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Informational Memorandum
Subject:Specially Designated Nationals and Blocked Persons
Date of Memorandum:07/02/2002
Expiration Date:
Office:OE
Signed By:Smith, Roland
FCA Contact Person:Holland, Tom
Contact Phone:703-883-4484
List of Attachments:None



INFORMATIONAL MEMORANDUM


July 2, 2002


To: The Chief Executive Officer
All Farm Credit System Institutions

From: Roland E. Smith, Director
Office of Examination

Subject: Specially Designated Nationals and Blocked Persons


The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has updated its list of Specially Designated Nationals and Blocked Persons through June 27, 2002. The OFAC alphabetical list may be found on the Internet at the following Web site, which also contains general information about OFAC and its rules.
http://www.ustreas.gov/offices/enforcement/ofac/sdn/index.html

If your institution has accounts or does business with any individual or entity on the list, you must block the accounts immediately and stop any business involvement with them. OFAC's list changes frequently as the investigation of the terrorist activities continues. Therefore, we suggest that you regularly visit OFAC's Web site for up-to-date information. For further information about the list of Specially Designated Nationals and Blocked Persons or the procedures to block accounts, please call OFAC's Compliance Programs Division at 800-540-6322.

If you have any questions about this informational memorandum, please call Thomas J. Holland, Director, Special Examination and Supervision Division, Office of Examination, at (703) 883-4483, or write to him on the Internet at e-mail address hollandt@fca.gov.