On May 22, 2003, the Department of the Treasury's Office of Foreign Assets Control (OFAC) made available in the Interpretative Rulings area of its Web site guidance entitled "Facilitation of non-commercial humanitarian funds transfers (Iraq)," and assigned Ruling Number 030521-FACRL-IQ-01 to it. A copy of the guidance is attached.
Additional information concerning OFAC-related issues may be found on the Internet at www.treas.gov/offices/enforcement/ofac/.
Please distribute this information to the appropriate personnel in your institution. For further information about Executive Orders or control regulations, please call OFAC's Compliance Programs Division at 1-800-540-6322.
For your reference, FDIC Financial Institution Letters may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2003/index.html. To learn how to automatically receive FDIC Financial Institution Letters through e-mail, please visit http://www.fdic.gov/news/news/announcements/index.html.
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Michael J. Zamorski |
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Director |
Attachment: IRAQI SanctionsRegulations (31 CFR Part 575)
PDF (22 KB File - PDF Help or Hard Copy)
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 (1-877-275-3342, option 5, or (703) 562-2200).
