US embassy cable - 04MADRID1816

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TERRORIST FINANCING: SPAIN'S ABILITY TO FREEZE ASSETS

Identifier: 04MADRID1816
Wikileaks: View 04MADRID1816 at Wikileaks.org
Origin: Embassy Madrid
Created: 2004-05-19 15:19:00
Classification: UNCLASSIFIED
Tags: PTER EFIN ECON PREL ETTC SP Counterterrorism
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.


 
UNCLAS MADRID 001816 
 
SIPDIS 
 
E.O. 12958: N/A 
TAGS: PTER, EFIN, ECON, PREL, ETTC, SP, Counterterrorism 
SUBJECT: TERRORIST FINANCING: SPAIN'S ABILITY TO FREEZE 
ASSETS 
 
REF: STATE 108957 
 
The GOS has independent administrative authority to freeze 
assets linked to terrorism under Law 12/2003 on the 
Prevention and Blocking of the Financing of Terrorism passed 
in May 2003.  However, the regulations to implement this law 
have not been published, and no assets have been frozen under 
this law as government officials are reluctant to use the 
powers absent a regulatory framework.  We have been pressing 
Spanish officials about the regulations which we understand 
will be presented to the new government this spring. 
ARGYROS 

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