Dear Board of Directors:
The United States Department of the Treasury Office of Foreign Assets Control (OFAC) has amended its list of Specially Designated Nationals and Blocked Persons (SDN) at least 12 times since September 2003. Given the significant impact this list has on the nation’s security, it is important for credit unions to check the list frequently at the web site listed below or by calling the OFAC Faxon-Demand Service at (202) 622-0077.
Please note, a list of all changes made to the SDN list in 2003 and to the current date in 2004 is available at www.treas.gov/offices/enforcement/ofac/sdn/index.html (opens new window) (You will be leaving NCUA.gov and accessing a non-NCUA website. We encourage you to read the NCUA's exit link policies. (opens new page).) .