CHIEF EXECUTIVE OFFICER (also of interest to BSA Compliance Officer)
Specially Designated Nationals and Blocked Persons
Treasury's Office of Foreign Assets Control has amended its list of Specially Designated Nationals and Blocked Persons by adding the names of certain members of the Government of Zimbabwe and other related persons.
On March 7, 2003, the President of the United States issued an Executive Order entitled "Blocking Property of Persons Undermining Democratic Processes or Institutions in Zimbabwe." Therefore, on March 10, 2003, the Department of the Treasury's Office of Foreign Assets Control (OFAC) amended its list of Specially Designated Nationals and Blocked Persons (SDNs) by adding the names of 77 persons and entities noted in the Executive Order. A copy of the Executive Order and a list of the newly designated SDNs are included as an attachment.
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. OFAC information also may be found on the Internet at www.treas.gov/offices/enforcement/ofac/.
Please distribute this information to the appropriate personnel in your institution. For further information about Executive Orders, the list of blocked accounts or the procedures to block accounts, please call OFAC's Compliance Programs Division at 1-800-540-6322.
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).