UNCLASSIFIED
115
116150 MDHOAN 5047
НКЕ 020 126
UNCLASSIFIED
FM FCO
TO IMMEDIATE AMMAN
TELNO 297
OF 231815Z AUGUST 90
12 SEP
W
YOUR TELNO 457 : SANCTIONS: FREEZING OF KUWAITI ACCOUNTS AND ASSETS
1. IT IS FAR FROM CLEAR TO OURSELVES AND THE TREASURY WHAT M. FANEK'S COMPLAINT REALLY IS AND, INDEED, WHETHER IT MERITS A REJOINDER.
2.
AS USEFUL BACKGROUND AND GENERAL GUIDANCE ON THIS WE ARE FAXING A COPY OF THE BANK OF ENGLAND'S GUIDANCE ON THE IMPLEMENTATION OF THE FREEZE.
3. SHOULD YOU DECIDE TO RESPOND TO M. FANEK WE SUGGEST YOU MAKE THE FOLLOWING POINTS:
HURD
(A) THE FREEZE DOES NOT APPLY TO INDIVIDUAL KUWAITI
RESIDENTS (AS WELL AS TO COMPANIES) BUT THE BANK'S
GUIDANCE MAKES IT CLEAR THAT THEY CAN STILL DRAW FUNDS FOR LIVING EXPENSES ETC.
(B) THE INTENTION OF THE FREEZE IS TO PROTECT THE ASSETS OF THEIR LEGITIMATE KUWAITI OWNERS AS WE ARE REQUIRED TO DO BY SCR 662.
YYYY
ΜΑΙΝ
IRAQ/KUWAIT
LIMITED
229
ADDITIONAL 43
IRAQ/KUWAIT
(PASSED TO EMERGENCY UNIT)
DISTRIBUTION
272
PAGE
MED
1
UNCLASSIFIED