Cablegate: Terrorism Finance: Domestic Designation of Four

VZCZCXYZ0002
RR RUEHWEB

DE RUEHIN #0222 0501007
ZNR UUUUU ZZH
R 191007Z FEB 08
FM AIT TAIPEI
TO RUEHC/SECSTATE WASHDC 8147
RUEATRS/DEPT OF TREASURY WASHDC
RUCNDT/USMISSION USUN NEW YORK 0050

UNCLAS AIT TAIPEI 000222

SIPDIS

SIPDIS

STATE FOR EEB/ESC/TFS/DBENDANA, NEA/I/JKONDOS, NEA/IR/RGERBER, AND
S/CT/TDROZDENKO
TREASURY FOR TFFC LADAN ARCHIN

E.O. 12958: N/A
TAGS: KTFN EFIN PTER PREL FARM PREL MNUC ECON TW IR
SUBJECT: TERRORISM FINANCE: DOMESTIC DESIGNATION OF FOUR
INDIVIDUALS AND ONE ENTITY UNDER EXECUTIVE ORDER 13438

REF: 08 STATE 03749

1. Per ref A, Taiwan's Financial Supervisory Commission (FSC)
issued a formal instruction on February 2, 2008, providing all
banking institutions with information on four individuals (including
Ahmed Foruzandeh) and one entity (Al Zawra Television Station)
designated by the U.S. Department of Treasury pursuant to U.S.
E.O.13438 on November 9, 2008.

2. The FSC asked banking institutions in Taiwan to strengthen
monitoring over transactions with the designated individuals which
will arise because the U.S. has prohibited the U.S. banking sector
from engaging in transactions with these individuals and the entity.
The FSC required them to treat transactions with the designated
individuals/entity and their beneficiaries as suspected money
laundering transactions, and instantly report these transactions to
the Ministry of Justice Investigation Bureau for further
investigation and action.

3. The FSC also asked the following industry associations to
request their members to comply with the February 12, 2008
instructions:
--Credit Cooperation Association
--Bills Finance Association
--Securities Firms Association
--Securities Investment Trust and Consultant Association
--Futures Commissioners Association
--Life Insurance Association
--Non-life Insurance Association
--all jewelry associations
--Credit Card Firms Association
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