Each depositor insured to at least $250,000 per insured bank



Home > News & Events > Financial Institution Letters




Inactive Financial Institution Letters

Foreign Assets Control Act

FIL-65-2004
June 8, 2004


TO: CHIEF EXECUTIVE OFFICER (also of interest to BSA Compliance Officer)
SUBJECT: Specially Designated Nationals and Blocked Persons
Summary: The Department of the Treasuryís Office of Foreign Assets Control has added several entries to its list of significant foreign narcotics traffickers under the Foreign Narcotics Kingpin Designation Act.

On June 1, 2004, the Department of the Treasuryís Office of Foreign Assets Control (OFAC) added entries to its list of significant foreign narcotics traffickers (SDNTKs) under the Foreign Narcotics Kingpin Designation Act. The additions should be included in each institutionís list of Specially Designated Nationals and Blocked Persons. Attached is a listing of the additions.

OFAC has asked that we distribute this 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 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 OFACís Compliance Programs Division at 1-800-540-6322.

For your reference, FDIC Financial Institution Letters may be accessed from the FDICís Web site at www.fdic.gov/news/news/financial/2004/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
Division of Supervision and Consumer Protection

# # #

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 or (703) 562-2200).




Last Updated 06/08/2004 communications@fdic.gov