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Financial Institution Letters

Foreign Assets Control Act

FIL-39-2004
April 9, 2004


TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Import Ban for Entities Subject to Weapons of Mass Destruction Trade Control Regulations
Summary: The Department of the Treasury's Office of Foreign Assets Control has reported that several foreign entities are no longer subject to the import ban of the Weapons of Mass Destruction Trade Control Regulations.

On April 2, 2004, the Department of the Treasury's Office of Foreign Assets Control (OFAC) issued a notice that the Secretary of State has declared that the following foreign entities are no longer subject to the import ban of the Weapons of Mass Destruction Trade Control Regulations (Title 31 Part 539 of the U.S. Code of Federal Regulations):

  • EUROPALACE 2000, wherever located, including Moscow, Russia (63 FR 42089, July 30, 1998)
  • GRAFIT (a.k.a. NIIGRAFIT; a.k.a. STATE SCIENTIFIC RESEARCH INSTITUTE OF GRAPHITE), wherever located, including 2 Ulitsa Elektrodnaya, 111524 Moscow, Russia (63 FR 42089, July 30, 1998)
  • MOSO COMPANY, wherever located, including Moscow, Russia (63 FR 42089, July 30, 1998)
  • THE SCIENTIFIC RESEARCH AND DESIGN INSTITUTE OF POWER TECHNOLOGY (a.k.a. ENTEK; a.k.a. NIKIET; a.k.a. RESEARCH AND EVELOPMENT INSTITUTE OF POWER ENGINEERING [RDIPE]), wherever located, including 101000, P.O. Box 788, Moscow, Russia (64 FR 2935, January 8, 1999)
OFAC has asked that we distribute this information to all FDIC-supervised institutions to inform them that transactions with these entities may be conducted in the normal course of business. OFAC information also may be found on the Internet at http://www.treas.gov/offices/enforcement/ofac/.

Please distribute this information to the appropriate personnel in your institution. For further information about Executive Orders, or the import ban for the Weapons of Mass Destruction Trade 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

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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 4/09/2004 communications@fdic.gov