TNAG-2028-FCO40-2890-Hong-Kong-freezing-of-Kuwaiti-and-Iraqi-assets-1990 — Page 141

RESTRICTED

Gi

062422

MDHIAN 3172

RESTRICTED

FM GRAND TURK

TO IMMEDIATE FCO

TELNO 149

OF 13191OZ AUGUST 90

HKB 020 126

SCEIVER

1995

AND TO IMMEDIATE ANGUILLA, TORTOLA, GRAND CAYMAN, PLYMOUTH AND TO IMMEDIATE HAMILTON

INFO IMMEDIATE GIBRALTAR, HONG KONG, WASHINGTON, BRIDGETOWN

?

YOUR TELNO 122 : UN EMBRGO AGAINST IRAQ

1.

SINCE THE TWO OREDERS IN COUNCIL HAVE BEEN RECEIVED THEY HAVE BOTH BEEN PUBLISHED IN THE GAZETTE ON FRIDAY 8 AUGUST. A DETAILED PRESS RELEASE HAS BEEN PREPARED BY THE AG AND FS, AND ISSUED TO THE MEDIA AND ON THE RADIO. COPIES OF THE RELEASE HAVE BEEN SENT BY FAX TO ALL ATTORNEY, ACCOUNTANTS, TRUST COMPANIES, COMPANY FORMATION OFFICES, RESIDENT IN THE TERRITORY AND ALSO TO THOSE OUTSIDE THE TERRITORY KNOWN TO BE CONDUCTING BUSINESS HERE.

2.

THERE HAS BEEN FULL COOPERATION FROM THE BANKS AND OTHER FINANCIAL INSTITUTIONS AND NO RESISTENCE OR LACK OFSCOOPERATION HAS BEEN RECEIVED FROM ANY SOURCE.

3=

WE ARE UNCERTAIN AS TO THE MEANING OF THE REFERENCES TO LICENCES. THEIR IS NO LICENCING PROCEDURE IN TCI. I AM ADVISED THERE IS NO NECESSITY TO INTRODUCE A PROCEDURE AS THE TERMS OF THE ORDERS IN COUNCIL ARE REGARDED BY MY ADVISERS AS ADEQUATE.

4.

ONLY THE MOST MINOR CATEGORY OF SHIPPING IS REGISTERED HERE, NAMELY THOSE OF 500 TONNES OR UNDER. IT IS EXTREMELY UNLIKELY THAT ANY VESSELS FLAGGED HERE WOULD BE USED FOR EMBARGO BREAKING.

I AM FAXING SEPARATELY TO YOU A COPY OF THE PRESS RELEASE.

BRADLEY

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