URGENT
[14048]
October 12, 2001
TO: COMPLIANCE ADVISORY COMMITTEE No. 48-01
INTERNATIONAL COMMITTEE No. 55-01
INTERNATIONAL OPERATIONS ADVISORY COMMITTEE No. 10-01
PRIMARY CONTACTS - MEMBER COMPLEX No. 77-01
TRANSFER AGENT ADVISORY COMMITTEE No. 81-01
RE: OFAC ADDS 39 NAMES TO LIST OF “SPECIALLY DESIGNATED GLOBAL
TERRORISTS”
Today, the Office of Foreign Assets Control (OFAC)1 added the names of 39 terrorists to
its list of Specially Designated Global Terrorists (SDGTs). The OFAC guidelines summarizing
its terrorism sanctions regulations have been revised and republished to reflect these additions.
A copy of the OFAC bulletin containing more detailed information, including an
updated list of named terrorists and terrorist organizations, 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
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.