URGENT
[14028]
October 5, 2001
TO: COMPLIANCE ADVISORY COMMITTEE No. 46-01
INTERNATIONAL COMMITTEE No. 54-01
INTERNATIONAL OPERATIONS ADVISORY COMMITTEE No. 8-01
TRANSFER AGENT ADVISORY COMMITTEE No. 75-01
RE: OFAC UPDATES ANTI-TERRORISM SANCTIONS
Today, the Office of Foreign Assets Control (OFAC)1 published revised guidelines
summarizing its terrorism sanctions regulations.
A copy of the OFAC bulletin containing more detailed information, including an
updated list of named terrorists and terrorist organizations, is attached. The bulletin also is
available on the OFAC web site, www.treas.gov/ofac.
If you have questions about OFAC compliance please contact Frances Stadler (phone
202-326-5822; e-mail frances@ici.org) or me (phone 202-371-5430; e-mail rcg@ici.org), or contact
OFAC Compliance directly at 202-622-2490.
Robert C. Grohowski
Associate Counsel
Attachment (in .pdf format)
1 OFAC regulations require US persons, including investment companies, to block all accounts and assets of Specially
Designated Nationals (SDNs). For an overview of OFAC regulations and a description of the various measures that
mutual fund organizations may wish to consider adopting to ensure compliance with those regulations, refer to the
Institute’s paper entitled “Foreign Assets Control Compliance for Mutual Funds.” This paper is available on the
Institute’s members’ website at http://members.ici.org. The members’ website is password-protected; staff at
Institute member firms may request access codes by filling out the enrollment form on the website.