URGENT/ACTION REQUESTED
[15996]
May 2, 2003
TO: COMPLIANCE ADVISORY COMMITTEE No. 33-03
INTERNATIONAL COMMITTEE No. 29-03
INTERNATIONAL OPERATIONS ADVISORY COMMITTEE No. 20-03
MONEY LAUNDERING RULES WORKING GROUP No. 29-03
PRIMARY CONTACTS - MEMBER COMPLEX No. 33-03
TRANSFER AGENT ADVISORY COMMITTEE No. 45-03
RE: OFAC UPDATE -- TRANSPORTING, LLC
Treasury’s Office of Foreign Assets Control (OFAC) has issued a bulletin today
announcing that all property and interests in property of TRANSPORTING, LLC, wherever
located, have been blocked pending investigation pursuant to the Narcotics
Trafficking Sanctions Regulations, 31 C.F.R. Part 536, and Section 203 of the International
Emergency Economic Powers Act, as amended, 50 U.S.C. 1702.1 Although this entity is not now
a specially designated narcotics trafficker (SDNT), its name has been integrated into OFAC's
SDN list with the descriptor "[BPI-SDNT]" to indicate that its property and interests in property
are currently blocked. The new entry in the SDN list is as follows:
TRANSPORTING, LLC, 6555 NW 36th Street, Suite 304, Virginia Gardens,
Florida 33166-6975; 9443 Fontainebleau Boulevard, No. 114, Miami, Florida
33172; Business Registration Document # L00000012836 (Florida, U.S.A.); U.S.
FEIN: 65-1048798 [BPI-SDNT]
All of OFAC's SDN material has been updated accordingly, as has OFAC's
program brochure on Narcotics.
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.