Financial Institution Letters Foreign Assets Control Act
March 3, 2004
CHIEF EXECUTIVE OFFICER (also of interest to BSA Officer)
General License Issued Under Libyan Sanctions Regulations, and Specially Designated Nationals and Blocked Persons
The Department of the Treasury's Office of Foreign Assets Control has issued a general license under the Libyan sanctions regulations and it has removed an address from the Specially Designated Nationals List.
On February 25, 2004, the Department of the Treasury's Office of Foreign Assets Control (OFAC) issued a general license under the Libyan sanctions regulations, which addresses travel and residence transactions for persons traveling to, from and within Libya. A copy of the general license is attached.
In the same issuance, OFAC also removed the address related to the following persons:
"Lembaga Pelayanan Pesantren & Studi Islam, Jalan Jati Padang II, No. 18-A, Jakarta Selatan 12540 Indonesia" will be removed from the "AL-HARAMAIN: Indonesia Branch" [SDGT] entry and its a.k.a. entries with the next SDN list update.
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 or (703) 562-2200).