URGENT/ACTION REQUESTED
[16427]
August 8, 2003
TO: COMPLIANCE ADVISORY COMMITTEE No. 59-03
INTERNATIONAL COMMITTEE No. 52-03
INTERNATIONAL OPERATIONS ADVISORY COMMITTEE No. 33-03
MONEY LAUNDERING RULES WORKING GROUP No. 48-03
PRIMARY CONTACTS - MEMBER COMPLEX No. 64-03
TRANSFER AGENT ADVISORY COMMITTEE No. 73-03
RE: OFAC UPDATE -- ZARATAN CORPORATION AND TWO NEW SDGTS
Treasury’s Office of Foreign Assets Control (OFAC) issued a bulletin today adding the
Zaratan Corporation to its list of Specially Designated Narcotics Traffickers (SDNTs), and two
new names to its list of Specially Designated Global Terrorists (SDGTs). Their assets must be
blocked immediately.1
Although Zaratan Corporation is not now an 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 have been blocked pending a narcotics investigation. The new OFAC entry is as
follows:
ZARATAN CORPORATION, Vanterpool Plaza, P.O. Box 873,
Wickhams Cay I, Road Town, Tortola, British Virgin Islands;
Avenida 4 Norte 4N-30, Cali, Colombia [BPI-SDNT]
In addition, OFAC has added the following entries to its SDGT list:
BASAYEV, Shamil Salmanovich; DOB 14 Jan 1965; POB Dyshni-
Vedeno, Chechnya; Passport No. 623334 (Russia) (individual)
[SDGT]
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
YANDARBIEV, Zelimkhan Ahmedovich Abdul Muslimovich,
formerly at Derzhavina Street 281-59, Grozny, Chechen Republic,
Russian Federation; DOB 12 Sep 1952; POB Vydriba, Eastern
Kazakhstan; Passport 43 No. 1600453 (Russia); citizen Russian
Republic (individual) [SDGT]
All of OFAC’s SDN material has been updated accordingly, as have OFAC’s program
brochures on Narcotics and on Terrorism.
Robert C. Grohowski
Associate Counsel