Inactive Financial Institution Letters Foreign Assets Control Act
February 23, 2004
CHIEF EXECUTIVE OFFICER (also of interest to BSA Compliance Officer)
Specially Designated Nationals and Blocked Persons
The Department of the Treasury's Office of Foreign Assets Control has added several entries to its list of Specially Designated Nationals and Blocked Persons and is blocking the assets and property of one organization pursuant to the USA PATRIOT Act.
On February 18, 2004, the Department of the Treasury's Office of Foreign Assets Control (OFAC) added names to its list of Specially Designated Nationals and Blocked Persons (SDNs). The names, including aliases, are attached. Also included in the listing is the name of an organization whose assets, including real property, are being blocked pursuant to Section 106 of the USA PATRIOT Act.
OFAC has asked that the information be distributed 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 http://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 FDICís Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).