Search

 

Cablegate: Vietnam Terrorist Finance: 2005 Update No. 2

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

UNCLAS HANOI 000641

SIPDIS

SENSITIVE BUT UNCLASSIFIED

STATE FOR EAP/BCLTV; EB/ESC/TFS DAVID NELSON
STATE FOR S/CT TODD KUSHNER; IO/PSC JOLEEN SCHWEITZER
TREASURY PLEASE PASS TO JUAN ZARATE
TREASURY ALSO FOR OFAC ROBERT WERNER; EB/EPPD CAROL THOMPSON

E.O. 12958: N/A
TAGS: KTFN KVPR PTER EFIN ETTC PREL CVIS VM CTERR FINREF
SUBJECT: VIETNAM TERRORIST FINANCE: 2005 UPDATE NO. 2

REF: STATE 32688

1. (SBU) The following paragraphs contain answers to reftel
questions and provide an evaluation of Vietnam's ability to
cooperate in disrupting terrorism financing.

2. (SBU) The Government of Vietnam (GVN) has not frozen,
forfeited or seized any assets pursuant to UNSCR Resolutions
1267 and 1373.

3. (SBU) The USG has not requested GVN cooperation in co-
sponsoring any designations. There are no evident
impediments to further cooperation on counterterrorism
finance.

4. (SBU) The GVN is in the initial stages of development of
anti-terrorist financing regimes. Although the GVN
recognizes the need for legislation and development of
administrative measures regarding Anti-Money Laundering
(AML), they still assess the possibility of terrorist finance
activities in Vietnam as negligible. Post believes that the
GVN would be very willing to accept USG training and
technical assistance but would be much more open to an offer
from a combined AML/TF perspective. The GVN is more likely
to accept a USG assessment of training needs if the
assessment is the initial part of an agreed-upon arrangement
for training or technical assistance. Priority assistance
needs in Vietnam include raising awareness of signs of money
laundering and encouraging development of an anti-terrorist
regime, including Financial Intelligence Unit equipment and
training.

5. (SBU) The GVN has recently begun to take concrete steps
toward the prevention and control of money laundering. A new
AML decree is expected to be passed in 2005. However,
Vietnamese legal provisions on counter terrorism financing
are covered in various legal documents. They have not yet
established a separate legal document governing the
prevention and suppression of terrorism financing. The GVN
believes and Post agrees that the risk of terrorist threats
emerging from the Vietnamese population is very low. Post
believes that the risk that VN will be used as a site for
significant fund raising is low. Although the government
monitors international financial transactions in Vietnam
closely, it is not clear whether the procedures will
effectively preclude money laundering or terrorism financing.
Post believes there is a low risk that Vietnam would be a
site for significant banking services for terrorists, however
there is a higher risk for other money laundering. For
example, there are significant documented instances of drug
money laundering.

MARINE

© Scoop Media

 
 
 
World Headlines

 

Climate Change: Record Northern Heat, Fuels Concerns Over US Wildfire Destruction

More than 78,000 acres of forest in the Sierra mountains in California has been lost due to wildfires. Photo: San Francisco Fire Department The northern hemisphere experienced its warmest August ever, the World Meteorological Organization ( WMO ... More>>

UN: Guterres Condemns Killing Of Journalists, Following Beheading Of Mexican Crime Reporter

© UNESCO | International Day to End Impunity for Crimes against Journalists. Following the gruesome death of a Mexican journalist specializing in crime reporting, who was found beheaded on Wednesday, UN chief António Guterres has issued a statement condemning ... More>>

UN: WHO Warns Against Potential Ebola Spread In DR Congo And Beyond

Ebola is spreading in a western province in the Democratic Republic of the Congo (DRC), raising fears that the disease could reach neighbouring Republic of Congo and even the capital, Kinshasa, the World Health Organization (WHO) said on Friday. ... More>>

WWF: Living Planet Report Reveals Average Two-Thirds Decline In Wildlife Populations Since 1970

According to WWF’s Living Planet Report 2020 released today, global populations* of mammals, birds, amphibians, reptiles and fish have suffered an average two-thirds decline in less than half a century. The decline is due in large part to the very ... More>>