US embassy cable - 03KUWAIT5415

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(C) NO DECISION YET ON IRAQI ASSETS IN BAHAMAS BANK

Identifier: 03KUWAIT5415
Wikileaks: View 03KUWAIT5415 at Wikileaks.org
Origin: Embassy Kuwait
Created: 2003-12-01 10:27:00
Classification: CONFIDENTIAL
Tags: EFIN ECON ETTC PREL KU IZ
Redacted: This cable was not redacted by Wikileaks.
This record is a partial extract of the original cable. The full text of the original cable is not available.


 
C O N F I D E N T I A L KUWAIT 005415 
 
SIPDIS 
 
STATE FOR EB/ESC/TFS GGLASS AND NROTHSTEIN 
STATE FOR S/CT SFOX, IO/PHO APEREZ 
 
E.O. 12958: DECL: 12/01/2013 
TAGS: EFIN, ECON, ETTC, PREL, KU, IZ 
SUBJECT: (C) NO DECISION YET ON IRAQI ASSETS IN BAHAMAS BANK 
 
REF: A. KUWAIT 5207 
     B. SECSTATE 311703 
 
Classified By: Charge d'Affaires Frank C. Urbancic, Reasons 
1.4(b) and (e) 
 
1. (C)  The acting head of the Central Bank of Kuwait's 
Anti-Money Laundering Unit, Talal Alsayegh, told us November 
22 and December 1 that its investigation of the $85 million 
in Iraqi assets frozen in the Bahamas is not yet complete. 
Alsayegh said that the joint Ministry of Foreign 
Affairs/Central Bank investigatory team was still gathering 
information from some of the Kuwaiti banks involved. 
Although Alsayegh expects that the investigation will be 
completed soon, he did not give a specific deadline.  He also 
noted that he has been in direct contact with OFAC on this 
matter.  Post will continue to press the GOK for a timely 
decision. 
URBANCIC 

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