From: <a href="http://www.aftenposten.no/spesial/wikileaksdokumenter/article3966837.ece">Aftenposten</a>.<br>

<pre>
2007-05-04 14:18
S E C R E T 
OSLO 000480
SIPDIS
SIPDIS
ISN/CPI (JCHALMERS), NEA/IR (SMISKO), PLEASE PASS TO TREASURY
E.O. 12958:
DECL: 05/04/2017 
TAGS: EFIN, IR, PARM, KNNP, NO
SUBJECT: (S) SEPAH ASSETS UPDATE
REF: A. STATE 60238 B. OSLO 320
Classified By: [TEXT REMOVED BY AFTENPOSTEN ], Reasons 1.4 (b) and (d)

1. (S)
On May 4 we delivered reftel A points to [TEXT REMOVED BY
AFTENPOSTEN ], who reviewed the GONīs steps to freeze Sepahīs
assets, as outlined in reftel B. On March 30, the GON had
amended its regulations and drafted the necessary legal
instruments to freeze Sepah assets in Norway. The Norwegian
Security and Exchange Commission (KreditTilsynet) was
contacted, which communicated the freeze to Norwegian banks
and financial institutions.

2. (S)
Sepahīs bank account in the Norwegian bank Nordea, which had a
balance of approximately 28,300 USD, was immediately frozen.
Nordea simultaneously deleted all credit lines with Sepah, and
confirmed to the GON that there were no outstanding Sepah
letters of credit. To [TEXT REMOVED BY AFTENPOSTEN ]
knowledge, there has been no evidence of an asset flight, and
there is no information indicating any additional Sepah
accounts in Norway.

3. (S)
[TEXT REMOVED BY AFTENPOSTEN ] noted that the Norwegian
Central Bank provided the MFA with a copy of a letter from the
Iranian Central Bank president. The letter (which was not
provided to us) outlined a general Iranian appeal to European
central bank governors complaining of the Security Councilīs
decision. The GON was asked in the letter to work toward
lifting the asset freeze. The Norwegian Bank did not respond,
determining that the letter should be filed "for no further
action." [TEXT REMOVED BY AFTENPOSTEN ] will inform us of any
additional developments.

WHITNEY
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