[17768]
July 13, 2004
TO: COMPLIANCE ADVISORY COMMITTEE No. 71-04
INTERNATIONAL COMMITTEE No. 39-04
INTERNATIONAL OPERATIONS ADVISORY COMMITTEE No. 29-04
MONEY LAUNDERING RULES WORKING GROUP No. 26-04
PRIMARY CONTACTS - MEMBER COMPLEX No. 69-04
TRANSFER AGENT ADVISORY COMMITTEE No. 62-04
RE: OFAC UPDATE
Treasury’s Office of Foreign Assets Control (OFAC)1 issued a bulletin today announcing
the following changes.
New "aka"s have been added to CONTINUITY IRA (CIRA) listing and it has been
named an "[FTO]" as well as being an "[SDGT]", resulting in the following changes:
CONTINUITY IRA (CIRA); United Kingdom [SDGT] -to- CONTINUITY IRA (CIRA)
(a.k.a. CONTINUITY ARMY COUNCIL; a.k.a. CONTINUITY IRISH REPUBLICAN
ARMY; a.k.a. REPUBLICAN SINN FEIN); United Kingdom [SDGT][FTO]
resulting in the following new entries:
CONTINUITY ARMY COUNCIL (a.k.a. CONTINUITY IRA (CIRA); a.k.a.
CONTINUITY IRISH REPUBLICAN ARMY; a.k.a. REPUBLICAN SINN FEIN); United
Kingdom [SDGT][FTO]
CONTINUITY IRISH REPUBLICAN ARMY (a.k.a. CONTINUITY ARMY COUNCIL;
a.k.a. CONTINUITY IRA (CIRA); a.k.a. REPUBLICAN SINN FEIN); United Kingdom
[SDGT][FTO]
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
REPUBLICAN SINN FEIN (a.k.a. CONTINUITY ARMY COUNCIL; a.k.a.
CONTINUITY IRA (CIRA); a.k.a. CONTINUITY IRISH REPUBLICAN ARMY); United
Kingdom [SDGT][FTO]
OFAC’s SDN material has been updated accordingly, as has OFAC’s program brochure
on Terrorism.
Frances M. Stadler
Deputy Senior Counsel