557. How will U.S. and foreign financial institutions (FFIs) know that the Treasury Department has imposed prohibitions or strict conditions on FFIs’ correspondent accounts or payable-through accounts in the United States pursuant to § 510.210 of the North Korea Sanctions Regulations (NKSR)?

If, pursuant to the NKSR, Treasury decides to impose strict conditions on maintaining U.S. correspondent accounts or U.S. payable-through accounts for an FFI, or decides to prohibit the opening or maintaining of U.S. correspondent accounts or U.S. payable-through accounts for an FFI, Treasury will add the name of the FFI, together with the actual strict condition or conditions to be imposed, to the Correspondent Account or Payable-Through Account Sanctions (CAPTA) List on OFAC’s website (www.ofac.treasury.gov), and published in the Federal Register. (The CAPTA list will be included in the Consolidated Sanctions List Data Files, and will be available for download in all Consolidated Sanctions List data file formats.)

If the Treasury Department decides instead to block the property and interests in property of the FFI, the institution’s name will be placed on OFAC’s List of Specially Designated Nationals and Blocked Persons (SDN List).