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FOREIGN ASSETS CONTROL ACT

BSA/AML, OFAC and Fraud
February 12, 2002


TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Specially Designated Nationals and Blocked Persons

On December 26, 2001, the Department of the Treasury's Office of Foreign Assets Control (OFAC) amended its listing of Specially Designated Nationals and Blocked Persons by adding the Foreign Terrorist Organization (FTO) designation to two Specially Designated Global Terrorists (SDGTs) and by providing additional information about a SDGT listed in OFAC's December 20, 2001, update.

On December 31, 2001, OFAC amended its listing of Specially Designated Nationals and Blocked Persons by adding six new names of SDGTs. Their assets must be blocked immediately.

Attached is a copy of the OFAC bulletins announcing the additions. Also attached is information from OFAC containing all changes to the list of Specially Designated Nationals and Blocked Persons since January 1, 2001. 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.

For your reference, all FDIC Financial Institution Letters published since January of 1995 may be found on the FDIC's Web site at www.fdic.gov under "Newsroom, Events & FOIA." To learn how to automatically receive FDIC Financial Institution Letters through e-mail, please visit http://www.fdic.gov/news/news/announcements/index.html .

Michael J. Zamorski
Director

Attachment: OFAC bulletins may be accessed at https://home.treasury.gov/policy-issues/office-of-foreign-assets-control-sanctions-programs-and-information

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 (800-276-6003 or (703) 562-2200).


Last Updated: February 12, 2002