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October 2001 - This notice is also in the October 2001 edition of The Writ INVESTMENT BUSINESS: NOTICES REGARDING FROZEN ASSETS The Financial Services Authority has asked the Society to draw the attention of all practitioners to the following important information regarding the handling of assets following on from the events in the USA on 11th September. 1. 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) is set out below. 2. The FSA is reminding the firms it regulates to check their records for those named by OFAC. 3. 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 the 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". 4. The list published by OFAC can be located also at the OFAC website at http://www.treas.gov/ofac/. 5. The FSA has drawn attention also to the FBI list of subjects allegedly connected with the terrorist attacks in US. They [the FSA] reminded regulated firms that they should check their records for names and alleged subjects under investigation by the FBI and were also reminded of their general legal obligations to report suspicious transactions. 6. Details of the FBI list of alleged suspects is available from the FSA website http://www.fsa.gov.uk or the FBI website http://www.fbi.gov. 7. 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, Usama Bin Laden or anyone acting on their behalf. 8. Details of the sanctions against those connected to the Taliban are available from the Bank of England's website http://www.bankofengland.co.uk 9. ENQUIRIES TO THE
FSA should be directed to: Consumer Helpline: 0845 606 1234 LIST PUBLISHED BY THE US OFFICE OF FOREIGN ASSETS CONTROLS
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