Money Laundering, Terrorism & Financial Institutions
Published by Civic Research Institute, civicresearchinstitute.com
 

News Releases

10/16/2003 USA PATRIOT Act Monitor News Release: Terrorist Support Organization Designated
On October 14, the U.S. Treasury Department designated the Al Akhtar Trust as a terrorist support organization under Executive Order 13224 (66 Fed. Reg. 49079, September 25, 2001), freezing assets of the Trust in the U.S. and prohibiting transactions with U.S. nationals. The organization has been added to the SDN list as a Specially Designated Global Terrorist [SDGT] (see Treasury release at http://www.treas.gov/offices/eotffc/ofac/actions/20031014.html). Treasury disseminated this addition to the SDN list in a number of announcements, noting the organization's connection with parties involved in the murder of Daniel Pearl:

Al Akhtar Trust is a Pakistani based charity known to have provided support to al-Qaida fighters in Afghanistan. Al Akhtar is carrying on the activities of the previously designated Al Rashid Trust. The organization is also suspected of raising money for jihad in Iraq and is connected to an individual with ties to the kidnapping and murder of Wall Street Journal Reporter Daniel Pearl.

The SDN list, updated as of October 14, 2003, provides the following information on the Trust:

AL-AKHTAR TRUST INTERNATIONAL (a.k.a. AKHTARABAD MEDICAL CAMP; a.k.a.
AL-AKHTAR MEDICAL CENTRE), ST-1/A, Gulshan-e-Iqbal, Block 2, Karachi 75300,
Pakistan; Bahawalpur, Pakistan; Bawalnagar, Pakistan; Gilgit, Pakistan; Gulistan-e-Jauhar,
Block 12, Karachi, Pakistan; Islamabad, Pakistan; Mirpur Khas, Pakistan; Spin Boldak,
Afghanistan; Tando-Jan-Muhammad, Pakistan; and all other offices worldwide [SDGT]

See MLT 1.2-1[2] for further discussion of the responsibilities of financial institutions with regard to parties on the SDN list.

<< News Releases Main Page