TNAG-2027-FCO40-2889-Hong-Kong-freezing-of-Kuwaiti-and-Iraqi-assets-1990 — Page 19

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052274 MDHOAN 4038

RECEIVE

14 AUG 1990

SKO

IND

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FM FCO

TO DESKBY 101730Z ANGUILLA

TELNO 122

OF 1015OOZ AUG 90

AND TO DESKBY 101730Z TORTOLA, GRAND CAYMAN, PLYMOUTH, GRAND TURK AND TO DESKBY 10173OZ HAMILTON

INFO IMMEDIATE GIBRALTAR, HONG KONG, WASHINGTON, BRIDGETOWN

FROM WIAD

UN EMBARGO AGAINST IRAQ

1. YOU WILL RECEIVE BY FAX IN THE COURSE OF THIS AFTERNOON FCO TELNO 446 WHICH GIVES GUIDANCE TO BRITISH COMPANIES AND BUSINESSMEN TO IMPLEMENT THE SANCTIONS AGAINST IRAQ. YOU WILL BY NOW HAVE TAKEN ACTION UNDER THE TWO ORDERS IN COUNCIL PROVIDING FOR THE FREEZING OF KUWAITI AND IRAQI ASSETS AND IMPLEMENTING THE

UN SANCTIONS ORDER.

2.

WE SHOULD BE GRATEFUL IF YOU WOULD REPORT AS SOON AS POSSIBLE WHAT LOCAL ADMINISTRATIVE STEPS YOU HAVE TAKEN TO IMPLEMENT THESE ORDERS, WHAT COOPERATION YOU HAVE RECEIVED FROM BANKS, TRUST COMPANIES, INSURANCE COMPANIES, INTERNATIONAL BUSINESS COMPANIES AND OTHER FINANCIAL INSTITUTIONS. HOW MUCH PUBLICITY HAVE YOU GIVEN TO THE MEASURES TAKEN QUERY. AS YOU KNOW IT IS ESSENTIAL THAT NO LICENCE TO TRADE (IMPORTS OR EXPORTS) WITH IRAQ SHOULD BE ISSUED WITHOUT CONSULTING LONDON. IF YOUR TERRITORY HAS NOT IN THE PAST REQUIRED SUCH A LICENCING PROCEDURE, YOU SHOULD INTRODUCE IT FORTHWITH. WOULD YOU ALSO ENSURE THAT VESSELS FLAGGED IN YOUR TERRITORY ARE NOT USED TO BREACH THE EMBARGO. 3. YOU SHOULD FEEL FREE TO USE YOUR RESERVE POWERS AS BROADLY AS YOU SEE FIT TO ENSURE THAT INTERNATIONAL BUSINESS COMPANIES OR FINANCIAL INSTITUTIONS INCORPORATED IN YOUR TERRITORY ARE NOT USED TO FACILITATE TRADE OR THE PROVISION OF FINANCE WHICH IS SUBJECT TO EMBARGO. IF YOU ENCOUNTER ANY DIFFICULTY IN THIS REGARD YOU SHOULD CONSULT US ACCORDINGLY.

4. YOU WILL WISH TO KNOW THAT THE WAY IN WHICH OUR DEPENDENT TERRITORIES ARE COMPLYING WITH THE UN SANCTIONS ORDER IS OF CONSIDERABLE CONCERN TO OUR ALLIES AND IT IS THEREFORE ESSENTIAL FOR YOU TO ENSURE THAT EVERY NECESSARY STEP HAS BEEN TAKEN.

HURD

YYYY

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