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This page is no longer active. Its content has expired or been rescinded by the FDIC.

Foreign Assets Control Act

BSA/AML, OFAC and Fraud
April 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 individuals and businesses to its list of Specially Designated Narcotics Traffickers (SDNTs) as of April 17, 1997. OFAC also has stressed that all property in which these Colombian individuals and businesses have an interest be blocked immediately.

OFAC has updated information on other SDNTs and also has announced that a vessel formerly considered a Specially Designated National of Iraq has been removed from OFAC's master list of Specially Designated Nationals and Blocked Persons. An updated version of Executive Order 12978, which includes the updated information on the SDNTs, and a revised list of all Specially Designated Nationals and Blocked Persons as of April 17, 1997, are attached for your information.

Also attached is 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. Details about the availability of computer-based, up-to-date OFAC data also are included.

Please distribute the attached information to the appropriate persons in your institution. For questions about the lists or the procedures to block accounts, please call OFAC's Compliance Programs Division on (800) 540-6322.


Nicholas J. Ketcha Jr.
Director

Attachments : on the FDIC website. (101kb PDF file - PDF help or hard copy )

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 St., NW, Room 100, Washington, DC 20434 ((703) 562-2200 or 800-276-6003).


FIL-41-97

Last Updated: April 30, 1997