Bulletin: SLS2015010

Date:
July 15, 2015
To:
All Issuing Offices
RE:
GENERAL - Foreign Sanctions Evaders List Temporary Search Workaround [Revised 07-21-15]

Dear Associates:

As of 07/21/15, the Foreign Sanctions Evaders List (FSE List) in VU was successfully updated and is functioning normally. The temporary search workaround described below is no longer necessary. On and after 07/21/15, you may resume searching the FSE List on VU, as well as the SDN List and Stewart Special Alerts. [Added 07-21-15]

This Bulletin advises you that the search feature available in VU for searching the Foreign Sanctions Evaders List (the FSE List) is being updated. A search using this feature on VU may not return accurate results for searches made on and after 07/14/15. A search may not show matches with names added to the FSE List on and after 07/14/15.

Effective immediately, and until otherwise advised, please use the search feature at the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) to search the FSE List. Click here to be directed to OFAC’s search feature. Please re-run FSE List searches made on and after 07/14/15.

Please note that the search feature in VU for the Specially Designated Nationals and Blocked Persons List (SDNs) and Stewart Special Alerts is still updating normally. You may continue to use the VU search feature for searches of the SDN List and Stewart Special Alerts.

We will advise you when the search feature on VU for the FSE List is updated. 

If you have any questions relating to this or other bulletins, please contact a Stewart Title Guaranty Company underwriter.

For on-line viewing of this and other bulletins, please log onto www.vuwriter.com.

THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER  AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.

References

Bulletins Replaced:
None
Related Bulletins:
SLS00158 USA Patriot Act - Money Laundering; Executive Order and Terrorists Activities
 
SLS2014014 GENERAL - Foreign Sanctions Evaders List [Revised 02-27-15]
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None