Interpretive Guidance Concerning an Account Entitled “Central Bank of Iraq/Oil Proceeds Receipts Account” at the Federal Reserve Bank of New York

Notice published July 7, 2003 · 68 FR 40334

Document number
FR Doc. 03-17059
Type
Notice
Published
July 7, 2003
Citation
68 FR 40334 (page 40,334)
Action
Notice.
Effective
June 19, 2003
Dates
Effective June 19, 2003.
Official sources
PDF (govinfo.gov) · federalregister.gov

Summary

The Federal Register's summaryThe Treasury Department's Office of Foreign Assets Control ("OFAC") has determined that an account opened on the books of the Federal Reserve Bank of New York for the purpose of receiving proceeds of Iraqi petroleum contracts is subject to the prohibitions of Executive Order 13303 of May 22, 2003. Accordingly, any attachment, judgment, decree, lien, execution, garnishment, or other judicial process with respect to that account is prohibited and shall be deemed null and void.

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Interpretive Guidance Concerning an Account Entitled “Central Ban · Bulwark Compliance