# FDIC FIL-1-2002: FOREIGN ASSETS CONTROL ACT

> Federal · Agency guidance · Superseded

URL: https://www.frixlaw.com/law-library/statutes/FDIC_FIL02001

## Section

- **Citation:** FDIC FIL-1-2002
- **Heading:** FOREIGN ASSETS CONTROL ACT
- **Jurisdiction:** Federal
- **Kind:** Agency guidance
- **Status:** Superseded
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** FDIC Financial Institution Letters / FOREIGN ASSETS CONTROL ACT

## Text

FOREIGN ASSETS CONTROL ACT
BSA/AML, OFAC and Fraud
January 2, 2002
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TO:
CHIEF EXECUTIVE OFFICER
SUBJECT:
Specially Designated Nationals and Blocked Persons
Pursuant to Section 106 of the USA PATRIOT Act of 2001, the financial assets of Benevolence International Foundation, Inc. and Global Relief Foundation, Inc., wherever located, are blocked. Benevolence International Foundation, Inc. is known to have offices in Illinois and New Jersey, and Global Relief Foundation, Inc. is known to have offices in Illinois. The Department of the Treasury's Office of Foreign Assets Control (OFAC) has added their names to its Specially Designated Nationals and Blocked Persons list.
Attached for your convenience is a copy of the latest OFAC bulletin and changes to the list of Specially Designated Nationals and Blocked Persons since January 1, 2001. The bulletin, the list and other 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
. 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. Please immediately 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
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
Attachments:
A Bulletin from the Office of Foreign Assets Control
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
).
FIL-1-2002

## Nearby sections

- [FDIC FIL-1-2002 FOREIGN ASSETS CONTROL ACT](https://www.frixlaw.com/law-library/statutes/FDIC_FIL02001.md)
- [FDIC FIL-1-2010 Employee Compensation Advance Notice of Proposed Rulemaking](https://www.frixlaw.com/law-library/statutes/FDIC_FIL10001.md)
- [FDIC FIL-1-2024 Consolidated Reports of Condition and Income for Fourth Quarter 2023](https://www.frixlaw.com/law-library/statutes/FDIC_FIL24001.md)
- [FDIC FIL-2-2004 Foreign Assets Control Act](https://www.frixlaw.com/law-library/statutes/FDIC_FIL04002.md)
- [FDIC FIL-2-2020 Consolidated Reports of Condition and Income for Fourth Quarter 2019](https://www.frixlaw.com/law-library/statutes/FDIC_FIL20002.md)
- [FDIC FIL-3-2003 FILING PROCEDURES](https://www.frixlaw.com/law-library/statutes/FDIC_FIL03003.md)
- [FDIC FIL-4-2006 Commercial Real Estate Lending Proposed Interagency Guidance](https://www.frixlaw.com/law-library/statutes/FDIC_FIL06004.md)
- [FDIC FIL-4-2021 Revised Guidelines for Appeals of Material Supervisory Determinations](https://www.frixlaw.com/law-library/statutes/FDIC_FIL21004.md)
- [FDIC FIL-4-2023 Guidance to Help Financial Institutions and Facilitate Recovery in Areas of California Affected by Severe Winter Storms, Flooding, Landslides and Mudslides](https://www.frixlaw.com/law-library/statutes/FDIC_FIL23004.md)
- [FDIC FIL-4-2025 FDIC Statement of Policy on Bank Merger Transactions](https://www.frixlaw.com/law-library/statutes/FDIC_FIL25004.md)
- [FDIC FIL-5-2000 Consumer Credit Reporting Practices](https://www.frixlaw.com/law-library/statutes/FDIC_FIL00005.md)
- [FDIC FIL-5-2003 LETTER TO STAKEHOLDERS](https://www.frixlaw.com/law-library/statutes/FDIC_FIL03005.md)
- [FDIC FIL-5-2021 Frequently Asked Questions Regarding Suspicious Activity Reporting and Other Anti-Money Laundering (AML) Considerations](https://www.frixlaw.com/law-library/statutes/FDIC_FIL21005.md)
- [FDIC FIL-6-2000 Special Alert](https://www.frixlaw.com/law-library/statutes/FDIC_FIL00006.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/FDIC_FIL02001. Check the current official text before relying on it. Not legal advice.