How will U.S. financial institutions and foreign financial institutions (FFIs) know that the Department of the Treasury has imposed prohibitions or strict conditions on FFIs’ correspondent accounts or payable-through accounts in the United States pursuant to section 5 of the Ukraine Freedom Support Act (UFSA), as amended by section 226 of the Countering America’s Adversaries Through Sanctions Act (CAATSA), now incorporated in § 589.209 of the Ukraine-/Russia-Related Sanctions Regulations (URSR)?
OFAC's answer
If, pursuant to [§ 589.209](https://www.ecfr.gov/current/title-31/subtitle-B/chapter-V/part-589?toc=1) of the URSR, Treasury decides to impose strict condition(s) 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 to the List of Foreign Financial Institutions Subject to Correspondent Account or Payable-Through Account Sanctions ([CAPTA List](https://ofac.treasury.gov/consolidated-sanctions-list-non-sdn-lists/list-of-foreign-financial-institutions-subject-to-correspondent-account-or-payable-through-account-sanctions-capta-list)) on OFAC’s website and publish the name of the FFI in the Federal Register along with the applicable prohibition or strict condition(s). The CAPTA List will be included in the [Consolidated Sanctions List Data Files](https://ofac.treasury.gov/consolidated-sanctions-list-non-sdn-lists) and will be available for download in all Consolidated Sanctions List data file formats. Date Updated: April 29, 2022