Our Ref: B10/1C
9 November 2001
The Chief Executive
All Authorized Institutions
Dear Sir/Madam,
List of names to facilitate suspicious account reporting
I refer to our earlier letters informing you of the various lists of individuals and entities suspected of being connected with terrorist activities, the Taliban or Usama bin Laden. These include the list attached to the U. S. Executive Order to block terrorist assets and the list published by the Federal Bureau of Investigation. Authorized institutions should report to the Joint Financial Intelligence Unit and the HKMA if they identify accounts of those appearing on the lists.
As part of the effort to co-operate with the U. S. law enforcement authorities, the Federal Reserve Bank of New York has now developed a unified list of individuals and entities which, we are informed, are relevant to the criminal investigation in the U. S. of terrorist activities. This list, referred to as the Control List, is attached for your information. You should review your records to check whether any of the individuals or entities on the Control List have or have had any transactions or relationships with you. If so, you should immediately report that to the Joint Financial Intelligence Unit and the HKMA. You should note however that the Control List (and future updates) contains confidential information that should be used only for identifying and reporting accounts of those listed and disseminated only as required.
Regarding the U. S. Executive Order, you should note that the U. S. Government has designated a third and a fourth list of names, on 2 November and 7 November 2001 respectively, under the Order. The third list contains 22 names and is available from the website of the U. S. State Department (www.state.gov/s/ct/rls/rpt/fto/2001/index.cfm )*. The fourth list contains 62 names and is available from the website of the Office of Foreign Assets Control under the U. S. Treasury (www.ustreas.gov/ofac). As indicated in our letter of 17 October 2001, you are advised to browse the relevant websites regularly for the latest information.
Yours faithfully,
Raymond Li
Acting Deputy Chief Executive
Encl.: Control List (Only available to Authorized Institutions)
