|
| TO: |
CHIEF EXECUTIVE OFFICER |
| SUBJECT: |
Executive Order Prohibiting Certain Transactions With Sudan
|
President Clinton has signed an Executive Order, effective November 4,
1997, imposing a trade embargo against Sudan and a total assets freeze
against the Government of Sudan. In addition to blocking transactions
with the Bank of Sudan (The Central Bank), transactions with the
following Sudanese banks also must be blocked: Agricultural Bank of
Sudan, Bank of Khartoum, Industrial Bank of Sudan, Islamic
Co-Operative Development Bank, National Export-Import Bank, Nilein
Industrial Development Bank, People's Co-Operative Bank, Sudan
Commercial Bank, Sudanese Estates Bank, Sudanese Savings Bank, and
Unity Bank.
Attached is information from the U.S. Department of the Treasury's
Office of Foreign Assets Control (OFAC) containing all changes to the
list of Specially Designated Nationals affected by the order. OFAC
has asked that we distribute the update to all FDIC-regulated
institutions so records can be checked for accounts that are required
to be blocked. OFAC information also may be found on the Internet at
http://www.treas.gov/treasury/services/fac/fac.html.
Please distribute the attached document to the appropriate personnel
in your institution. For further information about the Executive
Order, the list of blocked accounts, or the procedures to block
accounts, please call OFAC's Compliance Programs Division at
1-800-540-6322.
|
Nicholas J. Ketcha Jr. |
|
Director |
Attachment: Overview of U.S. Sanctions-Sudan
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, N.W., Room 100, Washington, D.C. 20434 (800-276-6003 or
(703) 562-2200).
|
