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Foreign Assets Control Act

BSA/AML, OFAC and Fraud
March 22, 1996

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