- November 09, 2001
- All Issuing Offices
- Executive Order Freezing Assets
On September 23, 2001, President Bush signed an Executive Order (No. 13224) freezing assets and prohibiting the transfer of assets owned by persons associated with terrorist activities. The Order was effective on on September 24, 2001. The Order will be administered and enforced by the Office of Foreign Assets Control (OFAC). This list has subsequently been updated on October 12, 2001 with the addition of several more names and entities. It is expected that this list will be augmented in the future.
You can access the Order and the list of persons and entities whose assets have been blocked at http://www.treas.gov/ofac . You should access this site periodically in the event that more names are added.
In the event you have a transaction which includes one or more of the named persons or entities, do not close that transaction without contacting your Stewart underwriting counsel for additional instructions.
Should you have any question, please do not hesitate to contract your Stewart
underwriter or the National Legal Department in Houston.
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