DISPATCH CLASSIFICATION
SECRET PROCESSING AUTHOR
WARNED FOR INDEXING
TO
Chief of Station, JMNAVE X NO INDEXING REQUIRED
INFO ONLY QUALIFIED DESK
CAN MUGH INDEXING
FROM
Chief, Western Hemisphere Division MICROFILM
SUBJECT
C TYPIC/AMBUD
AMBUD Trustee Accounts
ACTION REQUIRED
Reference: UFGT-21580, dated 25 March 1968
1. Headquarters recommends that all reference accounts, with the possible exception of the PABTHANA account (Case #118), be closed immediately and the proceeds transferred to Headquarters.
2. It is suggested that AMTIKI be queried concerning any possible embarrassment he might suffer in his personal relationship with the bank if he summarily closes all the accounts, since there is no wish to place him in an untenable position. Headquarters is aware that those so-called trust accounts are actually savings accounts and were so designated on the 1967 bank statements filed in the AMTIKI files. Under the circumstances, it is highly possible that an IRS inquiry may be initiated after the accounts are withdrawn and AMTIKI should be assured of Headquarters intercession in his behalf if he is questioned by IRS. However, in the event of such an inquiry, Headquarters must be prepared to submit a full accounting of those cases including dates and amounts of deposits and withdrawals and WOFIRM authorization for transactions which JMWAVE should be able to provide. It is recommended that AMTIKI immediately prepare a full background history relating to the opening of each account, all financial transactions since the accounts were opened, and references to JMWAVE authorization for any deposits and withdrawals. These accountings should be forwarded for Headquarters files as soon as they are completed. When AMTIKI is authorized to close the accounts, a memorandum covering the authorization should be prepared by JMWAVE and a copy forwarded to Headquarters.
3. In the event above recommendations tend to create any insurmountable problems JMWAVE is requested to advise the nature of the problems and submit alternate recommendations.
Ellen F. MARGANY
ORIGINATING
OFFICE
WH/COG/OPS
Officer Nancyel Gratz:jaf
COORDINATING
OFFICE SYMBOL DATE OFFICER'S NAME
WH/B&F Mr. Want (Coord in draft)
OCG Mr. Bladergroen (Coord by phone)
RELEASING
OFFICE SYMBOL
C/WH/COG DATE OFFICER'S SIGNATURE
David A. Phillips