TNAG-2029-FCO40-2891-Hong-Kong-freezing-of-Kuwaiti-and-Iraqi-assets-1990 — Page 167

CONFIDENTIAL

150

015637

MDHOAN 6883

p.a.

Tray/kwant.

ра

M

HKG 020 | 2G

RECEIVED IN Q TRY

CONFIDENTIAL

FM FCO

TO DESKBY 150001Z TOKYO

TELNO 629

OF 14164OZ SEPTEMBER 90

030CT 1990

AND TO PRIORITY ACTOR, WASHINGTON, UKMIS NEW YORK

IRAQ/KUWAIT:

SANCTIONS VIOLATIONS

1. WE UNDERSTAND THAT THE BANK OF TOKYO HAS MADE ARRANGEMENTS FOR ITS BRANCHES OVERSEAS TO CONTINUE FINANCIAL DEALING WITH IRAQI BANKS. THIS WOULD PROVIDE A MEANS FOR EVASION OF THE EMBARGO AGAINST IRAQ ESTABLISHED BY UNSCR 661, AND THEREFORE CAUSES US VERY SERIOUS CONCERN.

2. WE WOULD BE GRATEFUL IF YOU WOULD TAKE IMMEDIATE ACTION AT A HIGH LEVEL WITH THE JAPANESE, URGING THEM TO UPHOLD UNSCR 661. YOU SHOULD BE AWARE THAT THE BANK OF ENGLAND HAS RAISED THIS MATTER WITH THE BANK OF JAPAN IN LONDON PLEASE ALSO INFORM MINISTER (FINANCIAL) OF THIS.

3.

WE SHOULD BE GRATEFUL TO KNOW JAPANESE VIEWS WHETHER THERE WOULD BE GROUNDS FOR PROSECUTION OF THE BANK IN THIS CASE, AND WOULD WELCOME ANY FEEDBACK.

HURD

YYYY

ΜΑΙΝ

IRAQ/KUWAIT

LIMITED

225

ADDITIONAL

44

IRAQ/KUWAIT

MAFF

(PASSED TO EMERGENCY UNIT)

~~~~

DISTRIBUTION

269

PAGE

MED

1

CONFIDENTIAL