URGENT/ACTION REQUESTED
[15381]
November 22, 2002
TO: COMPLIANCE ADVISORY COMMITTEE No. 104-02
INTERNATIONAL COMMITTEE No. 81-02
INTERNATIONAL OPERATIONS ADVISORY COMMITTEE No. 54-02
MONEY LAUNDERING RULES WORKING GROUP No. 68-02
PRIMARY CONTACTS - MEMBER COMPLEX No. 94-02
TRANSFER AGENT ADVISORY COMMITTEE No. 102-02
RE: OFAC UPDATE
In a notice released this morning, the Office of Foreign Assets Control (OFAC) has
added the following entity to its list of “Specially Designated Global Terrorists” (SDGTs):
MOROCCAN ISLAMIC COMBATANT GROUP (a.k.a. GICM; a.k.a. GROUPE
ISLAMIQUE COMBATTANT MAROCAIN) [SDGT]
Its assets must be blocked immediately:1
All of OFAC’s SDN material has been updated accordingly, as has OFAC’s program
brochure on Terrorism, including separate entries for each “a.k.a.” listing where appropriate.
These materials are available on the OFAC web site, www.treas.gov/ofac.
Robert C. Grohowski
Associate Counsel
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.