US embassy cable - 03ABUDHABI3683

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UAEG TO TRANSFER FROZEN ASSETS TO THE DEVELOPMENT FUND FOR IRAQ

Identifier: 03ABUDHABI3683
Wikileaks: View 03ABUDHABI3683 at Wikileaks.org
Origin: Embassy Abu Dhabi
Created: 2003-08-10 13:52:00
Classification: CONFIDENTIAL
Tags: EFIN PREL PGOV TC
Redacted: This cable was not redacted by Wikileaks.
null
Diana T Fritz  03/21/2007 11:35:35 AM  From  DB/Inbox:  Search Results

Cable 
Text:                                                                      
                                                                           
      
CONFIDENTIAL

SIPDIS
TELEGRAM                                          August 10, 2003


To:       No Action Addressee                                    

Action:   Unknown                                                

From:     AMEMBASSY ABU DHABI (ABU DHABI 3683 - UNKNOWN)         

TAGS:     EFIN, PREL, PGOV                                       

Captions: None                                                   

Subject:  UAEG TO TRANSFER FROZEN ASSETS TO THE DEVELOPMENT FUND 
          FOR IRAQ                                               

Ref:      None                                                   
_________________________________________________________________
C O N F I D E N T I A L        ABU DHABI 03683

SIPDIS
CXABU:
    ACTION: ECON 
    INFO:   P/M AMB DCM POL 
Laser1:
    INFO:   FCS 

DISSEMINATION: ECON
CHARGE: PROG

APPROVED: CDA: RALBRIGHT
DRAFTED: ECON: CCRUMPLER
CLEARED: ECON: GRANA

VZCZCADI168
OO RUEHC RUEATRS RUEHZM RUEHDE
DE RUEHAD #3683 2221352
ZNY CCCCC ZZH
O 101352Z AUG 03
FM AMEMBASSY ABU DHABI
TO RUEHC/SECSTATE WASHDC IMMEDIATE 1225
RUEATRS/TREASURY DEPT WASHDC IMMEDIATE
INFO RUEHZM/GCC COLLECTIVE
RUEHDE/AMCONSUL DUBAI 3333
C O N F I D E N T I A L ABU DHABI 003683 
 
SIPDIS 
 
STATE FOR NEA/ARP, NEA/RA, EB/ESC/ESP 
 
TREASURY FOR OGC FOR AUFHAUSER 
TREASURY PASS OFAC FOR NEWCOMB 
 
E.O. 12958: DECL: 08/10/08 
TAGS: EFIN, PREL, PGOV, TC 
SUBJECT:  UAEG TO TRANSFER FROZEN ASSETS TO THE DEVELOPMENT 
FUND FOR IRAQ 
 
REF: ABU DHABI 3476 
 
1.  (U) Classified by Charge D'Affaires Richard A. Albright 
for reasons 1.5 (b) and (d). 
 
2.  (U) This is an action request; please see paragraph 5. 
 
3.  (C) The UAE Central Bank forwarded a copy to Post of a 
July 26 letter responding to Treasury Secretary Snow's 
written request for the UAEG to transfer any frozen assets 
in the UAE belonging to the former Iraqi regime to the 
Development Fund for Iraq (reftel).  The letter states that 
a Central Bank investigation of all UAE bank accounts at 
the end of March found two accounts belonging to Iraqi 
Airways -- the balance of which (AED 305,153.16 or USD 
$83,148) has been frozen since 1990.  The Central Bank 
intends to transfer immediately this amount to the 
Development Fund for Iraq. 
 
4.  (C) The Central Bank letter explains that there are no 
other bank accounts within the UAE banking system that are 
clearly linked to the former Iraqi regime.  The letter 
requests, however, further clarification of the USG 
directive to confiscate and transfer to the Development 
Fund for Iraq accounts related to "individuals and entities 
that may have acted on behalf of the former Iraqi regime 
and its senior officials." 
 
5.  (C) Comment and action request:  As usual, we have 
received exemplary cooperation from the UAE banking 
authorities, and the letter suggests that the Central Bank 
would likely confiscate and transfer additional funds if 
the USG could provide a list of individuals and entities 
and specific and clear evidence of their relationship to 
the former Iraqi regime.  Post would appreciate any 
guidance and specific information that Washington agencies 
can provide to help the UAEG identify such accounts.  End 
comment and action request. 
 
Albright 

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