VZCZCXYZ0019
OO RUEHWEB

DE RUEHC #9684 2762156
ZNY SSSSS ZZH
O R 032148Z OCT 07
FM SECSTATE WASHDC
TO RUEHRL/AMEMBASSY BERLIN IMMEDIATE 9902
RUEHLO/AMEMBASSY LONDON IMMEDIATE 2314
RUEHOT/AMEMBASSY OTTAWA IMMEDIATE 8000
RUEHFR/AMEMBASSY PARIS IMMEDIATE 4960
RUEHRO/AMEMBASSY ROME IMMEDIATE 3301
RUCNDT/USMISSION USUN NEW YORK IMMEDIATE 8971
INFO RUEHAK/AMEMBASSY ANKARA 1591
RUEHSW/AMEMBASSY BERN 2732
RUEHBH/AMEMBASSY NASSAU 2447
RUEHRB/AMEMBASSY RABAT 3070
RUEHKO/AMEMBASSY TOKYO 0886
RUEATRS/TREASURY DEPT WASHINGTON DC 8920

S E C R E T STATE 139684 
 
SIPDIS 
 
SIPDIS 
REL TO UK 
ITALY 
JAPAN 
CANADA 
GERMANY 
FRANCE. LIECHTENSTEIN 
 
E.O. 12958: DECL: 10/02/2017 
TAGS: EFIN KTFN LS PREL PTER USUN
SUBJECT: ENGAGING THE G7 PLUS LIECHTENSTEIN ON NASREDDIN 
1267 DE-LISTING REQUEST 
 
REF: STATE 094092 
 
Classified By: IO PDAS JAMES B. WARLICK FOR REASONS 1.4 (B) AND (D) 
 
 ¶1. (U) This is an action request.  Please see paragraph 4. 
 
---------- 
BACKGROUND 
---------- 
¶2. (SBU) Per reftel, Ahmed Idris Nasreddin (an Eritrean-born 
Italian citizen) applied on April 13 for de-listing for 
himself and 12 entities associated with him from UNSCR 1267 
(al Qaida Taliban Sanctions).  Nasreddin was listed jointly 
on April 22, 2002 by the G7 (US, Canada, France, Germany, 
Italy, Japan and the UK). The 12 entities associated with 
Nasreddin were listed jointly by the US and Italy.  Nasreddin 
was closely linked to designated al Qaida/UBL financier 
Youseff Moustaffa Nada (an Egyptian-born Italian citizen), 
who was listed (proposed by the US) under UNSCR 1267 on 
November 9, 2001.  Nada and Nasreddin, through commercial 
holdings, were thought to have operated an extensive 
financial network providing support for terrorist related 
activities.  Nasreddin's corporate holdings and financial 
network provided direct support for Nada and Bank Al Taqwa, 
which were previously designated by the USG and under UNSCR 
1267 on November 7 and 9, 2001, respectively. Nasreddin and 
Nada were both directors of Bank Al Taqwa and Akida Bank. 
Nada held a controlling interest in Bank Al Taqwa, Nasreddin 
in Akida Bank.  Both banks were thought to be shell companies 
lacking a physical presence and sharing the same address in 
the Bahamas where they were licensed.  For this reason the 
Bahamian government revoked the licenses of both banks. 
 
¶3. (SBU) UN representatives from G7 countries plus 
Liechtenstein agreed in July to request additional time to 
review Nasreddin's de-listing petition, and to reconvene 
prior to the extension deadline (October 12) to consult on 
final positions to support/deny Nasreddin's petition. 
Nasreddin's de-listing petition is being reviewed by listing 
countries (G7), Kingdom of Morocco (country of residency) and 
relevant governments of incorporation of Nasreddin-linked 
entities, including Switzerland, Bahamas, Turkey, 
Liechtenstein, Italy, Morocco.  With regard to the separate 
de-listing petition from Youseff Nada, the US in September 
2007 informed the 1267 Committee of our opposition to Nada's 
de-listing request. 
 
----------------------------- 
OBJECTIVES AND ACTION REQUEST 
----------------------------- 
¶4. (S Rel to G-7 and Liechtenstein)  USUN is requested to 
consult with representatives from G-7 countries plus 
Liechtenstein, as well as any other aforementioned government 
requesting consultations, regarding our views on the 
Nasreddin de-listing petition.  Other action addressees 
should consult with host government officials on this issue. 
All action addressees may draw upon the following points: 
Welcome the opportunity to consult with interested 
governments. 
Explain that although we have not yet come to a final 
determination, based on a thorough review of all of the 
information available to us, including submissions by Mr. 
Nasreddin, and contingent upon Nasreddin committing to sever 
any past ties to terrorist entities and to avoid all future 
dealings with them, we have tentatively determined that it 
would be appropriate to de-list him. 
Request any additional derogatory/exculpatory information 
other governments are using to guide their decisions. 
 
¶5. (U) Action addressees should report results of these 
consultations no later than October 9.  Questions may be 
directed to IO/PSC (Erin Crowe, 202-736-7847). 
RICE