ACTION REQUESTED
[17725]
June 30, 2004
TO: COMPLIANCE ADVISORY COMMITTEE No. 65-04
INTERNATIONAL COMMITTEE No. 37-04
INTERNATIONAL OPERATIONS ADVISORY COMMITTEE No. 27-04
MONEY LAUNDERING RULES WORKING GROUP No. 24-04
TRANSFER AGENT ADVISORY COMMITTEE No. 57-04
RE: NEW OFAC ALERT MEMBERS MAILING LIST
In the fall of 2001, the Treasury Department requested that the Institute begin to alert all
of its members to notices from Treasury’s Office of Foreign Assets Control (OFAC) relating to
the blocking of assets pursuant to OFAC sanctions programs. As a result, the Institute now
emails a memo to members every time OFAC publishes an alert relating to a change in any one
of its sanctions programs or lists of sanctioned persons. It is very important that every
Institute member have at least one representative receiving these memos.
To assure that we reach individuals at every member firm, the Institute has until now
forwarded OFAC notices to several large mailing lists. However, we have found that in
practice we distribute the alerts to many individuals who do not need to see them, and we omit
many persons who should receive and act on the alerts. Therefore, starting in mid-July, we will
begin a new mailing list designed to more accurately target the persons who need to be aware
of the OFAC alerts.
We would appreciate your assistance in making sure that the new OFAC alert mailing
list includes all of the appropriate individuals within your firm. We ask that you do two things:
(1) As a current recipient of the Institute’s OFAC alerts, your name will be automatically
added to the new OFAC Alert Members mailing list. If you do not wish to continue to
receive OFAC-related memos, please send an email to memberservices@ici.org with the
subject “OFAC Alert Opt Out.”
(2) Circulate this notice within your firm and invite interested persons to join this mailing
list. To join the list, one should send an email to memberservices@ici.org with the
subject “Add to the OFAC Alert Members mailing list.”
2
The Institute will monitor the mailing list to assure that all member firms are
represented. Questions about these mailing lists can be directed to memberservices@ici.org or
(202) 326-5973. Thank you for your assistance.
Robert C. Grohowski
Associate Counsel