CHIEF EXECUTIVE OFFICER (also of interest to BSA Officer)
General Licenses Issued Under Burmese Sanctions Regulations
OFAC has issued two general licenses under the Burmese sanctions regulations, including one affecting banking services.
On August 22, 2003, the Department of the Treasury's Office of Foreign Assets Control (OFAC) issued two general licenses under the Burmese sanctions regulations, including one affecting remittances and other banking services. A copy of the general licenses along with a copy of Executive Order 13310 dated July 28, 2003, are included as attachments.
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.
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).