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FOREIGN ASSETS CONTROL ACT

BSA/AML, OFAC and Fraud
July 19, 2002


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

On July 3, 2002, the Department of the Treasury's Office of Foreign Assets Control (OFAC) amended its listing of Specially Designated Nationals and Blocked Persons by adding three names of "Persons Who Threaten International Stabilization Efforts in the Western Balkans." Additionally, Executive Order 13224 has been amended to incorporate seven former Taliban designations under the Specially Designated Global Terrorist (SDGT) program.

On July 16, 2002, OFAC amended its list of Specially Designated Nationals and Blocked Persons by removing the following name from its list of Specially Designated Global Terrorists:

  • HUSSEIN, Liban, 2019 Bank St., Ottawa, Ontario, Canada; 925 Washington St., Dorchester, Massachusetts, U.S.A. (individual) [SDGT]

Attached are copies of the OFAC bulletins announcing the changes. Also attached is information from OFAC containing all changes to the list of Specially Designated Nationals and Blocked Persons since January 1, 2002. 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, Division of Supervision
and Consumer Protection

Attachments (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: July 19, 2002