[17266]
March 23, 2004
TO: COMPLIANCE ADVISORY COMMITTEE No. 38-04
INTERNATIONAL COMMITTEE No. 17-04
INTERNATIONAL OPERATIONS ADVISORY COMMITTEE No. 14-04
MONEY LAUNDERING RULES WORKING GROUP No. 11-04
PRIMARY CONTACTS - MEMBER COMPLEX No. 30-04
TRANSFER AGENT ADVISORY COMMITTEE No. 29-04
RE: OFAC UPDATE
Treasury’s Office of Foreign Assets Control (OFAC) issued a bulletin yesterday naming
ANSAR AL-ISLAM as a foreign terrorist organization (FTO). This entity previously had been
listed as a specially designated global terrorist (SDGT). The bulletin also adds a number of new
“aka” entries for ANSAR AL-ISLAM.
These changes result in the modification of a number of entries and the addition of five
new entries in OFAC's SDN material and its program brochure on Terrorism. Please note these
changes and additions.1
The text of the bulletin can be found on the OFAC web site at
http://www.treas.gov/offices/eotffc/ofac/bulletin.txt.
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.