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Inactive Financial Institution Letters


BULLETIN FROM THE OFFICE OF FOREIGN ASSETS CONTROL (for immediate
implementation) - September 24, 2001

The President has issued a new Executive Order targeting terrorists 
and a number of new names have been added to OFAC's SDN List under 
the Order.  Their assets need to be blocked and immediate notice 
given to OFAC.  Banks should call OFAC's Hotline if they have any 
hits or questions.  All of OFAC's informational material will be 
updated as soon as possible.

EXECUTIVE ORDER

- - - - - - -

BLOCKING PROPERTY AND PROHIBITING TRANSACTIONS WITH PERSONS WHO 
COMMIT, THREATEN TO COMMIT, OR SUPPORT TERRORISM


By the authority vested in me as President by the Constitution and 
the laws of the United States of America, including the International 
Emergency Economic Powers Act (50 U.S.C. 1701 et seq.)(IEEPA), the 
National Emergencies Act (50 U.S.C. 1601 et seq.), section 5 of the 
United Nations Participation Act of 1945, as amended (22 U.S.C. 287c) 
(UNPA), and section 301 of title 3, United States Code, and in view 
of United Nations Security Council Resolution (UNSCR) 1214 of 
December 8, 1998, UNSCR 1267 of October 15, 1999, UNSCR 1333 of 
December 19, 2000, and the multilateral sanctions contained therein, 
and UNSCR 1363 of July 30, 2001, establishing a mechanism to monitor 
the implementation of UNSCR 1333,

    I, GEORGE W. BUSH, President of the United States of America, 
find that grave acts of terrorism and threats of terrorism committed 
by foreign terrorists, including the terrorist attacks in New York, 
Pennsylvania, and the Pentagon committed on September 11, 2001, 
acts recognized and condemned in UNSCR 1368 of September 12, 2001, 
and UNSCR 1269 of October 19, 1999, and the continuing and immediate 
threat of further attacks on United States nationals or the United 
States constitute an unusual and extraordinary threat to the national 
security, foreign policy, and economy of the United States, and in 
furtherance of my proclamation of September 14, 2001, Declaration of 
National Emergency by Reason of Certain Terrorist Attacks, hereby 
declare a national emergency to deal with that threat.  I also find 
that because of the pervasiveness and expansiveness of the financial 
foundation of foreign terrorists, financial sanctions may be 
appropriate for those foreign persons that support or otherwise 
associate with these foreign terrorists.  I also find that a need 
exists for further consultation and cooperation with, and sharing of 
information by, United States and foreign financial institutions as 
an additional tool to enable the United States to combat the financing 
of terrorism.

I hereby order:

Section 1.  Except to the extent required by section 203(b) of 
IEEPA (50 U.S.C. 1702(b)), or provided in regulations, orders, 
directives, or licenses that may be issued pursuant to this order, 
and notwithstanding any contract entered into or any license or 
permit granted prior to the effective date of this order, all 
property and interests in property of the following persons that 
are in the United States or that hereafter come within the United 
States, or that hereafter come within the possession or control of 
United States persons are blocked:

(a) foreign persons listed in the Annex to this order;

(b) foreign persons determined by the Secretary of State, in 
consultation with the Secretary of the Treasury and the Attorney 
General, to have committed, or to pose a significant risk of 
committing, acts of terrorism that threaten the security of U.S. 
nationals or the national security, foreign policy, or economy of 
the United States; 

(c) persons determined by the Secretary of the Treasury, in 
consultation with the Secretary of State and the Attorney General, 
to be owned or controlled by, or to act for or on behalf of those 
persons listed in the Annex to this order or those persons 
determined to be subject to subsection 1(b), 1(c), or 1(d)(i) of 
this order;

(d) except as provided in section 5 of this order and after such 
consultation, if any, with foreign authorities as the Secretary of 
State, in consultation with the Secretary of the Treasury and the 
Attorney General, deems appropriate in the exercise of his 
discretion, persons determined by the Secretary of the Treasury, 
in consultation with the Secretary of State and the Attorney General;
    
    (i) to assist in, sponsor, or provide financial, material, or 
    technological support for, or financial or other services to 
    or in support of, such acts of terrorism or those persons listed 
    in the Annex to this order or determined to be subject to this 
    order; or
    
    (ii) to be otherwise associated with those persons listed in the 
    Annex to this order or those persons determined to be subject 
    to subsection 1(b), 1(c), or 1(d)(i) of this order.

Sec. 2.  Except to the extent required by section 203(b) of IEEPA 
(50 U.S.C. 1702(b)), or provided in regulations, orders, directives, 
or licenses that may be issued pursuant to this order, and 
notwithstanding any contract entered into or any license or permit 
granted prior to the effective date: 

(a) any transaction or dealing by United States persons or within 
the United States in property or interests in property blocked 
pursuant to this order is prohibited, including but not limited to 
the making or receiving of any contribution of funds, goods, or 
services to or for the benefit of those persons listed in the Annex 
to this order or determined to be subject to this order;

(b) any transaction by any United States person or within the United 
States that evades or avoids, or has the purpose of evading or 
avoiding, or attempts to violate, any of the prohibitions set forth 
in this order is prohibited; and 

(c) any conspiracy formed to violate any of the prohibitions set 
forth in this order is prohibited.

Sec. 3.  For purposes of this order:
(a) the term "person" means an individual or entity;

(b) the term "entity" means a partnership, association, corporation, 
or other organization, group, or subgroup;

(c) the term "United States person" means any United States citizen, 
permanent resident alien, entity organized under the laws of the 
United States (including foreign branches), or any person in the 
United States; and

(d) the term "terrorism" means an activity that -- 
    (i) involves a violent act or an act dangerous to human life, 
    property, or infrastructure; and
    
    (ii) appears to be intended -- 
         (A) to intimidate or coerce a civilian population;
         (B) to influence the policy of a government by intimidation 
         or coercion; or 
         (C) to affect the conduct of a government by mass 
         destruction, assassination, kidnapping, or hostage-taking. 

Sec. 4.  I hereby determine that the making of donations of the type 
specified in section 203(b)(2) of IEEPA (50 U.S.C. 1702(b)(2)) by 
United States persons to persons determined to be subject to this 
order would seriously impair my ability to deal with the national 
emergency declared in this order, and would endanger Armed Forces of 
the United States that are in a situation where imminent involvement 
in hostilities is clearly indicated by the circumstances, and hereby 
prohibit such donations as provided by section 1 of this order.  
Furthermore, I hereby determine that the Trade Sanctions Reform and 
Export Enhancement Act of 2000 (title IX, Public Law 106-387) shall 
not affect the imposition or the continuation of the imposition of 
any unilateral agricultural sanction or unilateral medical sanction 
on any person determined to be subject to this order because 
imminent involvement of the Armed Forces of the United States in 
hostilities is clearly indicated by the circumstances.

Sec. 5.  With respect to those persons designated pursuant to 
subsection 1(d) of this order, the Secretary of the Treasury, in the 
exercise of his discretion and in consultation with the Secretary of 
State and the Attorney General, may take such other actions than 
the complete blocking of property or interests in property as the 
President is authorized to take under IEEPA and UNPA if the 
Secretary of the Treasury, in consultation with the Secretary of 
State and the Attorney General, deems such other actions to be 
consistent with the national interests of the United States, 
considering such factors as he deems appropriate.

Sec. 6.  The Secretary of State, the Secretary of the Treasury, and 
other appropriate agencies shall make all relevant efforts to 
cooperate and coordinate with other countries, including through 
technical assistance, as well as bilateral and multilateral 
agreements and arrangements, to achieve the objectives of this 
order, including the prevention and suppression of acts of 
terrorism, the denial of financing and financial services to 
terrorists and terrorist organizations, and the sharing of 
intelligence about funding activities in support of terrorism.

Sec. 7.  The Secretary of the Treasury, in consultation with the 
Secretary of State and the Attorney General, is hereby authorized 
to take such actions, including the promulgation of rules and 
regulations, and to employ all powers granted to the President by 
IEEPA and UNPA as may be necessary to carry out the purposes of 
this order.  The Secretary of the Treasury may redelegate any of 
these functions to other officers and agencies of the United States 
Government.  All agencies of the United States Government are hereby 
directed to take all appropriate measures within their authority to 
carry out the provisions of this order.

Sec. 8.  Nothing in this order is intended to affect the continued 
effectiveness of any rules, regulations, orders, licenses, or other 
forms of administrative action issued, taken, or continued in effect 
heretofore or hereafter under 31 C.F.R. chapter V, except as 
expressly terminated, modified, or suspended by or pursuant to this order. 

Sec. 9.  Nothing contained in this order is intended to create, nor 
does it create, any right, benefit, or privilege, substantive or 
procedural, enforceable at law by a party against the United States, 
its agencies, officers, employees or any other person.  

Sec. 10.  For those persons listed in the Annex to this order or 
determined to be subject to this order who might have a 
constitutional presence in the United States, I find that because 
of the ability to transfer funds or assets instantaneously, prior 
notice to such persons of measures to be taken pursuant to this 
order would render these measures ineffectual.  I therefore 
determine that for these measures to be effective in addressing the 
national emergency declared in this order, there need be no prior 
notice of a listing or determination made pursuant to this order.

Sec. 11.  (a) This order is effective at 12:01 a.m. eastern daylight 
          time on September 24, 2001.
          (b) This order shall be transmitted to the Congress and 
          published in the Federal Register.

THE WHITE HOUSE,
    September 23, 2001.


ANNEX

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
Usama 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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Last Updated 09/27/2001 communications@fdic.gov