Search

 

Cablegate: Iraqi Assets: Dutch Position On Freezing And

This record is a partial extract of the original cable. The full text of the original cable is not available.

UNCLAS THE HAGUE 001900

SIPDIS

SENSITIVE

E.O. 12958 N/A
TAGS: ETTC IZ NL UNSC
SUBJECT: IRAQI ASSETS: DUTCH POSITION ON FREEZING AND
CONFISCATION

REF: a) State 186972 B) State 211439

(U) MinFin officials told us that Finance Minister Zalm sent
the following letter to Secretary Snow in response to
communication in ref A.

Begin Text of Letter

(U) In reply to your letter of 27 June, I would like to
assure you that the Netherlands fully supports the
provisions laid down in United Nations Security Council
Resolution 1483 and is taking steps to implement them in our
legal and financial system.

(U) An EU-regulation recently came into force stipulating
that all funds and economic resources of the previous
government of Iraq and of any public bodies, corporations,
including companies established under private law in which
the public authorities have a majority stake, should be
frozen. Also all funds and economic resources belonging to,
or owned by or held by former president Saddam Hussein,
senior officials of his regime, immediate members of their
families or any legal persons or entities owned or
controlled by these persons should be frozen.
This EU-regulation has now the force of law in the
Netherlands. All financial institutions in the Netherlands
will be informed by the financial supervisors of the new
regulations.

(SBU) Funds and economic resources that are frozen pursuant
to the EU-regulation mentioned above shall only be unfrozen
for the purpose of their transfer to the Development Fund of
Iraq, under the conditions set out in UNSCR 1483 (2003).
Before funds and other economic resources can be transferred
they will have to be confiscated. At this moment, according
to Dutch law, confiscation of (any) funds is only possible
after a criminal conviction. In order to be able to
confiscate and transfer funds to the Development Fund of
Iraq, new legislation will be drafted which will enable us
to confiscate funds and resources without a conviction of
the owners of the funds.

END TEXT OF LETTER

Russel

© Scoop Media

 
 
 
World Headlines

 


UN News: Rare Coral Reef Discovered Near Tahiti Is ‘Like A Work Of Art’, Says Diver
One of the largest coral reefs in the world has been discovered by a UN-supported scientific mission off the coast of Tahiti. Announcing the stunning find on Thursday, UNESCO said that divers had explored large rose-shaped corals spanning some three kilometres, at depths of between 30 and 65 metres... More>>


Tonga Eruption: At Least 3 Dead, Amid Severe Destruction
At least three people have died in Tonga following the massive volcanic eruption and subsequent tsunami wave that hit over the weekend. Homes and other buildings across the archipelago have suffered major damage... More>>

Save The Children: Tonga Volcano Ash And Smoke Cause Concern For Air And Water Safety
Families in Tonga are at risk of exposure to unsafe air and water due to ash and smoke from the Hunga Tonga-Hunga Ha’apai volcano that erupted on Saturday, reports Save the Children...
More>>



Ethiopia: UN Chief Lauds ‘Demonstrable Effort To Make Peace’

The UN Secretary-General on Wednesday said he was “delighted” to learn that “a demonstrable effort to make peace” in Ethiopia is finally underway, according to information relayed to him by the African Union High Representative for the Horn of Africa... More>>


Tigray: Agencies Suspend Aid As ‘Scores’ Are Killed Due To Airstrikes
Recent airstrikes on camps for internally displaced persons and refugees in Tigray, northern Ethiopia, have reportedly killed scores of civilians, including children, and left many more injured... More>>


UN News: For 25th Year In A Row, Greenland Ice Sheet Shrinks

2021 marked the 25th year in a row in which the key Greenland ice sheet lost more mass during the melting season, than it gained during the winter, according to a new UN-endorsed report issued on Friday... More>>