TNAG-2680-FCO40-3877-Implementation-of-United-Nations-sanctions-by-Hong-Kong-agai-1993 — Page 62

CONFIDENTIAL # 3

Secretary for Security

MEMO

о

To Assistant Political Adviser (G)

Fro

Ref.

In

SBCR 1/5751/67

Tel. No.

810 2024

Dote

27 May 1993.

G.F. 73C

Your Ref.

.in.

dated

United Nations Sanctions

Iraq and Serbia Montenegro

}

24

I

refer to my earlier memo in this series dated May. It is imperative that we obtain copies of all the lists published by the US Department of Treasury's Office of Foreign Assets Control (OFAC). The lists are:-

2.

(a)

(b)

(c)

(a)

the OFAC list of Iraqi linked overseas companies and individuals published in April 1991;

the OPAC list of Serbian/Montenegran linked companies and individuals published on 6 July 1992:

individuals

the OFAC list of Serbian/Montenegran linked companies and

published on 15 January 1993;

the

OFAC list of Serbian/Montenegran linked shipping agencies and vessels published on 11

March 1993.

To explain, Bost of the

companies

as

and

an

individuals on these lists are either acting extension of the proscribed states governments or are willing to participate in illegal procurement and diversion on their behalf. The lists would provide Branches and Departments involved in

inilementing the orders in Council with a necessary reference point for conducting checks to ensure that the Orders are hot being evaded.

3.

Examples of the sort of checks that will have

to be conducted are:-

(a)

(b)

trade licences covering a specific period to determine whether any licences have been issued and goods

to any of the listed entities. The local manies involved should also be checkedt

companies and business registration records to

determine

are registe

companies

interest in

any of the listed companies Hin Hong Kong as overseas we acquired a whole or partial local concern;

CONFIDENTIAL # *