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FOREIGN ASSETS CONTROL ACT

BSA/AML, OFAC and Fraud
June 11, 2003


TO: CHIEF EXECUTIVE OFFICER (also of interest to BSA Compliance Officer)
SUBJECT: Specially Designated Nationals and Blocked Persons
Summary: Treasury's Office of Foreign Assets Control (OFAC) has terminated the declaration of emergencies with respect to Yugoslavia and modified entries for the Balkans and the Federal Republic of Yugoslavia - Milosevic on the list of Specially Designated Nationals and Blocked Persons. AL-AQSA Foundation has been named a Specially Designated Global Terrorist.

On May 29, 2003, the Department of the Treasury's Office of Foreign Assets Control (OFAC) released a bulletin indicating that Executive Order 13304 had been issued. The Executive Order terminated the declaration of emergencies with respect to Yugoslavia and modified Executive Order 13219. More specifically, it deleted certain entries for the Balkans and the Federal Republic of Yugoslavia - Milosevic (FRYM) on OFAC's Specially Designated Nationals and Blocked Persons (SDN) list and substituted a new list of entries for these countries. In addition, AL-AQSA Foundation, with numerous other names, has been listed as a Specially Designated Global Terrorist (SDGT). A listing of the new entries is attached.

OFAC has asked that we distribute the information to all FDIC-supervised institutions so records can be checked for accounts that are required to be blocked. Additional information concerning OFAC-related issues may be found on the Internet at www.treas.gov/ofac/.

Please distribute this information to the appropriate personnel in your institution. For further information about Executive Orders or control regulations, please call OFAC's Compliance Programs Division at 1-800-540-6322.

For your reference, FDIC Financial Institution Letters may be accessed from the FDIC's website at www.fdic.gov/news/financial-institution-letters/2003/index.html . To learn how to automatically receive FDIC Financial Institution Letters through e-mail, please visit http://www.fdic.gov/news/news/announcements/index.html .

Michael J. Zamorski
Director

Attachment

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, NW, Room 100, Washington, DC 20434 (1-877-275-3342, option 5, or (703) 562-2200).

Last Updated 4/7/2009 communications@fdic.gov

Last Updated: June 11, 2003