|
| 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).
|
