Cablegate: Terrorism Finance: Domestic Designation of Iraqi Former

VZCZCXYZ0003
RR RUEHWEB

DE RUEHIN #0226 0501008
ZNR UUUUU ZZH
R 191008Z FEB 08
FM AIT TAIPEI
TO RUEHC/SECSTATE WASHDC 8148
RUEATRS/DEPT OF TREASURY WASHDC
RUCNDT/USMISSION USUN NEW YORK 0051

UNCLAS AIT TAIPEI 000226

SIPDIS

SIPDIS

STATE FOR EEB/ESC/TFS/DBENDANA, NEA/I/JKONDOS, 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 IRAQI FORMER
REGIME ELEMENTS (FRE)

REF: 07 STATE 166402

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 seven individuals
(including Fawzi Mutlaq Al-Rawi) with ties to the Iraqi insurgency
and the former Iraqi regime.

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. The FSC
required them to treat transactions with the designated individuals
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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