US embassy cable - 03KUWAIT5537

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(C) IRAQI ASSETS: KUWAIT WILL TRANSFER FROZEN ASSETS IN BAHAMAS AND KUWAIT

Identifier: 03KUWAIT5537
Wikileaks: View 03KUWAIT5537 at Wikileaks.org
Origin: Embassy Kuwait
Created: 2003-12-08 13:42:00
Classification: CONFIDENTIAL
Tags: EFIN ETTC ECON 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 005537 
 
SIPDIS 
 
STATE FOR EB/ESC/TFS GGLASS AND NROTHSTEIN 
STATE FOR S/CT SFOX, IO/PHO APEREZ, TREASURY FOR OFAC 
RNEWCOMB 
 
E.O. 12958: DECL: 12/08/2013 
TAGS: EFIN, ETTC, ECON, PREL, KU, IZ 
SUBJECT: (C) IRAQI ASSETS: KUWAIT WILL TRANSFER FROZEN 
ASSETS IN BAHAMAS AND KUWAIT 
 
REF: A. KUWAIT 5415 
     B. KUWAIT 5207 
     C. SECSTATE 311703 
 
Classified By: Charge d'Affaires Frank C. Urbancic, Reason 1.4 (b) 
 
On December 8, Acting Head of the Central Bank of Kuwait's 
Anti-Money Laundering Unit Talal Alsayegh informed EconOff 
that the Government of Kuwait has decided to transfer the $85 
million in Iraq assets frozen in the Bahamas to the DFI (via 
the Kuwaiti mission at the UN).   Alsayegh said that the 
joint Central Bank/MFA investigatory team has also determined 
that additional Iraqi funds currently held in Kuwaiti banks 
must be transferred, although he did not specify the exact 
amounts.  Post will inform the Department of the specifics as 
soon as they are available. 
 
 
URBANCIC 

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