Bulletin: SLS2024010

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Bulletin: SLS2024010

Note: This Bulletin has been replaced by SLS2024012 - GENERAL - Foreign Sanctions Evaders List - Temporary search workaround is no longer necessary. Use it for reference only.

Bulletin Document
V 5
Date: June 06, 2024
To: All Issuing Offices
RE: GENERAL - Foreign Sanctions Evaders List - Temporary Search Workaround [Revised 8-12-24]

Dear Associates:

The search application available in Virtual Underwriter (VU) for searching the Foreign Sanctions Evaders List (FSE List) was successfully updated and is functioning normally.

The temporary search workaround described below is no longer necessary.

Effective immediately, you may resume searching the FSE List as well as the Specially Designated Nationals List (SDN List) and Stewart Special Alerts using the search application available on VU. [Added 08-12-24].

For reference, here is a direct link:

https://specialalerts.stewart.com/Search

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 for names on the United States Treasury Department’s Office of Foreign Assets Control (OFAC) FSE List using the Stewart Special Alerts Search Application will not produce accurate results.

Effective immediately, and until otherwise advised, please use the Sanctions List Search application at OFAC’s website to search the FSE List.

Click here to be directed to OFAC’s Sanctions List Search application. This website will also search the Specially Designated Nationals and Blocked Persons List (the SDN List).

Please note that the search feature in VU for the SDN List and Stewart Special Alerts is still otherwise functioning normally. You may continue to use the VU search application for searches of the SDN List and Stewart Special Alerts.

Click here to be directed to the Stewart Special Alerts Search Application.

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

If you have questions about a transaction involving a closed bank or a bridge bank, or other issues not addressed by this bulletin, 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:
  • None
Underwriting Manual:
  • None
Exceptions Manual:
  • None
Forms:
  • None