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Inactive Financial Institution Letters 

Foreign Assets Control Act

FIL-53-99
June 17, 1999

 

TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Specially Designated Nationals, Narcotics Traffickers and Blocked Persons

On May 26, 1999, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) updated its listing of specially designated nationals and blocked persons to include new entries for Sudan and Unita. Certain deletions and modifications to the existing list also were made. On May 28, 1999, OFAC updated its listing of specially designated nationals and blocked persons to include the names of the five individuals indicted as war criminals by the United Nations International Criminal Tribunal for the former Yugoslavia. On June 8, 1999, OFAC updated its listing of specially designated narcotics traffickers and also updated data for entities previously listed.

Attached is information from OFAC containing all changes to the list of Specially Designated Nationals and Blocked Persons since January 1, 1999. OFAC has asked that we distribute the update to all FDIC-regulated 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. For your reference, all FDIC Financial Institution Letters published since January of 1995 may be found on the FDIC's Web site at www.fdic.gov under the "Banking News" category.

Any information about these entities should be forwarded to the FDIC's Special Activities Section, 550 17th Street, NW, Room F-6012, Washington, DC 20429. For your reference, all FDIC Financial Institution Letters published since January of 1995 may be found on the FDIC's Web site at www.fdic.gov under the "Banking News" category.

James L. Sexton
Director

 

Attachment: (To access the OFAC listing, go to www.treas.gov/offices/enforcement/ofac/)

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC financial institutions letters may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room100, Washington, DC 20434 (800-276-6003 or (703) 562-2200).

Last Updated 07/17/1999 communications@fdic.gov