Investment business – assets frozen in the US

List of organisations identified by the US as having terrorist links – relevant to the money laundering and anti-terrorism legislation

The Journal, October 2001, page 8

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The US President, George W Bush, has issued an Order targeting terrorists and blocking the accounts of a number of organisations and individuals.  A list of those identified in the Order, published by the US Office of Foreign Assets Controls (OFAC) follows.

The FSA is reminding the firms it regulates to check their records for those named by OFAC.

Carol Sergeant, Managing Director of Regulatory Processes and Risk at the FSA, said: “As with the names of suspected terrorists published recently by the FBI, it is important that all firms should review any dealings with the individuals and entities named by OFAC, if they have not already done so.

“Under money laundering and anti-terrorism legislation, firms need to ensure all necessary suspicious transaction reports have been made to the National Criminal Intelligence Service in the usual way.”

 The list published by OFAC is attached or can be located at the OFAC website at http://www.treas.gov/ofac/.

On 20 September, the FSA circulated the FBI’s list of subjects allegedly connected with the terrorist attacks in the US. They reminded regulated firms that they should check their records for names of alleged subjects under investigation by the FBI and were also reminded of their general legal obligations to report suspicious transactions.

 Details of the FBI’s list of alleged suspects is available from the FSA’s website www.fsa.gov.uk or the FBI’s website www.fbi.gov

The Bank of England has also written to banks in the UK reminding them of the long-standing financial sanctions imposed by the United Nations against the Taliban, Osama bin Laden or anyone acting on their behalf. Details of the sanctions against those connected to the Taliban are available from the Bank of England’s website www.bankofengland.co.uk

List Published by the US Office of Foregin Assets Controls

• Al Qaida/Islamic Army
• Abu Sayyaf
• Group Armed Islamic Group (GIA)
• Harakat ul-Mujahidin (HUM)
• Al-Jihad (Egyptian Islamic Jihad)
• Islamic Movement of Uzbekistan (IMU)
• Asbat al-Ansar
• Salafist Group for Call and Combat (GSPC)
• Libyan Islamic Fighting Group
• Al-Itihaad al-Islamiya (AIAI)
• Islamic Army of Aden
• Osama bin Laden
• Muhammad Atif (aka, Subhi Abu Sitta, Abu Hafs Al Masri)
• Sayf al-Adl
• Shaykh Sai’id (aka, Mustafa Muhammad Ahmad)
• Abu Hafs the Mauritanian
• (aka, Mahfouz Ould al-Walid, Khalid Al-Shanqiti)
• Ibn Al-Shaykh al-Libi
• Abu Zubaydah (aka, Zayn
• al-Abidin Muhammad
• Husayn, Tariq)
• Abd al-Hadi al-Iraqi
• (aka, Abu Abdallah)
• Ayman al-Zawahiri
• Thirwat Salah Shihata
• Tariq Anwar al-Sayyid Ahmad (aka, Fathi, Amr al-Fatih)
• Muhammad Salah (aka, Nasr Fahmi Nasr Hasanayn)
• Makhtab Al-Khidamat/Al Kifah Wafa Humanitarian Organization
• Al Rashid Trust
• Mamoun Darkazanli
• Import-Export Company

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