Aide Memoire from the Australian Embassy: Additional Sanctions on Iran

a inas MAYNILA, PILIPINAS

OFFICE OF THE DEPUTY GOVERNOR SUPERVISION AND EXAMINATION SECTOR

CIRCULAR LETTER NO.: CL-2009-008

To : ALL COMMERCIAL BANKS

Subject : Aide Memoire from the Australian Embassy: Additional Sanctions on Iran

Finance a copy of the endorsement of the Department of Foreign Affairs. (DFA) of the Note Verbale No. 377/08 dated 23 October 2008 from the Australian Embassy, transmitting a copy of the Aide Memoire containing the Nations Security .Council (UNSC) resofutions concerning its Uranium announcement made by Hon. Stephen Smith, the Australian Minister of Foreign Affairs regarding additional sanctions to Iran's failure to comply with the United enrichment and reprocessing activities. The Bangko Sentral ng Pilipinas received from the Department of

UNSC resolutions and in response to Iran's continued defiance of the UN resolutions, Australia imposed new financial and travel sanctions against 20 Iranian individuais and 18 organizations which contribute to Iran's nuclear and missile programs. Two of these organizations include the Iranian banks Melli and Saderat. In the said announcement, Minister Smith expressed support to the

two Iranian banks Melli and Saderat. Any known information regarding said banks such as amount, date, counterparty and nature of transaction may be reported to the Central Point of Contact Department I, Supervision and Examination Sector of the BSP. Banks are advised to closely monitor any financial transactions with the

No. 377/08 dated 23 October 2008 from the Australian Embassy, containing the announcement made by the Australian Minister of Foreign Affairs. Attached for your guidance is the DFA endorsement of the Note Verbale

(

NESTOR A. ESPENILLAJR Deputy'Governor

3_February 2009

Att.: A/S

PANANALAPING MATATAG, BANSANG PANATAG

A. Mabini St., Malate 1004 Manila, Philippines Trunkline (632) 524-70-11 URL:www.bsp.gov.ph * e-maif: [email protected]

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igamaran ng Ugnapang Banlahas Mepartment ot Joreign L Aftairs C

28505 OFFICE OF UNITED NATIONS AND

Other iNterNATiOnaL OrGaNIZAtiONS D : Aa.

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Alde Mermore containing the announcement made by Hon. stephen"#nth. concerning its enrichment and reprocessing activitles. dated 23 October 2008 frorn the Australian Embassy transmltting a copy ct the latter's failure to comply with the United Nations Secunty Council resolfions Australian Minister of Foreign Affairs, on cdditionat sanction or iran in rasporf i have the honor to enclose herewith a copy ot Note Yerbale No. 3#/e7 O fe f I

and in response to on-golng irarian defiance ot the Socurity Councll. Au$rdtia decided to impose new financkal and travel sanetions against 20 frintdn programs. These organizations include iranian banks Meli and Saderat. individuals and 18 organizations which contnbute to iran's nucledr and-r issle Minister $mith announced that i strongly supports the UNsc resctons

* The Australlan Government will implermont. vigorously the S SUNy

sensitive activities. Council's cali through UN$CR 1803 to be vigilant about providing finghe{al support for trade with fran. so as to avoid contributing fo iran's proliferation

banks in iran. weapons. the Deportment pf Finance is reauested to monitor vigilantly ary financial transactions between Rp tocal banks and the two aforermentioned In keeping up with the Philippine position on noh-proliferation of nucl#at

Very truly yours.

for the Secretary of Foreign Affatrs: *.

EVANPCH Assistant secretary. RCTE Yo

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Secretary of Finance Roxas Boulevard corner Pabfo Ocampo TEH I.

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its failure to comply with United Nations Security Council resolutions concerning its uranium erichinent and reprocessing activities on 15 October 2008, of the introduction of additioral sanctions on han in response to announcenent by Australia's Minister for Foreign Affairs the Hon Stephen Smith MP The Australian Embassy in Manila presents its compliments to the Department of Foreign A ffairs of the Republic of the Philippines and has the honour to inform of the

Infornation on these additional sanctions is contained in the enclosed Aide Mcmoire.

The Australian Embassy avails itself of this opportunity to renew to the Department of Foreign Affairs the assurances of its highest consideration.

ALA 23 Octobe 2008

Australian Sanctions on Iran

The Austraian Government is deeply coricerned at Iran's refusal to susperd its uranium enrichmert and reprocessing-related activities as required by tnultiple United Nations Security Council Resolutions.

reassure the entire international community about the nature of its Iran's secret nuclear program was revealed in 2002. Since then. Australia has urged Iran to cooperate fully with the International Atomic Energy Agency (IAEA) and to take the steps necessaury to nuclear activities.

four UNsc resolutions which require Iran to suspend uranium enrichment and reprocessing activities, and to meet the LAEA's The international community has responded through the adoption of verification requirements.

Three UNsC resolutions have imposed sanctions, including travel and Tinancial restrictions against those engaged in Iran's proliferation sensitive activities.

Australia supports each of these binding resolutions, and has implemented these sanctions fully.

offered a generous incentives package in exchange for Iran's suspension While the international comrnunity believes it is necessary to bring pressure to bear on Iran, it has also reached out. In particular, the European Union foreign policy chief Solana on behalf of the United States, Russia, France, the United Kingdorn, China and Germany has of its enrichment activities.

accept it. Unfortunately, Iran has refused to take up this offer and to Australia has strongly supported this initiative and has urged Iran tc provide the necessary reassurances. To supplement these UN sarctions, the EU decided recently to impose additional autonomous travel arcl financial sanctions

On 15 September, the IAEA again confirned that Irin persisted with uranium enrichment and reprocessing-related activities and had refused to give it access to all relevant facilities.

The lAEA also reported it had detailed inforniation suggesting Irar has conducted st.udies into nuclear weapons and that Iranian nilitary entities have been irivolved in nuclear procurement.

intentions. Hni response to on-going Iranian defiance of the Security inposc new financial and travel sanetions effective fron today This iformation further deepened our concerns about Iran's nuclear Coumcil and given the Government's strorg cornnitment to nuclear non-proliferation, the Australian Goverrment has now decided to

organisations which contribute to Iran's nuclear and missile programs. The sanctions are targeted agairist 20 Iranian individuals and 18 or otherwise assist Iran to violate its Security Council obligations These organisations include Iranian banks Melli and Saderat.

The new measures support and are similar to the action recently taken by the Europear Union.

The rew measures are not intended to prevent legitimate Australian trade with Iran.

Security Council's call through UNSCR 1803 to be vigilant about providing financial support for trade with Iran, so as to avoid contributing to Iran's proliferation-sensitive activities. However, the Australian Government will implement vigorously the

To this cicl, Australia will not provide new firancial support for trade with Iran umder Australia's trade promotion and trade finance prograrns, rianely through the Export Finarce Insurance Corporation ard Export Market Development Grants.

Australia will, together with the international community, continue to engage with Iran to urge it to suspend uranium enrichrnent.