Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
INACTIVE
This page is no longer active. Its content has expired or been rescinded by the FDIC.
Financial Institution Letter
Foreign Assets Control Act
March 22, 1996
Notes
 

TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Blocking of Accounts Associated
With Narcotics Traffickers

Executive Order 12978 recently added 198 international narcotics traffickers to the Department of the Treasury's Office of Foreign Assets Control's (OFAC) listing of Specially Designated Nationals and Blocked Persons. The listing, with 60 new entities and 138 new individuals, is attached and supplements the listing provided by the FDIC on April 3, 1995, in FIL-26-95.

The FDIC on May 19, 1995 (FIL-36-95), provided information about OFAC, and a series of laws administered by OFAC that impose economic sanctions against targeted hostile foreign countries to further U.S. foreign policy and national security objectives. Also provided in FIL-36-95 were details about the availability of computer-based, up-to-date OFAC data.

Please distribute the attached list to the appropriate persons in your institution. For questions about this list or the procedures to block accounts, please call OFAC's Compliance Programs Division on 202-622-2490.

Nicholas J. Ketcha Jr.
Director

Attachment: PDF Format (76 kb, PDF help or hard copy ),

Distribution: FDIC-Supervised Banks (Commercial and Savings)


FIL-14-96
Last Updated: March 22, 1996