Financial Institution Letters Foreign Assets Control Act
April 12, 2004
CHIEF EXECUTIVE OFFICER (also of interest to BSA Officer)
General License Issued Under Libyan Sanctions Regulations
The Department of the Treasury's Office of Foreign Assets Control has amended a general license under the Libyan sanctions regulations.
On April 2, 2004, the Department of the Treasury's Office of Foreign Assets Control (OFAC) amended a general license issued on February 25, 2004, regarding Libyan sanction regulations, which addresses travel and residence transactions for persons traveling to, from and within Libya. The amended license was issued to clarify transactions that are not allowed. A copy of the amended general license is attached.
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).