Search

 

Cablegate: Iraqi Assets: Transfering Assets Frozen in The

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

UNCLAS THE HAGUE 000746

SIPDIS

SENSITIVE

STATE FOR EB/ESC/TFS(GLASS/SALOOM), IO/PHO, L/EB

TREASURY FOR WALLWORTH AND ZARATE

E.O. 12958 N/A
TAGS: ETTC EFIN IZ NL
SUBJECT: IRAQI ASSETS: TRANSFERING ASSETS FROZEN IN THE
NETHERLANDS TO THE DEVELOPMENT FUND FOR IRAQ

REF: A) STATE 36435 B) HOLLIDAY-KUSHNER E-MAIL OF 2/5/04 C)

STATE 19363 D) 03 THE HAGUE 2674 E) 03 State 291321

1. (SBU) Dutch authorities are preparing a Ministerial
decree that will allow them to confiscate Iraqi assets
frozen in the Netherlands. This decree should be
promulgated within the next 90 days and will apply to assets
of the former regime that are already frozen and any that
have not yet been discovered. The decision to effect
confiscation through Ministerial decree represents a change
in position: previously, the GONL had maintained that new
legislation would be required.

2. (SBU) Until promulgation of this decree, Dutch financial
authorities still believe they can transfer funds from
frozen accounts to the DFI with the permission of the
account holders. In practice, this has proven more
difficult than expected. Transfer of approximately 18,000
euro from a Rasheed Bank account (note: ref e identifies
this as a Rafidain account; however, ref b and Dutch
authorities indicate it is a Rasheed account) held by
Commerzbank (Nederland) has been delayed by an interregnum
in Commerzbank management (a key official recently died.)
and non-receipt by Commerzbank of the original Rasheed Bank
letter requesting transfer (ref b). The situation is being
sorted out. Dutch officials confirm that ABN Amro account
41.79.82.992 referenced in ref a was lawfully closed several
months ago. They also confirm that the Dutch Central Bank
holds 1000 euro in of Iraqi Central Bank Funds and that
approximately 4,000 euro in Rafidain funds are also frozen
in the Netherlands (possibly also at Commerzbank).

Sobel

© Scoop Media

 
 
 
World Headlines

 

OECD: Final Quarter Of 2020 Shows Continued Recovery In G20 International Merchandise Trade

G20 international merchandise trade continued to rebound in the fourth quarter of 2020 ( exports up 7.2% and imports up 6.8%), following the sharp falls seen in the first half of 2020, as lockdown measures affected trade globally. Although growth ... More>>

UN Report: Civilian Casualties Surged After Peace Talks Began In Afghanistan

Monitoring by the UN Assistance Mission in Afghanistan, UNAMA, and the UN Human Rights Office has revealed that despite a drop in civilians killed and injured overall in 2020 there was a rise in civilian casualties following the start of peace negotiations ... More>>

Climate: UN Chief Lauds ‘day Of Hope’ As US Officially Rejoins Paris Climate Accord

The official return of the United States to the Paris Agreement on Climate Change represents good news for the country and the world, UN Secretary-General António Guterres said on Friday during a virtual event to mark the occasion. The US, under ... More>>

Focus On: UN SDGs


2021: Critical Year To ‘reset Our Relationship With Nature’ – UN Chief

During this time of “crisis and fragility”, the UN chief told the United Nations Environment Assembly on Monday that human well-being and prosperity can be vastly improved by prioritizing nature-based solutions. Painting a picture of the turmoil ... More>>


Paris Agreement: UN Secretary-General António Guterres To Mark U.S. Reentry With Envoy For Climate John Kerry

Watch live at webtv.un.org UN Secretary-General António Guterres will join U.S. Special Presidential Envoy for Climate John F. Kerry at an event marking the United States’ reentry into the Paris Agreement this Friday. The discussion with the Secretary-General ... More>>

WeBeliev: Scoop In Conversation With Abhishek Sinha, Founder Of WeBeliev, An NZ Crowdfunding Platform

WeBeliev supports 17 SDGs, launching sector specific campaigns every month Q. What is WeBeliev and why did you start it? A. WeBeliev is a Singapore-registered crowdfunding platform aimed at fundraising for all the 17 Sustainable Development Goals (SDGs) ... More>>