US embassy cable - 05ABUDHABI4904

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CENTRAL BANK GOVERNOR ON INTERNATIONAL COOPERATION

Identifier: 05ABUDHABI4904
Wikileaks: View 05ABUDHABI4904 at Wikileaks.org
Origin: Embassy Abu Dhabi
Created: 2005-11-30 14:47:00
Classification: UNCLASSIFIED//FOR OFFICIAL USE ONLY
Tags: KTFN PTER EFIN TC
Redacted: This cable was not redacted by Wikileaks.
null
Diana T Fritz  08/27/2006 05:11:09 PM  From  DB/Inbox:  Search Results

Cable 
Text:                                                                      
                                                                           
      
UNCLAS        ABU DHABI 04904

SIPDIS
CXABU:
    ACTION: ECON
    INFO:   LEGAT AMB DCM POL TREAS P/M

DISSEMINATION: ECON
CHARGE: PROG

APPROVED: DCM:MQUINN
DRAFTED: ECON:BDEMONTLUZIN
CLEARED: ECON: OJOHN

VZCZCADI989
PP RUEHC RUEHZM RUEHDE RHEHNSC RUEATRS
DE RUEHAD #4904 3341447
ZNR UUUUU ZZH
P 301447Z NOV 05
FM AMEMBASSY ABU DHABI
TO RUEHC/SECSTATE WASHDC PRIORITY 2609
INFO RUEHZM/GULF COOPERATION COUNCIL COLLECTIVE
RUEHDE/AMCONSUL DUBAI 5607
RHEHNSC/NSC WASHDC
RUEATRS/DEPT OF TREASURY WASHINGTON DC
UNCLAS ABU DHABI 004904 
 
SIPDIS 
 
SENSITIVE 
 
E.O. 12958: N/A 
TAGS: KTFN, PTER, EFIN, TC 
SUBJECT: CENTRAL BANK GOVERNOR ON INTERNATIONAL COOPERATION 
 
1. (U) In an interview published November 30 in the English 
language "Khaleej Times," Central Bank Governor Sultan Nasser 
Al Suwaidi discussed the UAE Central Bank's cooperation with 
foreign law enforcement agencies and financial intelligence 
units in other countries.  Al-Suwaidi said that, to date, the 
Anti-Money Laundering and Suspicious Cases Unit has received 
524 inquiries from abroad and sent about 95 requests for 
information to counterparts overseas. 
 
2. (U) Al-Suwaidi further noted that the UAE was in the 
process of amending its laws and regulations to bring them 
"on a par" with global standards.  Al-Suwaidi stressed that 
the UAE already had laws that were in accordance with the 
FATF 40 recommendations on money laundering and the special 
nine recommendations on terrorist financing.  Al-Suwaidi 
said, &The bank welcomed international cooperation in 
identifying and isolating the sources of terror.8  He 
continued that the bank also supports the exchange of 
information between countries and the development of 
effective measures to trace the source of money laundering 
and confront terror financing.  The Governor added that &the 
UAE strategy is to educate people on combating terror 
financing and money laundering and how to uncover such 
crimes.8 
 
3. (SBU) Comment:  Although the governor did not give the 
time frame, in which the AMLSCU had received these 
information requests, in October 2003 the head of the AMLSCU 
publicly stated that the UAE had received 164 requests for 
assistance from foreign FIUs and referred 58 cases abroad. 
In the last two years, it appears that the UAE has received 
an additional 360 requests for information from foreign FIUs 
and sent 37.  End Comment. 
SISON 

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