Each depositor insured to at least $250,000 per insured bank



Home > News & Events > Financial Institution Letters




Financial Institution Letters

Foreign Assets Control Act

FIL-23-2004
March 3, 2004


TO: CHIEF EXECUTIVE OFFICER (also of interest to BSA Officer)
SUBJECT: General License Issued Under Libyan Sanctions Regulations, and Specially Designated Nationals and Blocked Persons
Summary: The Department of the Treasury's Office of Foreign Assets Control has issued a general license under the Libyan sanctions regulations and it has removed an address from the Specially Designated Nationals List.

On February 25, 2004, the Department of the Treasury's Office of Foreign Assets Control (OFAC) issued a general license under the Libyan sanctions regulations, which addresses travel and residence transactions for persons traveling to, from and within Libya. A copy of the general license is attached.

In the same issuance, OFAC also removed the address related to the following persons:

"Lembaga Pelayanan Pesantren & Studi Islam, Jalan Jati Padang II, No. 18-A, Jakarta Selatan 12540 Indonesia" will be removed from the "AL-HARAMAIN: Indonesia Branch" [SDGT] entry and its a.k.a. entries with the next SDN list update.

Additional information concerning OFAC-related issues may be found on the Internet at www.treas.gov/offices/enforcement/ofac/.

Please distribute this information to the appropriate personnel in your institution. For further information about Executive Orders or control regulations, please call OFAC's Compliance Programs Division at 1-800-540-6322.

For your reference, FDIC Financial Institution Letters may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2004/index.html. To learn how to automatically receive FDIC Financial Institution Letters through e-mail, please visit http://www.fdic.gov/news/news/announcements/index.html.

Michael J. Zamorski
Director
Division of Supervision and Consumer Protection

# # #

Attachment (May be found at http://www.treas.gov/offices/enforcement/ofac/sanctions/libya_gl1.pdf - PDF 108k (PDF Help) .)

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).




Last Updated 03/03/2004 communications@fdic.gov