Inactive Financial Institution Letters Foreign Assets Control Act
January 8, 2004
EXECUTIVE OFFICER (also of interest to BSA Compliance Officer)
Specially Designated Nationals and Blocked Persons
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has amended several entries listed as Foreign Terrorist Organizations on its list of Specially Designated Nationals and Blocked Persons. OFAC also has designated two foreign entities subject to the import ban of the Weapons of Mass Destruction Trade Control Regulations.
On December 24, 2003, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) amended several Foreign Terrorist Organizations (FTO) entries on its list of Specially Designated Nationals and Blocked Persons (SDN). The list of edited entries is attached.
OFAC has been notified by the Secretary of State that the following foreign entities have been designated as being subject to the import ban of the Weapons of Mass Destruction Trade Control Regulations (Title 31 Part 539 of the U.S. Code of Federal Regulations):
MIKROSAM, wherever located, including 7500 Prilep, Macedonia
OFAC has asked that we distribute the 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 more 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.
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).