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Financial Institution Letter

Office of Foreign Assets Control Specially Designated Nationals and Blocked Persons



Summary: The Department of the Treasury’s Office of Foreign Assets Control has added a number of entries to its list of Specially Designated Nationals and Blocked Persons and issued a statement regarding licenses with six Colombian entities.

Highlights:
  • On July 21, 2005, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) added a number of entries to its list of Specially Designated Nationals and Blocked Persons (SDNs).
  • OFAC also has published a notice on licensing policy regarding transactions with six Colombian entities designated pursuant to Executive Order 12978.
  • The new entries to the SDN list and the licensing policy are attached.
  • 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 https://home.treasury.gov/policy-issues/office-of-foreign-assets-control-sanctions-programs-and-information .
  • 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.

Distribution:
FDIC-Supervised Banks (Commercial and Savings)

Suggested Routing:
Chief Executive Officer
BSA Compliance Officer

Note:
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/financial-institution-letters/2005/index.html .

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html .

Paper copies of FDIC FILs 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).



Additional Related Topics:

  • Office of Foreign Assets Control
FIL-71-2005
Attachment(s)

Last Updated: August 1, 2005