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Foreign Assets Control Act

BSA/AML, OFAC and Fraud
January 30, 1997
TO: CHIEF EXECUTIVE OFFICER 
SUBJECT: Blocking of Accounts Associated with Narcotics Traffickers 

The Department of the Treasury's Office of Foreign Assets Control (OFAC) recently added 57 individuals and 21 businesses to its list of Specially Designated Narcotics Traffickers (SDNTs). The updated listing is attached. OFAC also announced that one SDNT and three Specially Designated Nationals of Iraq have been removed from OFAC's master list of Specially Designated Nationals and Blocked Persons. Information on other SDNTs has also been updated. 

In FIL-36-95, dated May 19, 1995, the FDIC 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 800-540-6322.

Nicholas J. Ketcha Jr.
Director
 

Attachment 
PDF (89 kb, PDF help or hard copy ) 

Distribution: FDIC-Supervised Banks (Commercial and Savings) in the San Francisco Region 

Note: Paper copies of FDIC financial institution letters may be obtained through the FDIC’s Public Information Center, 801 17th St., NW, Room 100, Washington, D.C. 200434 ((703) 562-2200 or 800-276-6003).

FIL-7-97

Last Updated: January 30, 1997