Blocking of Accounts Associated with Narcotics Traffickers

97-RA-03 / April 1997
Blocking of Accounts Associated with Narcotics Traffickers
Subject
BSA/AML
To
All Federally Insured Credit Unions
Status
Active
To
All Federally Insured Credit Unions
Subj
Blocking of Accounts Associated with Narcotics Traffickers

The Department of the Treasury's Office of Foreign Assets Control (OFAC) recently added 57 individuals and 21 businesses to its list of Specially Designated Narcotics Traffickers (SDNTs). OFAC also announced that one SDNT and three Specially Designated Nationals of Iraq have been removed from the OFAC's master list of Specially Designated Nationals and Blocked Persons. The updated listing is attached.

If your credit union maintains any accounts or does business with any individual or entity on the enclosed list, you must block the accounts immediately and cease any business involvement with them. Questions about this listing should be addressed to OFAC at 1-800-540-6322 or 202-622-2490.

Also attached is OFAC's publication on electronic document availability.

This regulatory alert replaces Regulatory Alert number 96-RA-1, dated April 16, 1996.

Sincerely,

/S/

Norman E. D'Amours

Chairman

Last modified on
09/25/20