URGENT
[14284]
December 31, 2001
TO: COMPLIANCE ADVISORY COMMITTEE No. 70-01
INTERNATIONAL COMMITTEE No. 71-01
INTERNATIONAL OPERATIONS ADVISORY COMMITTEE No. 24-01
PRIMARY CONTACTS - MEMBER COMPLEX No. 98-01
TRANSFER AGENT ADVISORY COMMITTEE No. 108-01
RE: OFAC FREEZES ASSETS OF SIX MORE TERRORIST ORGANIZATIONS
The Office of Foreign Assets Control (OFAC) has added six new entities to its list of
specially designated global terrorists (SDGTs). Their assets must be blocked immediately.1
The new names added to the SDGTs list are:
Continuity IRA (CIRA); United Kingdom
First of October Antifascist Resistance Group (GRAPO); Spain
Loyalist Volunteer Force (LVF); United Kingdom
Orange Volunteers; United Kingdom
Red Hand Defenders (RHD); United Kingdom
Ulster Defence Association (a.k.a. Ulster Freedom Fighters); United Kingdom
OFAC noted that five of the entities (CIRA, LVF, Orange Volunteers, RHD and the
Ulster Defence Association) are particularly active in the United Kingdom. The other entity,
GRAPO, is particularly active in Spain.
1 OFAC regulations require US persons, including investment companies, to block all accounts and assets of persons
or entities named by OFAC. 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.
2
The OFAC guidelines summarizing its terrorism sanctions regulations have been revised
and republished to reflect this addition, and are 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 800-540-6322.
Robert C. Grohowski
Associate Counsel