On 26 February 2015, several individuals and entities located in Italy, Liechtenstein, the Bahamas, Switzerland, Austria and Tunisia were removed from the Specifically Designated Global Terrorists (“SDGT”) list, including Al Taqwa Bank, its former chairman Youssef Nada, and a number of affiliated entities. The individuals and entities had been listed on 7 November 2001. At the time, then-Treasury Secretary Paul O’Neill had called Al Taqwa and another organisation “financiers of terror”, alleging that Al Taqwa acted as a financial advisor to Al-Qaida. The Treasury Department gave no reason for the delistings.