econ/Pol Chief Peter Thorin for reasons 1.4 (b) a
nd (d)
1. (S) Singapore welcomed the April 24 designation by the
UNSCR 1718 Sanctions Committee of the three Democratic
People's Republic of Korea (DPRK) entities, Sharon SEAH
Li-Lian, MFA Assistant Director for the Counter-proliferation
and International Security Branch, told Econoff May 18. The
designation and the information it made available regarding
Korea Mining Development Trading Corporation (KOMID),Korea
Ryonbong General Corporation, and Tanchon Commercial Bank,
has given the GOS the legal authority to take action (i.e.,
freeze assets) against businesses found to be financing or
making economic resources available to the designated
entities. Seah noted that absent such a designation it would
have been difficult to identify entities of concern and
legally freeze their assets. She was not aware of any action
Singapore had taken independently to monitor or prevent
activities by KOMID or Korea Ryonbong General Trading. Seah
said she would share the information in the Ref A non-paper
with the Monetary Authority of Singapore (MAS).
2. (S) Seah said she would also look into what kind of
actions were previously taken against Tanchon Commercial
bank. Econoff informed her of previous discussions between
MFA and Emboffs (ref B),and the meeting Treasury
Undersecretary for Terrorism and Financial Intelligence,
Stuart Levey, had with GOS and United Overseas Bank (UOB)
officials in 2006 (ref C). Seah could not say whether
Tanchon's UOB account had been closed, but she said she would
speak to MAS regarding the April 2009 Bankers Almanac
information and provide us with any updates she could learn
about Tanchon's financial accounts in Singapore. Post will
continue to follow up with MFA and will report any additional
information MFA provides.
Visit Embassy Singapore's Classified website:
http://www.state.sgov.gov/p/eap/singapore/ind ex.cfm
SHIELDS