Rule · OFAC · 12 Jan 2006 · 06-277
The Office of Foreign Assets Control partially withdraws the proposed rule published on January 29, 2003, regarding economic sanctions enforcement guidelines specifically for banking institutions. This withdrawal occurs concurrently with the issuance of an interim final rule titled 'OFAC Economic Sanctions Enforcement Procedures for Banking Institutions' which amends 31 CFR part 501. The action applies to banking institutions as defined in the new interim final rule.
1 68 FR 4422–4429 (2003).
DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Part 501 Reporting and Procedures Regulations: Cuban Assets Control Regulations; Economic Sanctions Enforcement Guidelines; Partial Withdrawal AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Partial withdrawal of proposed rule. SUMMARY: This document withdraws in
part the proposed rule published on
January 29, 2003, relating to the economic sanctions enforcement guidelines.1 In addition, in the Rules and Regulations section of this issue of the Federal Register, the Treasury Department is issuing an interim final rule—Economic Sanctions Enforcement Procedures for Banking Institutions. FOR FURTHER INFORMATION CONTACT:
Assistant Director of Records, (202) 622–2500 (not a toll-free call). SUPPLEMENTARY INFORMATION:
Partial Withdrawal of Proposed Rule The proposed rule (68 FR 4422–4429, January 29, 2003) is withdrawn with respect to ‘‘banking institutions,’’ as that term is defined in the interim final rule (‘‘OFAC Economic Sanctions Enforcement Procedures for Banking Institutions’’) amending 31 CFR part 501, appearing in the Rules and Regulations section of this issue of the Federal Register. Approved: December 22, 2005. Robert W. Werner, Director, Office of Foreign Assets Control. Approved: December 23, 2005. Stuart A. Levey, Under Secretary of the Treasury, Office of Terrorism and Financial Intelligence. [FR Doc. 06–277 Filed 1–11–06; 8:45 am] BILLING CODE 4810–25–P
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“This document withdraws in part the proposed rule published on January 29, 2003, relating to the economic sanctions enforcement guidelines.”
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